187.19(a). Land Reutilization Program (Landbanking Program) 
   (1)   The Director of Economic and Business Development shall administer a Land Reutilization Program pursuant to Chapter 5722 of the Ohio Revised Code and shall perform the duties specified therein, and may delegate the administration of all or part of such Program to the Lucas County Land Reutilization Corporation under an agreement thereof. The sale of lands acquired as part of the Land Reutilization Program shall be sold pursuant to the process established herein and otherwise in accordance with Chapter 5722. Any sale of conveyance shall be made with reference to such terms and conditions, restrictions and covenants to assure the effective reutilization of such lands and may be conveyed notwithstanding any other provisions of the Toledo Municipal Code to the contrary.
   The Director of Economic and Business Development is authorized to convey by gift or sale parcels to be utilized for community improvement to the Lucas County Land Reutilization Corporation and/or to sell unbuildable parcels as defined by Chapter 1106 of the Toledo Municipal Code to adjacent residential property owners for one hundred fifty dollars ($150.00). The Mayor is authorized to execute and deliver needed instruments to convey parcels under this program to the Lucas County Land Reutilization Corporation and to adjacent residential property owners. The transfer of parcels of real estate to the Lucas County Land Reutilization Corporation for community improvement and the transfer of unbuildable parcels of real estate to adjacent residential property owners under this Program shall occur with the approval of the Director of Economic and Business Development without competitive bidding and without a separate ordinance of Council.
   (2)   To enhance the effectiveness of the Land Reutilization Program, the Director of Economic and Business Development is authorized to accept by gift lands which shall be held, administered, and disposed of in the same manner as are lands acquired pursuant to Chapter 5722 of the Ohio Revised Code.
(Ord. 155-21. Passed 4-13-21.)