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Land Bank requires buyer due diligence language, opens sealed bids for several parcels
Summary
The board authorized language requiring buyers "do their due diligence" in sale agreements, and approved offering seven parcels for sealed bid with bids due March 27, 2026 and opening March 30, 2026.
The board voted to require prospective buyers to complete due diligence before submitting offers and to open sealed bids on a slate of properties later this spring.
On a motion by Branen Weade, the board authorized Mark Miller of P.M. Title to add language to buyer agreements that bidders "do their due diligence before submitting bids." The motion passed on a voice vote.
The board also approved offering the following properties for sale by sealed bid: 1228 E. Paint; 1004 John St.; 310 Cherry St.; 615 E. Paint St.; 610 N. North St.; 503 S. North St.; and 738 E. Paint St. Bids are to be received by March 27, 2026 at 4:00 p.m. at the Community Action Commission; sealed bids will be opened March 30, 2026.
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