Commissioners 04-21-2026 [10:25-12:27]

We've also paid taxes, and so we paid about 35,000 in property tax because we can't always get the assessment exemption done in time, so we have to pay the taxes on that. So the land bank has been returning back to the counties by paying the taxes that way. But from when we looked at all the property that's acquired, there's a value of around $564,000, but it's estimated to generate $3,675,000 and assess value with the improvements that are being proposed on the properties that we're looking at. And then one of the most exciting things, and actually we had a groundbreaking this morning, is that we're building a home partnering with Martin County Redevelopment Commission. So land banks putting up some dollars of Martin County Redevelopment Commission putting up some dollars, and we're gonna build a house. So we're taking the properties, we're cleaning them up, and then when we get an opportunity to build a home, we're gonna build a home. When we got an opportunity to get a developer to build a home, we're gonna let them build a home. But really we're trying to be that catalyst to spur on redevelopment or that neighborhood to start cleaning itself up. So there's a lot of lessons learned that we've had with the land bank acquiring a piece of property can take nine to 18 months, even if it's a donation, it's six to nine months. So there's a lot of waiting around, and that's where we often look bad, is because we'll take control of a piece of property, even we can't go on that property for a year. And so there's mowing leans and other maintenance that we would love to get to, but we just not legally able to. There's no two properties alike. Every single one of these properties has had its unique challenges. And with leans to clean up, with just asbestos, lead, falling in roofs, cats,