The Evansville Land Bank Corporation held its regular monthly meeting on July 17, 2026, at 15:45 UTC. The board approved routine financials, discussed progress on a major development in the 500 block of Baird Park Drive, ratified an emergency tree removal, and heard an intern's analysis of the land bank's performance and public identity.
Good morning, everyone, and welcome to the Evansville Land Bank Corporation Friday, July 17th meeting. Thank you for joining us today. We'll begin with the approval of the minutes. Minutes were emailed to you by Jessica earlier this week. Does anyone have any uh comments, concerns, or adjustments to the minutes that were provided? Hearing none, would someone make a motion to accept these as um approved? I'll make a motion to approve. Second. We have a motion and a second. All in favor. Aye. Aye. Any opposed? Thank you. Uh Jessica, would you run through the financials, please? Okay. Yes. Okay. Uh, let's start with the profit and loss comparison from June. Um, in the income, you will see the May and June monthly installments of the allocation from the city. Um sale of properties was the sale of 106 Jefferson down to expenses. The April legal fees are reflected there. Um, the June land bank inspector payment of 2700. Lawn care and debris removal is around four mowing. 4,000. Uh the payroll you see there, that's the first payment to um action staffing for the summer intern payroll management and utilities include the internet service and Evansville Water Sewer Utility at 401 North Main. Any questions? Next page is the balance sheet comparison as of June 30th, 2026. Um Indiana Members Credit Union is still sitting at 252, 893 79. I am in the process of communication with both banks to move 200,000 to the German American money market account, which we have opened. Um the Indiana Members Credit Union regular business checking has 461, 9106 as of June 30th. And in those same discussions, we will be moving 285,000 to the German American Laddered Investments. So that will leave um 230,000 over at Indiana Members' Credit Union, which is a little bit below the 250 to give some room for monthly allocations from the city. Um the German American bank investments management account you see there has 501035.51 cents. Those are all laddered in CDs at various financial institutions and then over 200,000. And that is all I have to report on that. Any questions? Would someone make a motion to accept the financials as presented? Thank you. We have a motion and a second. Any further discussion? All in favor of accepting the financials. Aye. Aye. Any opposed? Thank you. All right. Old business. 500 block Baird Park Drive. We have it appears Ryan Dement in attendance today virtually to give any updates on the 500 block of bear park drive properties that were acquired from the land bank.