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University Park board hears South Suburban Land Bank overview and opt‑in request
Summary
The South Suburban Land Bank presented its intergovernmental agreement offering University Park the ability to refer and transfer tax‑delinquent or abandoned properties for rehabilitation and resale; trustees asked about protections for municipal properties and the authority of a single appointed representative.
Joe Van Dyke, executive director of the South Suburban Land Bank and Development Authority, told University Park trustees the land bank works with 29 member municipalities to acquire vacant, abandoned or tax‑delinquent properties, clear title, secure and rehabilitate them, and return them to productive use. He described the intergovernmental agreement in the board packet, an opt‑in arrangement that would allow University Park to refer properties and appoint a municipal representative to the land bank board.
Van Dyke described common acquisition paths: municipal referrals and judicial abandonment actions that…
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