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Land bank to publish notice of sale for AMPI subdivision lots; transfer back to city for tax-exemption filing
Summary
The Hillsboro Land Bank approved publishing a 30-day notice to transfer Lots 1'6 of the AMPI subdivision back to the city (a no-cost deed) to facilitate a property tax-exemption application in the city's name.
The Hillsboro City Land Bank voted to publish the required 30-day notice of sale to transfer Lots 1 through 6 of the AMPI subdivision back to the city.
City staff explained the transfer is a no-cost deed from the land bank to the city so the city can file a property tax-exemption application more easily in the city's name rather than the land bank's. The council approved publishing the notice of sale and will revisit the transfer after the 30-day publication period.
