The Evansville Land Bank Corporation held its regular monthly meeting on Friday, September 18, 2026, at 9:30 AM in Room 301 of the Civic Center Complex. The board addressed routine approvals, property sales, a tax sale update, and authorized several actions, including a new demolition contractor selection process.
Good morning, welcome to the Evansville Land Bank Corporation Friday, September 18th meeting. Thank you all for joining us today. Given that we have a quorum, we are in session. Begin with approval of the minutes that were emailed to earlier this week. Does anyone have any questions, concerns, uh amendments to the meeting minutes that were provided from our last meeting? I'll make a motion to accept the meeting minutes. Second. The motion and a second. All in favor, aye. Aye. Any opposed? Thank you. Next up are our August 2026 financial statements that uh were emailed as well. Can you run through briefly on these? Yes, I'll just list what the items you see on the profit and loss comparison are. This is from August. The income you see is the city grants, that's the July and August monthly installment of the allocation from the city. Sale of property was the sale of six properties to community one. In the expenses category, you'll see the building maintenance of EBCBA. That's uh the July expenses for housekeeping and maintenance at the land bank office. Legal fees are the July legal fees. Demolitions, that is the reimbursement to code enforcement for the demo of 606 East Michigan. If you recall the last round of demos, we decided to just let code enforcement go through with their demolition since they were had it in the process already. Independent contractor services, that's the August land bank inspector fee and cleanup at four lots. Equipment leases and purchases is the monthly printer lease and copier charges. Mowing payroll, you see there, that's the payment to action staffing for the last pay period for the land bank intern. Miss Him. Utilities. Utilities include the Internet Monthly Internet, Monthly, Water and Sewer, and Monthly Center Point. And then on the balance sheet comparison, I really don't have any notes this time around, but if anyone has any questions, let me know. Would anyone be willing to make a motion to accept the financials that were presented? I'll make that motion. Thank you. With a motion and a second. Any further questions? All in favor indicate by aye. Aye. Aye. Any opposed? Those are accepted. We have an update on the Baird Park. If I may um go back to financial information, I don't have other financial on the agenda. However, um if I could get the board's authorization to move the matured CD of 100,000 that we did decided not to reinvest last month into move it from German American Wealth Management to land banks business checking at Indiana members. Um that would cover most of the cost of our uh tax sale properties that we're writing a tax check for today. I think that's uh prudent. Would someone make a motion to move the was it a it's um a hundred hundred thousand dollars it's sitting in a money market account right now, so it's just hundred thousand dollars in the money market account into the business account of the checking account of land bank. I'll second. All right. The motion and a second, any further discussion? All in favor, aye.