Title 2 - Administration and Personnel

2.70 Land Bank

2.70.030 Land Bank Board of Trustees; Appointment, Terms and Dissolution.

  1. A.
    There is hereby established a Land Bank Board of Trustees. The Board shall be composed of the entire membership of the Governing Body of the City, ex officio, who shall be the voting members, and one additional member appointed by the Mayor who shall be a non-voting member and who shall be a City staff member.
  2. B.
    The term of office of each voting member of the Board of Trustees shall be coterminous with that member's term of office on the Governing Body of the City. The non-voting member of the Board of Trustees shall serve at the pleasure of the City Governing Body.
  3. C.
    The Bank may be dissolved by ordinance of the Governing Body. In such case, all property of the Bank shall be transferred to and held by the City and may be disposed of as otherwise provided by law.

(History: Ord. LB-2831 §1, 2009; LB-2814 §1, 2009)

Effective on: 1/1/1901