(A) The Problem Resolution Team shall identify nuisance properties within the city that could be acquired by a land bank to design, develop, construct, demolish, reconstruct, rehabilitate, renovate, relocate, or otherwise improve the nuisance property.
(B) If the Problem Resolution Team determines that a nuisance property should be acquired by a land bank, it shall present its determination to the City Council. The City Council shall approve or deny the determination by majority vote. Should the City Council vote to approve the determination, the Problem Resolution Team shall make application to the land bank for the nuisance property.
(C) The land bank shall draft a project agreement for each nuisance property acquired within the city’s boundaries. The project agreements shall be presented to the City Council for approval by majority vote.
(Ord. 2022-3057, passed 11-21-2022)