The Harrisburg Land Bank shall have the following powers and
duties:
A.Â
To develop stewardship and management plans for each acquired interest
not inconsistent with or detrimental to the purpose/rationale which
justifies its acquisition; and
B.Â
To supervise the management of the property interests acquired; and
C.Â
To develop annual reports of Land Bank activity; and
D.Â
To conduct real property appraisals; and
E.Â
To negotiate real property purchases or trades; and
F.Â
To provide for a system of accounting; and
G.Â
To adopt, amend and/or repeal policies and procedures for contracting
and procurement; and
H.Â
To borrow money from private lenders, from cities or counties, from
the state or from the federal government funds to further or carry
out the Harrisburg Land Bank's public purpose by executing leases,
trust indentures, trust agreements, agreements for the sale of notes,
loan agreements, mortgages, deeds to secure debt, trust deeds, security
agreements, assignments, and such other agreements or instruments
as may be necessary or desirable, in the judgment of the Land Bank,
to evidence and to provide security for such borrowing; and
I.Â
To make application directly or indirectly to any federal, state,
county, or municipal government or agency or to any other source,
whether public or private, for loans, grants, gifts, guarantees, labor,
or other aid or financial assistance in furtherance of the Land Bank's
public purpose and to accept and use the same upon such terms and
conditions as are prescribed by such federal, state, county or municipal
government or agency or other source; and
J.Â
The City hereby assents to real estate tax payment allocation to
the Land Bank for properties returned to the tax rolls after Land
Bank ownership with regard to City real estate taxes to the extent
allowed by state law and the Land Bank is authorized to seek allocation
of real estate taxes on return of land to the tax rolls after Land
Bank ownership by agreement with other applicable taxing authorities;
and
K.Â
All other powers and duties provided for, authorized or allocated
under Section 2107 of Act 153 of 2012, 68 Pa.C.S.A.§ 2107.
