2021 Madison Resolution 21-00413 Authorizing the Creation of a City Land Bank

This Resolution authorizes the creation of the City of Madison Land Bank and approves the City of Madison Land Banking Fund. The Land Banking Fund's policy, attached to this document, establishes guidelines to inform how real estate will be acquired and how uses of acquired property will be prioritized when identifying potential acquisition sites. The purpose of this resolution is to allow the acquisition of land and buildings that could be used for future economic development, affordable housing projects, and other City uses.