Article 3. Land Bank
12-301 Establishment of city land bank.
The City of South Hutchinson, Kansas (herein after “City”), by the power vested in it by K.S.A. 12-5901, et seq., hereby establishes a city land bank. The land bank will be the centralized point of contact for individuals and developers interested in acquiring developable vacant and abandoned land within the City of South Hutchinson, Kansas. The land bank will be guided in its affairs by a board of trustees.
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12-302 Board of trustees.
The land bank board of trustees shall consist of a six (6) member board comprised of the Mayor and the City Council of the City of South Hutchinson, Kansas.
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12-303 Staff.
The land bank staff shall consist of the administrative staff of the City of South Hutchinson, Kansas.
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12-304 Cash basis.
The bank shall be subject to the provisions of the cash-basis law, K.S.A. 10-1101 et seq., and amendments thereto, as provided in K.S.A. 12-5903(a).
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12-305 Budget.
The budget of the bank shall be prepared, adopted and published as provided by law for other political subdivisions of the state. No budget shall be adopted by the board until it has been submitted to, reviewed and approved by the Governing Body of the City of South Hutchinson.
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12-306 Treatment of property acquired.
For any property acquired by the land bank, the trustees shall: (1) manage, maintain and protect the same; (2) compile and maintain a written inventory of such property; (3) study, analyze and evaluate potential, present and future uses for such property which would provide for its effective re-utilization; (4) plan for and use the board’s best efforts to consummate the sale or other disposition of such property upon such terms and conditions deemed appropriate; (5) establish and maintain records and accounts reflecting all transactions, expenditures and revenues relating to the banks activities; and (6) develop such policies and procedures as the board determines reasonable and necessary to effectuate the purposes of the land bank.
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12-307 Treatment of property available.
Property available for inclusion in the land bank shall include, but not be limited to: (1) parcels of tax delinquent property foreclosed on by the county of Reno pursuant to K.S.A. 79-2401, et seq. and requested by the land bank board of trustees pursuant to its authority under K.S.A. 12-5901, et seq. (Only property that has the potential for development within a reasonable period of time and has been accepted by the land bank board of trustees will be identified for inclusion in the land bank); (2) property currently held in the name of the City of South Hutchinson, Kansas; (3) parcels of property donated by other governmental entities; (4) property purchased by the land bank board of trustees to compliment properties previously identified to the land bank through other means; and (5) property offered to and accepted by the land bank.
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12-308 Incentives.
The land bank board of trustees may offer such incentives as it deems appropriate to encourage the development of land bank property.
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12-309 Outside consultation.
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12-310 Operating funds.
The governing body of the City of South Hutchinson, Kansas may advance operating funds to the land bank to pay expenses of the board of trustees and the land bank.
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12-311 Reporting.
The land bank is required to make an annual report to the governing body of the City of South Hutchinson, Kansas, on or before January 31 of each year, showing receipts and disbursements from all funds under its control.
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12-312 Fund distribution.
Any money derived from the sale of property by the land bank shall be retained by the land bank. Any funds not immediately required for the purposes of the land bank shall be invested in the manner provided by K.S.A. 12-1675, and amendments thereto.
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12-313 Compensation of trustees.
Members of the board of trustees shall receive no compensation, but shall be paid their actual expenses in attending meetings and carrying out their duties as members of the board of trustees.
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12-314 Statutory authority.
The provisions of this article shall at all times be consistent with K.S.A. 12-5901 et seq and amendments thereto.
(Ord. 17-884)