By Kimberly Pistone
For the Sidney Daily News
SIDNEY – The Shelby County Land Reutilization Corp. (Land Bank) discussed the status of properties at a meeting on Aug. 15.
According to Director Doug Ahlers’s report, the Land Bank has acquired a total of 114 units, of which 80 units have been demolished and 72 have been disposed of using various means. There are currently four residential properties in foreclosure – two in Sidney, one in Port Jefferson, and one in Montra with a Port Jefferson address. The Montra property was sold by the owner to a renovation company while it was in foreclosure, and the Land Bank was able to collect $2,000 for expenses incurred. There is a property in Sidney that needs to be demolished, but the Land Bank is waiting for funds to do so. Also, they sold a property in Sidney to a neighbor during the month of July.
An individual has contacted the Land Bank in order to donate a property, and once the estate is settled they will pursue acquisition.
The Wagner Building asbestos abatement has started and is moving along as anticipated. The CSX Railroad is reviewing plans regarding a building that encroaches on the railroad property. The Land Bank is waiting for their response. Phase I should be completed by December 23, 2023.
The Land Bank has a balance of $551,399.75, including a loan from the Shelby County Commissioners.
The next meeting will be held on Tuesday, Oct. 17, at 1:30 p.m. in the Commissioners’ meeting room.