SIDNEY – The Shelby County Land Reutilization Corp. acquired a property on High Street in Port Jefferson and received reimbursement for two properties it demolished.

During the Jan. 19 Land Bank meeting, Director Doug Ahlers reported the Land Bank acquired a property at 304 High St. in Port Jefferson. An individual is looking at potentially purchasing the property, he said, but it likely will need to be demolished.

The Land Bank received $36,912.08 in reimbursement from the Neighborhood Initiative Program for demolition at 632 Second Ave. in Sidney and 310 Enterprise Ave. in Sidney. Ahlers and Treasurer John Coffield said that likely will be the final reimbursement the Land Bank receives from NIP.

The Land Bank has received $1,161,869.02 in reimbursements from NIP.

At the end of December, the Land Bank had a checking balance of $457,710.52, Coffield said. It had $14,029.55 in expenses in December, with $13,729.55 for demolition of 310 Enterprise Ave. in Sidney.

The Land Bank has acquired a total of 93 properties, 77 of which were demolished, 14 of which were sold, and two of which are still awaiting action by the group.

There are several properties in foreclosure including a property owned by Gary Waters at 326 W. Park St. in Sidney, a property owned by Richard Dulaney at 16999 County Road 25A in Botkins, a property owned by Larkin Davis at 212 Sophia Ave. in Sidney, a property owned by John Deeter on Main Street in Port Jefferson and a property owned by Billy Schloss in Port Jefferson.

The properties at 326 W. Park St. in Sidney and 16999 County Road 25A in Botkins will be sold through a sheriff’s sale. The property at 212 Sophia Ave. in Sidney will be sold through the Land Bank. It hasn’t been decided how the Land Bank would proceed with the other two properties.

The Land Bank’s next meeting is scheduled for 1:30 p.m. Feb. 16 in the Shelby County Annex.