SHELBY COUNTY LAND BANK

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1 SHELBY COUNTY LAND BANK Dawn Kinard - Administrator 584 Adams Ave Memphis, TN

2 SHELBY COUNTY LAND BANK Mission Statement To return tax delinquent properties back into productive use as quickly as possible in an effort to preserve property values, encourage redevelopment, revitalize neighborhoods, minimize blight, maximize our tax base and reduce tax-supported expenses.

3 SHELBY COUNTY LAND BANK Responsibility As the Real Estate arm to Shelby County: provide services as they relate to disposal of DTP s, leasing, property rights, acquisition and disposal of real property.

4 ESSENTIAL ELEMENTS CLEAR UNDERSTANING OF THE TAX COLLECTION AND FORECLOSURE PROCESS EMPHASIS ON COMMUNITY ENGAGEMENT AND PARTICIPATION AGGRESSIVE MARKETING POLICY DRIVEN MAXIMUM PRODUCTIVITY - TIMELY RESULTS - CUSTOMER SATISFACTION

5 SHELBY COUNTY LAND BANK CHANCERY COURT CONDUCTS TAX SALE CONFIRMATION FROM THE COURT ONE YEAR REDEMPTION PERIOD LAND BANK RECEIVES FINAL LIST ASSESS PRICE - INVENTORY NOTIFY - ADVERTISE - MARKET SELL DONATE CLOSE

6 NEW PATHWAYS FOR PROPERTY Maintenance Demolition Environmental Cleanup Rehab Redevelopment Urban Gardens Parks Green Space Sell Donate - Close

7 TAKING BACK OUR NEIGHBORHOOD! Effective Land Use Plan Local Ownership Improve Quality of Life Improve Living Conditions Reduce Blight and Crime Provide Affordable Housing Provide Green Space Community Gardens and Parks Promote Economic Development Maximize Land Reutilization Promote Community Revitalization

8 PROMOTING COMMUNITY INVOLVEMENT Social Interaction Beautifies Neighborhoods Provides Nutritious Food Reduces Family Food Budget Recreation Exercise Reduces Crime and Blight Provides Green Space Intergenerational and Cross Cultural

9 URBAN GARDENS

10 NEIGHBORHOOD CLEANUP Reduces Blight and Crime Promotes Community Revitalization Promotes Sustainability Improves Quality of Life

11 CREATING PARTNERSHIPS Pro-active approach to assist in reducing crime and eliminating illegal activity

12 Where are the Properties? MUNICIPALITY Number of Properties % of Inventory City of Memphis 4, % Unincorporated Shelby Co % City of Bartlett % City of Millington % City of Collierville % City of Germantown % City of Arlington % City of Lakeland %

13 Cost to Shelby County CUT & CLEAN 4,943 Properties in Inventory 1,350 Properties in Redemption 6,293 Total Properties COST PER PROPERTY PER YEAR $ (2 cut / clean per year) TOTAL CUT & CLEAN COST $1,258,600.00

14 Cost to Shelby County DEMOLITION / BOARD-UP / SECURE 100 Properties Per Year COST PER PROPERTY PER YEAR $2, TOTAL DEMOLITION / BOARD-UP / SECURE $250,000.00

15 Cost to Shelby County TOTAL ANNUAL MAINTENANCE COST $1,508,600.00

16 WHERE DOES THE MONEY GO SHELBY COUNTY PROPERTY TAX PAYMENTS CHANCERY COURT COST RECORDING FEES CITY OF MEMPHIS PROPERTY TAX PAYMENTS REVENUE TO GENERAL FUND TOTAL DISBURSEMENTS AND REVENUE GENERATED $1,185, $58, $9, $269, $457, $1,980,172.08

17 SHELBY COUNTY LAND BANK How do I purchase or request a donation of property from the Shelby County Land Bank?

18 SHELBY COUNTY LAND BANK Find a property Call one of our agents & request status Agree on a price Make an appointment Bring in deposit & ad/processing fees.

19 SHELBY COUNTY LAND BANK Sign offer or request for donation forms SCLB will run ad Bid off (if applicable) County Commission approval Schedule closing

20 SHELBY COUNTY LAND BANK Properties for Sale or Donation Properties include: Vacant Lots, Houses, Condos, Commercial Buildings, throughout the City of Memphis and Shelby County For a list of properties, updated monthly, visit our website: or pick up a list: Shelby County Land Bank Office 584 Adams Monday thru Friday from 8:00am to 4:30pm. Check out our Monthly Specials!! Reduced for Quick Sale!!!!!! For information about the Shelby County Land Bank, submitting an offer to purchase or requesting a donation of property, contact one of our agents: Mike Blackwell (901) Bob Word (901) Mitzi Turnage (901)