As used in this article, the term: “Agreement” means: An interlocal cooperation agreement entered into by the parties pursuant to this article; or A resolution of a consolidated government establishing an authority pursuant to this article. “Authority” means the land bank authority established pursuant to this article. “Parties” means the parties to the agreement, which […]
One or more cities and the county containing such cities may enter into an interlocal cooperation agreement, or a consolidated government may adopt a resolution, for the purpose of establishing a land bank authority pursuant to this article. The authority shall be a public body corporate and politic with the power to sue and be […]
The authority shall be governed by a board composed in such a manner as to provide two members to represent each party: two appointed by the mayor of each party city and two appointed by the county commission of the party county. An authority established by resolution of a consolidated government shall be governed by […]
The authority shall hold in its own name, for the benefit of the parties, all properties conveyed to it by the parties, all tax delinquent properties acquired by it pursuant to this article, and all properties otherwise acquired. It shall be the duty of the authority to administer the properties acquired by it as follows: […]
If any party obtains a judgment for taxes against a tax delinquent property within the party county, any of the party cities, or the boundaries of the consolidated government and the property is ordered sold at a tax sale to satisfy the judgment, the authority may tender one bid at such sale, and such bid […]
The authority may foreclose the right of redemption to the property conveyed to the authority pursuant to a tax sale conducted in accordance with Article 1 of this chapter in the following manner: The record title to the property shall be examined and a certificate of title shall be prepared for the benefit of the […]
