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Land Bank hears Lakeshore Legacy rehab update; board asks realtors to list grant-property timelines
Summary
Board member Kilgo reported roughly $70,000 raised for a Lakeshore Legacy home-rehab program and said applications are being accepted; the board asked that realtors list a defined sale timeline and note state Land Bank approval requirements on grant properties.
Board member Kilgo told the Land Bank that he is working with the Lakeshore Legacy Project and nonprofit partners on a program to purchase and rehabilitate a home to be awarded to a selected recipient. He said approximately $70,000 has been raised to date and that applications are being accepted; submitted applications will be reviewed and a recipient selected based on eligibility criteria.
Separately, the board asked staff to ensure that realtors listing properties connected to Land Bank grants include a clearly defined timeline for sale and language noting that all offers are subject to State Land Bank approval and that the approval process may extend sale timelines. No formal motion on the realtor requirement appears in the minutes; the request was recorded as board direction.
