(a) The Authority as land bank shall hold title in its own name to all real property it acquires.
(b) The Authority as land bank may acquire real property by any legal means, on terms and conditions and in a manner the Authority considers proper.
(c) If the Authority as land bank acquires a residential property occupied by owner- occupants, it shall be the Authority's policy to show a preference for keeping the owner- occupants within their homes.
(d) The Authority as land bank shall acquire, hold and dispose of real property in accordance with the Land Bank Law.
(e) Any person may submit recommendations to the Authority concerning real property that could be acquired and the proposed uses for which such property could be redeveloped.
(Ord. 5326. Passed 1-12-22.)