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Article: This Just In.(Detroit Land Bank Authority)(Pat Engineering Enterprises Co)
- Article from:
- Crain's Detroit Business
- Article date:
- July 20, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Land bank authority getting off the ground
Almost one year after the Detroit City Council approved the creation of the Detroit Land Bank Authority, that body has held its first meeting.
The board's seven members are appointed by the mayor of Detroit and the Detroit City Council, and include the heads of the administration's Planning and Development Department and the City Planning Commission, an advisory body to the council. Those positions are held by Warren Palmer and Marcell Todd, respectively.
Land banks are designed to speed up the sale of tax-reverted properties. State law gives a local land bank the ability to clear titles and buy, sell, ...