Mankato adopts Land Bank – What This Means for You
April 16, 2020
The City of Mankato adopted a land bank ordinance in 2019. What could this mean for assisting property owners, supporting clean-up of properties and providing a tool to tackle projects in Mankato? A land bank is established by an ordinance within a city and then governed by an appointed board. Those currently serving on the Mankato Land Bank Board include Susan Abel of the Mankato City Council as well as, Nadine Smith, Wade Alexander and Jack Alcorn.
Properties in the land bank go off the tax roll while in the land bank and default to the city’s liability insurance. By addressing dilapi...