Senator Fedor supports new Lucas County Land Reutilization Corp.
Columbus – Today, Senator Teresa Fedor (D-Toledo) expresses her support for the newly-established Lucas County Land Reutilization Corporation. The Lucas County Board of Commissioners unanimously approved legislation to create the land bank earlier this afternoon.
The Lucas County Land Reutilization Corporation will be able to purchase and upgrade neglected properties, and quickly return them to the market. The program will be funded with dollars accrued from an increased interest rate for delinquent taxpayers.
A long-time advocate of land banks, Senator Fedor said today, “It is my hope that the Land Reutilization Corporation begins work as soon as possible. I am thrilled that the County Board of Commissioners acted so quickly on this important legislation. This is a big step for Lucas County in its efforts to restore struggling neighborhoods.”
This year, Senator Fedor worked with State Representative Peter Ujvagi on House Bill 313, to enable counties with populations greater than 60,000 to organize a county land bank. Once a land bank is established, it purchases foreclosed and abandoned properties within the county so that the property can quickly be returned to the market. The bill passed with bipartisan support and was signed into law by Governor Ted Strickland on April 7 this year. Peter Ujvagi presently serves as Lucas County Administrator.