Sec. 12.1-7. Disposition of real property.

 

In determining the proposed transferee, and the content of any covenants, conditions, or contractual commitments to be required regarding the present and future use of real property to be conveyed by the land bank shall comply with the Act, and shall consider the following factors and priorities, which are not listed in any particular order:

 

(a)       Consistency with the existing land use characteristics of the surrounding neighborhood;

 

(b)       Whether the use will terminate or mitigate current harmful effects on the surrounding neighborhood caused by the property;

 

(c)       Whether the use will prevent future harmful effects on the neighborhood caused by the property;

 

(d)       Whether the eventual long-term user of the property is identified and is the same as, or has some contractual or other close relationship to, the proposed transferee.

 

(e)       Whether the use, if residential, will meet the “affordability” goals of the municipalities and state as a whole.

 

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