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Land Bank to circulate bylaws and outstanding financials after April meeting
Summary
At the April 21 meeting the board was told the attorney is preparing Articles of Incorporation and bylaws need updating; financial statements were not available at the meeting and staff will email them when received.
Board members were told April 21 that the authority’s Articles of Incorporation are being prepared by counsel and that the bylaws require updating.
Minutes state: "Attorney is working on this and will get this submitted. By Laws need to be updated. Tim will email current By Laws out to the Board." The board also recorded that financials were not provided at the time of the meeting and that Tim would email the financials to members when he received them.
Board members requested follow-up materials; staff committed to circulate current bylaws and the financial reports by email once available and to respond to procedural questions about buyer applications and checklists.
