The City of Winfield is establishing a land bank to help manage distressed properties and provide opportunities for land development. The land bank would allow the city to clear up title issues, set aside land for future development, sell properties, freeze special assessments, remove back taxes and make properties tax exempt until they are sold, according to a copy of the ordinance establishing the land bank. The land bank would be governed by an appointed board of trustees, consisting of the entire city commission as voting members, and one city employee appointed by the commission as a non-voting member.
Source: Cowley CourierTraveler
