To the extent of funds available, the land bank agency shall maintain all of its real
property in accordance with the city ordinances. The city has had the burden of paying
for the maintenance and demolition of properties held by the land trust, and there
is much accumulated deferred maintenance on the properties previously held by the
land trust. The land bank agency shall promptly evaluate the inventory as provided
to it by the Land Trust, or pursuant to the sheriffs foreclosure sale under the Land
Tax Collection Law, and develop priorities among those properties for demolition,
repairing critical structural envelope elements, such as the roof, if the building
is deemed salvageable, and secure the structures from entry to the extent possible.
(
Ord. No. 120779, § 1, 9-20-12
)
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