Sec. 12.1-6. Policies and procedures.

 

The board shall adopt other policies and procedures, by a majority vote of the voting members, unless a greater vote is otherwise required in this Article or the Act. Policies and procedures shall include, but not be limited to, the following items:

 

(a)       The general terms and conditions for consideration to be received by the land bank for the transfer of real property and interests in real property, which consideration may take the form of monetary payments and secured financial obligations, covenants and conditions related to the present and future use of the property, contractual commitments of the transferee, and such other forms of consideration as determined to be in the best interest of the land bank.

 

(b)       Rules addressing potential conflicts of interests for board members or employees of the land bank.

 

(c)       Ethical guidelines for board members and employees of the land bank.

 

(d)       Policies and procedures for ensuring effective communication between the land bank and citizens and community groups interested in land bank issues. Such policies shall provide procedures for the board and land bank staff to keep the public informed of land bank activities and to solicit input and advice from citizens and community groups such as neighborhood alliance groups and neighborhood associations affected by land bank operations. 

 

Source:  Ord. No. 5861, § 1, 12-18-23;