Land Bank Authority Board Meeting
January 7, 2015
Page 2
Land Bank Authority Board Meeting
September 3, 2014
Page 3
Land Bank Authority
Board Meeting Minutes
January 7, 2015
10:00 a.m.
A meeting of the Land Bank Authority Board was held on December 3, 2014 in the
Conference Room at the Land Bank Authority?s office located at 18 Eleventh
Street, Columbus, Georgia.
Members Present: Justin Krieg Brad Dodds Patrick Coleman
Lance Hemmings Steve Anthony Anne Hanna Merritt
Members Excused: Carson Cummings
Also Present: Rhonda Walters (Staff)
Call to Order/Establish a Quorum
Board Chair Justin Krieg called the meeting to order. A quorum was present.
Anne Hanna Merritt was introduced as a new Board Member.
Approval of Minutes
A motion to approve the minutes from the Board meeting on December 3, 2014, was
made by Brad Dodds. The motion was seconded by Lance Hemmings. The motion
passed.
Operational Items
Financial Update
There was no account activity during the last month. Approximately $47,500
remains in the account.
Additional proceeds ? approximately $79,000 - from the sale of the last NSP
funded house should be transferred from City to the LBA early this year. Justin
will follow up with David Arrington, Asst. City Manager, for additional
information.
Lance asked if there was any type of year-end reporting that the LBA needed to
file. Justin mentioned a property inventory that the LBA had to submit to the
City earlier in 2014. That may be all that is necessary since the LBA is an
Authority created by the City. He will make some inquiries to determine if
additional requirements exist.
Justin also mentioned another source of revenue that is in place. Columbus
Ordinance No 12-40, Section 3, authorizes the LBA to receive 75% of collected
property taxes for five years once the LBA returns a property to productive
use. These funds are to be used to help defray LBA expenses. To date, the LBA
has not received funds from the Tax Commissioner?s Office in accordance with
this Ordinance. Justin and Rhonda will gather information regarding properties
that have been sold since the Ordinance was adopted in preparation for
discussions with the Tax Commissioner?s Office.
Old/New Business
a) Property
o 2235 Cornell Avenue
Donation completed. Justin has contacted adjacent property owner. He will
follow up to determine if they are interested in property.
o 2910 Bradley Circle
Donation completed. Historic Columbus is willing to pay up to $5,000 for
property. They are interested in it as part of their targeted City Village
project. The closing will be scheduled within the next few weeks. As an
employee of Historic Columbus, Justin will not be able to represent the LBA at
the closing. Lance has agreed to do so. A Resolution authorizing Lance to
represent the LBA as needed to conduct business was introduced and adopted at
this time.
o 3916 Oates Avenue
Donation completed. Truth Spring closed on the property in December. They are
excited to undertake this project as part of their new housing program.
o 1016 51st Street
Donation of this REO property is in process. NWC is interested in the property
as part of their upcoming ?Big in Beallwood? neighborhood revitalization effort
in 2015.
b) Acquisition through In Rem Foreclosure process
Ken Henson obtained a list of properties with demolition and weed liens and is
willing to help with the legal process to obtain identified properties that can
be addressed by non-profits and other viable entities. It needs to be
cross-referenced with a list of tax delinquent properties in order to move
forward. Attempts to obtain the list of tax delinquent properties from that
office have not been successful to date. Justin has been working with the Tax
Commissioner to resolve another matter and is hopeful he will succeed in
obtaining the list soon.
c) New Officers
As of 2015, Justin has assumed the role of Chairman of NeighborWorks Columbus.
Given these responsibilities, he will no longer be able to serve as the LBA
Chairman. Justin and Lance previously discussed this situation and Lance has
agreed to serve as the LBA Chairman with the approval of the other members. A
motion to nominate Lance as Chairman was made by Steve and seconded by Anne
Hanna. The motion was approved.
Discussion regarding the election of other new officers will occur at the next
meeting.
Next Meeting
The next Land Bank Authority Board Meeting will be on Wednesday, February 4th,
2015.
Adjourn
There being no further business, the meeting was adjourned.
Attachments
No attachments for this document.