City Council will meet Wednesday, March 13, in a special work session to discuss designation of a land bank entity, which will address blighted conditions in the city. The session begins at 5:30 p.m. in the fourth-floor conference room at the Municipal Building.
In work sessions, Council reviews non-routine matters that will be voted upon in future business meetings.
Land banks are governmental entities or nonprofit corporations that are focused on the conversion of vacant, abandoned, and tax-delinquent properties into productive use. They are designed to acquire and maintain problem properties and then transfer them back to responsible ownership and, in doing so, create a more efficient and effective system to eliminate blight.
The General Assembly adopted legislation in 2016 to allow the creation of land bank entities. Since the adoption of that legislation, the Danville Neighborhood Development Corp. has been created to administer the land bank program in Danville.
At next week’s work session, City Council will discuss designating the Danville Neighborhood Development Corp. as the official land bank entity for the city. The corporation is a non-profit organization and not an official arm or division of the City. The City will not be not liable for its operations nor will the City be responsible for any debts or other financial liabilities that may incur.
