12-5901. City land banks; definitions. As used in this act: (a) “City” means any city. (b) “Board” means the board of trustees of the city land bank. (c) “Bank” means the city land bank established pursuant to this act. (d) “Governing body” means the governing body of the city. (e) “Municipality” means any city, county […]
12-5902. Same; city governing body; establishment, dissolution; board of trustees. (a) The governing body may establish a city land bank by adoption of an ordinance. (b) The bank shall be governed by a board of trustees. The governing body may appoint the board. City governing body members may serve on or as the board of […]
12-5903. Same; cash basis; budgets; accounts and records; annual report. (a) The bank shall be subject to the provisions of the cash-basis law, K.S.A. 10-1101 et seq., and amendments thereto. (b) The budget of the bank shall be prepared, adopted and published as provided by law for other political subdivisions of the state. No budget […]
12-5904. Same; composition of board; open meetings; conflict of interest; suits. (a) The board shall select annually, from its membership, a chairperson, a vice-chairperson and a treasurer. The treasurer shall be bonded in such amounts as the governing body may require. (b) The board may appoint such officers, agents and employees as it may require […]
12-5905. Same; powers of board. The board may: (a) Sue and be sued; (b) enter into contracts; (c) appoint and remove staff and provide for the compensation thereof; (d) acquire, by purchase, gift or devise, and convey any real property, including easements and reversionary interests, and personal property subject to the provisions of this act; […]
12-5906. Same; transfer of property. (a) Any property acquired by the city, the county, another city or other taxing subdivision within the county may be transferred to the bank. The board may accept or refuse to accept any property authorized to be transferred pursuant to this subsection. The transfer of any property pursuant to this […]
12-5907. Same; administration of property; duties of board. The board shall assume possession and control of any property acquired by it under this act and shall hold and administer such property. In the administration of property, the board shall: (a) Manage, maintain and protect or temporarily use for a public purpose such property in the […]
12-5908. Same; sale of property; conditions. (a) The board, without competitive bidding, may sell any property acquired by the board at such times, to such persons, and upon such terms and conditions, and subject to such restrictions and covenants deemed necessary or appropriate to assure the property’s effective reutilization. The sale of any real property […]
12-5909. Same; exemption of property from taxation; exceptions. (a) Until sold or otherwise disposed of by the bank and except for special assessments levied by a municipality to finance public improvements, any property acquired by the bank shall be exempt from the payment of ad valorem taxes levied by the state and any other political […]
12-5910. Same; use of money received from sale of property. (a) Except as provided in paragraph (b), any moneys derived from the sale of property by the bank shall be retained by the bank for the purposes and operations thereof. (b) The board may use all or any part of the proceeds from the sale […]
12-5911. Same; advisory committees; establishment. The board may establish separate neighborhood or city advisory committees consisting of persons living or owning property within the county, city or neighborhood. In the case of neighborhood advisory committees, the board shall determine the boundaries of each neighborhood. In the absence of a resolution by the board providing otherwise, […]
