ADOPTED - NOVEMBER 27, 2007
Agenda Item No. 5
Introduced by the County Services Committee of the:
INGHAM COUNTY BOARD OF COMMISSIONERS
RESOLUTION TO TRANSFER ALL UNSOLD TAX REVERTED PROPERTIES REJECTED BY LOCAL UNITS TO THE INGHAM COUNTY LAND BANK FAST TRACK AUTHORITY
RESOLUTION #07-290
WHEREAS, the Land Bank Fast Track Act, 2003 PA 258, being MCL 124.751 et seq., (Athe Act@) establishes the State Land Bank Fast Track Authority; and
WHEREAS, the Ingham County Treasurer, with Ingham County Board of Commissioners approval, has entered into an intergovernmental agreement with the State Land Bank Fast Track Authority under the Act to form an Ingham County Land Bank Fast Track Authority; and
WHEREAS, tax reverted property not previously sold by the Ingham County Treasurer, acting as the foreclosing governmental unit (FGU), shall be transferred to the city, village, or township in which the property is located, except those parcels of property to which the city, village or township has objected to in accordance with 1999 PA 123, MCL 211.78M(6); and
WHEREAS, parcels rejected by a city, village or township become the property of Ingham County; and
WHEREAS, the Land Bank was established to assist in the strategic disposition of tax reverted property; and
WHEREAS, local units are encouraged to object so the parcels stay with the County for disposition by the Land Bank.
THEREFORE BE IT RESOLVED, that the County Board of Commissioners authorizes the Controller to take appropriate action to transfer all rejected property to the Land Bank.
BE IT FURTHER RESOLVED, that this resolution shall be renewed annually.
BE IT FURTHER RESOLVED, that the Ingham County Board of Commissioners authorizes the Board Chairperson and the County Clerk to sign any necessary documents that are consistent with this resolution and approved as to form by the County Attorney.
COUNTY SERVICES: Yeas: De Leon, Nolan, Copedge, Soule, Severino, Dougan
Nays: None Absent: None Approved 11/20/07