A.
Pursuant to 68 Pa.C.S.A. § 2104, the Council of the City of Hazleton hereby authorizes the creation of a public body corporate and politic to be named the "City of Hazleton Land Bank."
B.
The purpose of this chapter is to create the City of Hazleton Land Bank that will use available resources to facilitate the return of vacant, blighted, abandoned, and tax-delinquent properties to productive use, thereby combating community deterioration, and creating economic growth and stabilizing the housing and job market.
C.
The Land Bank will acquire, hold, and transfer interest in real property throughout the City of Hazleton, as approved by its Board of Directors, in ways that are consistent with the goals and priorities established by this chapter, local government partners, and other community stakeholders, as follows:
D.
The City of Hazleton and the Redevelopment Authority of the City of Hazleton will identify all surplus vacant property owned by these entities that they wish the Land Bank to acquire.