The purpose of the Overbrook Land Bank is to return tax delinquent, abandoned, foreclosed, and blighted properties to productive use, benefitting the community. When considering proposals to the Land Bank, preference will be given to projects that support home ownership, improve the neighborhoods, and otherwise advance the economic and social interests of the City of Overbrook, Kansas, and its residents.

(Ord. 425)

(a)   City means the City of Overbrook, Kansas.

(b)   County means the County of Osage, Kansas

(c)   Board means the board of trustees of the Land Bank established pursuant to this article.

(d)   Land Bank means the Land Bank established pursuant to this article.

(e)   Governing Body means the Governing Body of the City of Overbrook.

(f)   Municipality means any city, county or other political or taxing subdivision which has the power to levy special assessments.

(Ord. 425)

There is hereby established pursuant to the K.S.A. 12-5901, et seq., the Overbrook Land Bank.

(Ord. 425)

(a)   There is hereby established a Land Bank Board of Trustees (“Board”). The Board shall be comprised of the entire membership of the Governing Body of the City, ex officio, who shall be voting members. Additionally, non-voting members of the Board may be appointed by the Mayor. Members of the Board shall receive no compensation.

(b)   The term of office for voting Board members shall be for the period they are an official to the Governing Body. Non-voting members shall have a term of 4 years.

(c)   The Governing Body may advance operating funds to the bank to pay expenses of the Board of Trustees and the Land Bank. Members of the Board shall receive no compensation but shall be paid their actual and necessary expenses in attending meetings and in carrying out their duties as members of the Board.

(d)   City staff will provide technical and professional support for Land Bank operations; additional support may be contracted as deemed necessary.

(e)   The Bank may be dissolved by Ordinance of the Governing Body. In such case, all property of the Land Bank shall be transferred to and held by City and may be disposed of as otherwise provided by law.

(Ord. 425)

(a)   The Land Bank Board of Trustees shall have the following powers and duties:

(1)   To sue and be sued;

(2)   To enter into contracts;

(3)   To appoint and remove staff and provide for the compensation thereof;

(4)   To acquire, by purchase, gift or devise, and convey any real property, including easements and reversionary interests, and personal property subject to the provisions of this article and state law.

(5)   To rebate all, or any portion thereof, the taxes on any property sold or conveyed by the Land Bank;

(6)   To exercise any other power which may be delegated to the Land Bank by the Governing Body; and

(7)   To exercise any other incidental power which is necessary to carry out the purposes of the Land Bank, this article, and state law.

(b)   Any property acquired by the City, County, or any other taxing subdivision within the City or County may be transferred to the Land Bank. The Board may accept or refuse to accept any property authorized to be transferred pursuant to this article or state law. The transfer of any property pursuant to this subsection shall not be subject to any bidding requirement and shall be exempt from any provision of law requiring a public sale.

(c)   The fee simple title to any real estate which is sold to Osage County in accordance with the provisions of K.S.A. 79-2803 and 79-2804, and amendments thereto, and upon acceptance by the Board may be transferred to the land Bank by a good and sufficient deed by the county clerk upon a written order from the Board of County Commissioners.

(d)   The Board shall assume possession and control of any property acquired by it under this article or state law and shall hold and administer such property. In the administration of property, the Board shall:

(1)   Manage, maintain, and protect or temporarily use for a public purpose such property in the manner the Board deems appropriate;

(2)   Compile and maintain a written inventory of all such property. The inventory shall be available for public inspection and distribution at all times;

(3)   Study, analyze and evaluate potential, present and future uses for such property which would provide for the effective reutilization of such property;

(4)   Plan for and use the Board's best efforts to consummate the sale or other disposition of such property at such times and upon such terms and conditions deemed appropriate;

(5)   Establish and maintain records and accounts reflecting all transactions, expenditures and revenues relating to the Land Bank's activities, including separate itemizations of all transactions, expenditures and revenues concerning each individual parcel of property acquired; and

(6)   Thirty days prior to the sale of any property owned by the Land Bank, publish a notice in the official City newspaper announcing such sale.

(Ord. 425)

(a)   The Land Bank shall be subject to the provisions of the cash-basis law, K.S.A. 10-1101 et seq., and amendments thereto.

(b)   The budget of the Land Bank shall be prepared, adopted, and published as provided by law for other political subdivisions of the state. No budget shall be adopted by the Board until it has been submitted to, reviewed, and approved by the Governing Body.

(c)   The Board shall keep accurate accounts of all receipts and disbursements. The receipts and disbursements of the Board shall be audited yearly by a certified or licensed public accountant and the report of the audit shall be included in and become part of the annual report of the Board.

(d)   All Land Bank records and accounts shall be subject to public inspection pursuant to K.S.A. 45-216 et seq., and amendments thereto.

(e)   Any moneys of the Land Bank which are not immediately required for the purposes of the Land Bank shall be invested in the manner provided by K.S.A. 12-1675, and amendments thereto.

(f)   The Land Bank shall make an annual report to the Governing Body on or before January 31 of each year, showing receipts and disbursements from all funds under its control and showing all property transactions occurring in each year. Such report shall include an inventory of all property held by the Land Bank. A copy of such inventory also shall be published in the official City newspaper on or before January 31 of each year.

(g)   The Land Bank shall be subject to the statutory requirements for the deposit of public money as provided by K.S.A. 9-1401 et seq. And the amendments thereto.

(h)   The Board, without competitive bidding, may sell any property acquired by the Board as such times, to persons, and upon such terms and conditions, and subject to such restrictions and covenants deemed necessary or appropriate to assure the property's effective reutilization. The sale of any real property by the Board, under the provisions of this article or state law, on which there are delinquent special assessments to finance public improvements shall be conditioned upon the approval of the Governing Body.

(i)    The Board, for purposes of land disposition, may consolidate, assemble, or subdivide individual parcels of property acquired by the Land Bank.

(j)    Until sold or otherwise disposed of by the Land Bank and except for special assessments levied by the City to finance public improvements, any property acquired by the Land Bank shall be exempt from the payment of ad valorem taxes levied by the state and any other political or taxing subdivision of the state.

(k)   Except for special assessments levied by a municipality to finance public improvements, when the Board acquires property pursuant to this article and state law, the county treasurer shall remove from the tax rolls all taxes, assessments, charges, penalties, and interest that are due and payable on the property at the time of acquisition by the Board.

(l)    Property held by the Land Bank shall remain liable for special assessments levied by a municipality to finance public improvements, but no payments thereof shall be required until such property is sold or otherwise conveyed by the Land Bank.

(m)  The Governing Body of any municipality which has levied special assessments on property acquired by the Land Bank may abate part or all of the special assessments, and the Land Bank and the Governing Body may enter into agreements related thereto. Any special assessments that are abated shall be removed from the tax rolls by the County Treasurer as of the effective date of the abatement.

(n)   Any monies derived from the sale of property held by the Land Bank shall be retained by the Land Bank for the purposes and operations thereof; provided, however, that the Board may use all or any part of the proceeds from the sale to reimburse the City for delinquent special assessments due on such property.

(Ord. 425)

(a)   The Board shall select annually, from its membership, a chairperson, a vice-chairperson, and a treasurer. The treasurer shall be bonded in such amounts as the Governing Body may require.

(b)   The Board may appoint such officers, agents, and employees as it may require for the performance of its duties and shall determine the qualifications and duties and fix the compensation of such officers, agents and employees.

(c)   The Board shall fix the time and place at which its meetings shall be held. Meetings shall be held within the city of Overbrook and shall be subject to the provision of K.S.A. 75-4317 et seq., and amendments thereto.

(d)   A majority of the Board shall constitute a quorum for the transaction of business. No action of the Board shall be binding unless taken at a meeting at which at least a quorum is present.

(e)   The members of the Board shall be subject to the provisions of the laws of the state of Kansas which relate to conflicts of interest of county officers and employees, including, but not limited to, K.S.A. 75-4301 et seq., and amendments thereto.

(f)   Subject to the provisions of K.S.A. 75-6101 et seq., and amendments thereto, if any action at law or equity, or other legal proceeding, shall be brought against any member of the Board for any act or omission arising out of the performance of duties as a member of the Board, such member shall be indemnified in whole and held harmless by the Board for any judgement or decree entered against such member and, further, shall be defended at the cost and expense of the Bank in any such proceeding.

(Ord. 425)