The Union Recorder

Local News

May 24, 2013

Land bank could address local blight



Milledgeville City Planner Melba Hilson said the city is on board with the land bank idea.

“It's a wonderful idea for the city and the county to do things together,” Craig said.

• Land Bank powers and financing

A land bank entity has the power to sue, contract and borrow money for the work of the land bank. The bill also lets the board acquire, develop, demolish, rehabilitate, lease, sell or otherwise dispose of real property, according to the ACCG summary.

Once a land bank gains property control, the entity may extinguish tax liens. Any proceeds from land bank property sales go toward operations and to recover expenses. This authority may also be funded through government or private grants.

County attorney David McRee highlighted the statute's subsection allowing up to 75 percent of property taxes to go back into the bank instead of local government for a five-year period after conveyance.

“That's one of the ways they acquire funding to support their needs,” McRee said. “It's a trade off to get it back into productive hands.”

Senior counsel in the Atlanta office of Seyfarth Shaw LLP Kevin Brown, who specializes in commercial litigation and business transactions, hasn't seen a land bank created under the 2012 version of the statute. Senate Bill 284 revised the 1990 version by excluding land bank authorities from taking properties under forfeiture.

That restriction and the thought of elected officials giving up some property tax control can be a local government deterrent, according to Brown.

Commissioner Sammy Hall, District 3, doesn't mind those taxes going elsewhere for a better cause.

“That's probably not a great loss to the county because some of those properties are probably only paying $50 in property taxes. I think it's a good idea,” Hall said.

• MBC Development Authority can work the bank

Text Only
Local News
AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
Twitter Updates
Follow us on twitter

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot