PURPOSE AND ORGANIZATION
The purpose of the Land Bank shall be to efficiently acquire, manage and transform vacant, abandoned, nuisance, dangerous, and/or tax-foreclosed property into productive use in conformance with Kansas statutes and City Ordinance. The Land Bank shall be governed by a Land Bank Board of Trustees (hereinafter referred to as “the Board”), which consists of the Board of City Commissioners of the City of Arkansas City, Kansas.
The Mission of the Arkansas City Land Bank is to efficiently acquire, manage and transform vacant, abandoned, nuisance and/or tax-foreclosed properties into productive use benefiting the community.
1. Expand and grow the tax base of the community.
2. Strengthen and improve Arkansas City neighborhoods.
3. Support home ownership.
4. Promote the construction of infill housing to reduce and eliminate blight.
5. Operate in an effective and efficient manner as stewards of the public trust.
6. Advance the economic and social interest and well-being of the City of Arkansas City and its residents.
7. Transfer ownership of blight/nuisance properties with no known legal owner to a responsible, tax-paying owner.
8. Reduce the number of properties under current violation by the City of Arkansas City Neighborhood Services Division.
The policies of the land bank are found in the Policy Directives set forth by the Land Bank Board of Trustees. That document can be found at the link below:
Land Bank Policy Directives
A short synopsis of those Directives are below.
Requirements of Purchasers:
Purchasers shall not be delinquent on any licenses or taxes in Cowley County and not have a history of code enforcement violations. Unless the property is deemed inappropriate for new construction, all purchasers of property acquired from the Land Bank shall obtain a valid building permit from Arkansas City, Kansas, to construct a new building on the property within six (6) months from the date of deed transfer to the purchaser. All property acquired from the Land Bank shall be subject to regular ad valorem taxes levied by all taxing entities within Cowley County, Kansas, unless otherwise abated by an applicable Neighborhood Revitalization Plan or other tax abatement proceeding or agreement. Purchasers of property shall remain current on all ad valorem taxes during all time the property in question may be eligible for an abatement, otherwise ownership of the property may revert back to the Land Bank. All property acquired from the Land Bank must be properly maintained with no notices for code violations for a period of one (1) year, otherwise ownership of the property may revert back to the Land Bank.
Requirements of Sellers:
In order for the Land Bank Board of Trustees to accept property into the land bank, the property must support the mission and goals of the Land Bank, especially concerning a property that does not sell at a Tax Foreclosure Sale by Cowley County and which retains outstanding special assessments levied by the City of Arkansas City and/or taxes. The property must be marketable and useful for redevelopment among a number of other factors that the Board of Trustees will examine.