The Evansville Land Bank Corporation held its regular monthly meeting on Friday, June 12, 2026, at 9:30 AM. The board approved minutes from the May 15, 2026 meeting and the financial statements, discussed several property matters, and made decisions on property sales, donations, and maintenance contracts.
All right. Let's call the Evansville Land Bank Corporation June meeting. It's Friday, June 12th. It's 9:30 AM. Welcome everybody. In your package, you have a copy of the meeting minutes from May 15th, 2026. Everybody had a chance to take a look at them and see if there's any changes. I'll make a motion to accept. Same. Any discussion? All in favor? Okay. Any opposed? Same sign. Okay. Jessica, we've got the financial statements to be walked through. You don't mind? Yes. Let's start with the profit and loss comparison of May 2026. There's no income to report, but it will say that the May contribution from the city was deposited June 3rd. So you'll see that on next month's report. Expenses include Evansville Vanderburgh County Building Authority Building Building Maintenance Management at 401 North Main. So the April expenses, the quarterly billing of Alpha Energy, and some mounts electric work on the parking lot lights and canister lights along the building. It actually looks really, really nice now. It's lit up in the evenings. It's a huge difference. Under demolition expenses, you see the 7,553 payment to stimulate excavating for the demolition of 1617 West Florida Street. Independent Contractor Services, that's the May 2026 land bank inspector fee. Down on to equipment leases and purchases, that's the April 2026 printer lease and copier charges. Lawn care and debris removal. We're now into our maintenance season. The 12,000 you see there is the first three rounds of 2026 lawn maintenance. There was a liability insurance renewal. Property maintenance miscellaneous charge was the publishing fee for the legal ad of the notice to bidders for the 2026 lawn maintenance and debris removal. Notice we put out utilities include April water, April and May Center Point, March and April cell phone charges, and the May internet at 401 North Main, and then workers' comp insurance that's annual renewal there. And that's all I have to report on that. You turn it over to the balance sheet comparison. Not a lot of changes here, but I will say DMD finance manager Brian Pace and I did meet with German American Wealth Management to discuss moving the funds as the board approved at the last meeting to meet the FDIC insured limits. We're working on opening the count at German American Wealth Management now for the pipeline funds and getting funds moved from Indiana members over to German American. It's in progress. Anyone have any questions? Is the 12,000 going to be expected to be each month during this? It's 4,000 every two weeks. They mow every two weeks and 4,000 is the with the current amount of properties we have. What is the fee? Yes. Okay, so it just hit that we have three 4,000 in the same month. Correct. So it's typically eight on average. Okay.