A land bank authority would acquire distressed, unwanted properties, typically those in tax foreclosure, and rehabilitate and try to resell them to put them back on the tax rolls and help spur economic activity.
Budget committee Chair Joe Sabatini said he is pleased with the overall outcome, with the general fund an approximately 5% increase from his year despite county-employee average salary increases of 6%.
The county Board of Commissioners’ Finance, Budget and Audit Committee conducted its annual meeting to add or subtract expenditures from the proposed $322-million 2024 budget proposed by County Executive Mark Hackel before final approval of the $1.1 total billion budget next Monday.
The $8-million structure, located on the banks of the Clinton River waterfront along North Gratiot Avenue near Crocker Boulevard, is slated to open next month.