MOUNT VERNON — The Knox County Land Bank can move to take a property on its own initiative, or act on the request of an outside party.
The land bank approved its policies and procedures at a special meeting Friday. The 15-page document provides guidelines for acquisition and disposition of properties by the land bank.
The document was crafted by Jeffry Harris, Area Development Foundation president, from policies in place in the Lucas County Land Bank and the Western Reserve Land Conservancy.
The land bank may move on a property when a qualified, interested party requests a property for acquisition and development. The land bank can take the property, then pass it on to the interested party, if they meet requirements set by the land bank.
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