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City agrees to transfer small lots to land bank for nine modular homes
Summary
The council authorized an option agreement with the Land Reutilization Corporation to transfer several small, tax-delinquent parcels for infill development; the mayor said nine energy‑efficient modular homes will be built and the lots will be sold to the land bank for the outstanding taxes (about $2,077 total).
The Common Council voted to authorize an option agreement with the Land Reutilization Corporation of the Capital Region to transfer several small, tax-delinquent city parcels for redevelopment into infill homes. Mayor Michael Sanquani described the plan as "an exciting project for our city," saying it will replace vacant gaps with nine new, energy-efficient modular homes sold at affordable prices with subsidy support.
According to staff, the city will convey the lots to the land bank for an amount equal to the unpaid taxes and fees on those parcels — a total of $2,077 for the nine lots as read into the record. Council members clarified that one lot will be subdivided, and staff said the state will select the modular-home developer. The land bank will oversee the development after transfer; the city will remove the parcels from its inventory and recover back taxes owed to the municipality.
