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Land Bank Agency

Regular Meeting

Blue Springs, MO · October 17, 2022

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Minutes

CITY OF BLUE SPRINGS, MISSOURI MINUTES OF LAND BANK MEETING OCTOBER 17, 2022 A meeting of the Land Bank of Blue Springs, Missouri was held on Monday, October 17, 2022 at 3:00 p.m. with Chairman May presiding. COMMISSIONERS IN James May, Chair Tracy White-Baldridge ATTENDANCE Jennifer Irey Kirk Sampson Rodney Hill Also present were Staff Liaisons Christine Cates, Sarah Carnes, Adam Hilgedick, Mike Mallon, Mike Ekey, Lance Dillenschneider, realtor and Board Secretary Julia Porter. CALL TO ORDER AND Chair May called the Land Bank meeting to order at 3:00 p.m. The CONFIRMATION OF A Board Secretary confirmed a quorum of the Lank Bank was present. QUORUM APPROVE BOARD Commissioner Irey moved to approve the minutes of the September MINUTES 19, 2022 Meeting of the Land Bank of Blue Springs. Motion seconded by Commissioner Hill and carried with the following votes: --------------Sampsol'"l~Ay--- - - - - - - l r - e y - - - A y e - - - - - - - - - - - ~ White-Baldridge - Aye Hill - Aye May-Aye STATUS UPDATE ON Board Secretary Julia Porter gave the staff update on the replat of PARCEL 2013-28 Land Bank Parcel 2013-28-36-940-15-01-01-0-00-000. Ms. Porter reviewed the updates included in the Memo, having been previously made available to the public as an attachment to the meeting agenda. QUARTERLY Christine Cates presented the Land Bank Quarterly Financial FINANCIAL Statements for the Fourth Quarter of Fiscal Year 2021-22. The STATEMENTS Financial Statements were previously made available to the public as an attachment to the meeting agenda. LAND BANK ANNUAL Julia Porter, Board Secretary presented the Land Bank Annual REPORT FY 2021-22 Report FY 2021-22 to the Board and responded to questions. The Annual Report was previously made available to the public as an attachment to the meeting agenda. CLOSED SESSION At 3:12 p.m., Commissioner White-Baldridge moved that the Land Bank go into closed session pursuant to Section 610.021, subparagraph (2), Revised Statutes of Missouri, for the purpose of privileged communications between a governmental body for its representative and legal counsel including real estate, and that any minutes, documents and other records discussed or taken during the closed session remain closed, and that this body stand adjourned at October 17, 2022 Land Bank Minutes Page 2 the completion of suck session. Motion seconded by Commissioner Hill and carried with the following votes: Sampson - Aye Irey-Aye White-Baldridge - Aye Hill-Aye May-Aye , Board Secretary

Agenda

LAND BANK BOARD MEETING October 17, 2022 3:00 p.m. Training Room 210 City Hall, 903 W Main Street Blue Springs, Missouri 64015 Anyone wishing to address the Land Bank in the Visitors Section of the Agenda, must fill out a Speaker’s Appearance Form. Forms are available online or located at the entrance of the conference room. After completion, the form is to be given to the Board Secretary prior to the start of the meeting. 1. Call to Order 2. Confirmation of a Quorum 3. Approval of the September 19, 2022 Land Bank Meeting Minutes 4. Staff Update on Parcel 2013-28-36-940-15-01-01-0-00-000 5. Quarterly Financial Statements 6. Land Bank Annual Report FY 2021-22 7. Visitors 8. Executive Session – Discussion relating to real estate pursuant to Sections 610.021(2) RSMo Posted Friday, October 14, 2022 at City Hall, 903 W Main Street, Blue Springs, MO and on the City’s website. A quorum of the City Council may be in attendance, however no City Council votes will be taken. Julia Porter Board Secretary CITY OF BLUE SPRINGS, MISSOURI MINUTES OF LAND BANK MEETING SEPTEMBER 19, 2022 A meeting of the Land Bank of Blue Springs, Missouri was held on Monday, September 19, 2022 at 3:00 p.m. with Chairman May presiding. COMMISSIONERS IN James May, Chair Tracy White-Baldridge ATTENDANCE Jennifer Irey – ABSENT Kirk Sampson Rodney Hill Also present were Staff Liaisons Christine Cates, Sarah Carnes, Jackie Sommer, Adam Hilgedick, Mike Mallon, Lance Dillenschneider, realtor and Board Secretary Julia Porter. CALL TO ORDER AND Chair May called the Land Bank meeting to order at 3:03 p.m. The CONFIRMATION OF A Board Secretary confirmed a quorum of the Lank Bank was present. QUORUM APPROVE BOARD Commissioner White-Baldridge moved to approve the minutes of the MINUTES August 15, 2022 Meeting of the Land Bank of Blue Springs. Motion seconded by Commissioner Hill and carried with the following votes: Sampson – Aye Irey – ABSENT White-Baldridge – Aye Hill – Aye May – Aye STATUS UPDATE ON Board Secretary Julia Porter gave the staff update on the replat of PARCEL 2013-28 Land Bank Parcel 2013-28-36-940-15-01-01-0-00-000. Ms. Porter reviewed the updates included in the Memo, having been previously made available to the public as an attachment to the meeting agenda. CLOSED SESSION At 3:08 p.m., Commissioner White-Baldridge moved that the Land Bank go into closed session pursuant to Section 610.021, subparagraph (2), Revised Statutes of Missouri, for the purpose of privileged communications between a governmental body for its representative and legal counsel including real estate, and that any minutes, documents and other records discussed or taken during the closed session remain closed, and that this body stand adjourned at the completion of suck session. Motion seconded by Commissioner Hill and carried with the following votes: Sampson – Aye Irey – ABSENT White-Baldridge – Aye Hill – Aye May – Aye _____________________________ ________________________ James May, Chair Julia Porter, Board Secretary MEMORANDUM DATE: October 14, 2022 TO: Land Bank Commissioners FROM: Julia Porter, Board Secretary SUBJECT: Replat of Parcel 2013-28-36-940-15-01-01-0-00-000 – Blue Springs Reserve A map of the properties with the survey responses is attached. Prior to the Land Bank meeting on September 19, 2022, staff contacted Ms. Humphrey after confirming that Mr. Wilson was not interested in the property adjacent to his existing property. Ms. Humphrey has since confirmed that she is interested in acquiring the additional property. As outlined in the staff update presented at the Land Bank meeting on September 19, 2022 the City’s contractor and staff are working to finalize the conveyance plat that will create fifteen separate tracts along the existing property lines. Next steps: • Conveyance Plat o The Land Bank will need to execute the conveyance plat as the property owner and staff will obtain city signatures o Staff will record the conveyance plat with Jackson County • Neighborhood meeting o Sign preliminary and final plats o Q&A session • Preliminary and Final Plats o The City’s contractor will prepare a preliminary and final plat to merge the new properties o Lot owners will need to sign the plat o Plats will grant drainage easement to City 100 201 1st Street t l nu 105 100 214 Wa 109 129 W 304 300 al 125 306 nu 101 308 t 104 1 122 312 104 108 112 118 105 314 2 316 305 303 110 309 318 3 109 315 Sunnyside School 114 4 113 320 321 105 109 113 117 118 5 121 117 322 500 Moore 204 401 403 125 324 6 121 323 208 405 129 326 7 104 108 201 118 122 Be n 212 400 407 133 tT 8 205 126 re e 411 101 216 404 9 201 209 103 d 220 406 105 109 113 201 130 2n 10 205 415 105 205 213 300 410 209 217 304 11 412 216 12 110 114 200 301 204 208 212 308 414 301 416 13 300 305 312 305 14 304 307 316 109 217 309 113 201 205 209 213 311 320 Chicago 313 308 15 315 304 317 110 300 324 200 204 208 216 312 319 401 400 ID # Owner Name Owner Address US 40 1 WILSON MATTHEW DILLON & ALEXANDRA ELIZABETH 110 SE 2ND ST BLUE SPRINGS, MO 64014 217 2 HUMPHREY TERIN 114 SW 2ND ST BLUE SPRINGS, MO 64014 th 3 DEVORE JENNIFER JEAN 118 SE 2ND ST BLUE SPRINGS, MO 64014 Sou 203 111111 115115 4 SCHULZ JACQUELYNN K 204 SE 2ND ST BLUE SPRINGS, MO 64014 203 5 JENESSEE MARK L & LINDEN E 208 SE 2ND ST BLUE SPRINGS, MO 64014 203 6 OBERKROM PHILLIP & JULIA A 212 SE 2ND ST BLUE SPRINGS, MO 64015 Petition Boundary 7 MILES BEVERLY L-TR 216 SE 2ND ST BLUE SPRINGS, MO 64014 Survey - No 8 WRIGHT TAFFI M 220 SE 2ND ST BLUE SPRINGS, MO 64014 9 SANDERS STACEY J 300 SE 2ND ST BLUE SPRINGS, MO 64014 Survey - Yes 10 GRIMM CLARENCE F & SABRINA L 304 SE 2ND ST BLUE SPRINGS, MO 64014 11 TRUSSELL JOHN 308 SE 2ND ST BLUE SPRINGS, MO 64014 Survey - Undecided / Not Responded 12 MAYO CHRISTOPHER AARON 312 SE 2ND ST BLUE SPRINGS, MO 64014 13 REES L DWANE & BARBARA ELAINE 316 SE 2ND ST BLUE SPRINGS, MO 64015 Date: 9/6/2022 14 ORLEANS DUPLEXES LLC 1850 NW M 7 HWY BLUE SPRINGS, MO 64014 1 inch = 200 feet 15 HANDY DAVID D & LAURA 324 SE 2ND ST BLUE SPRINGS, MO 64015 CITY OF BLUE SPRINGS BALANCE SHEET - LAND BANK FISCAL YEAR 2021-22 FOR THE PERIOD ENDED - SEPTEMBER 30, 2022 CATEGORY LAND BANK ASSETS Cash and investments $ 112,176 Receivables (net of allowances Taxes - Accounts Accrued interest - Interfund receivables - Land 243,504 Prepaid items - TOTAL ASSETS $ 355,680 LIABILITIES Accounts payable $ 35,100 Accrued liabilities - Interfund payable - Long term debt - TOTAL LIABILITIES $ 35,100 FUND BALANCES Reserved for: Encumbrances - Unassigned 320,580 TOTAL FUND BALANCES $ 320,580 TOTAL LIABILITIES AND FUND BALANCE $ 355,680 Page 1 CITY OF BLUE SPRINGS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - LAND BANK FISCAL YEAR 2021-22 FOR THE PERIOD ENDED - SEPTEMBER 30, 2022 CATEGORY LAND BANK REVENUES: Farm Lease $ - Sale of Land 100 Property Taxes 237,133 Interest 2,385 Contributed Capital - Land - Other - TOTAL REVENUES $ 239,618 EXPENDITURES: Current: Personal Services - Materials & Supplies - Contractual Services 239,504 Capital Outlay - Capital Improvements - Debt service: - Principal retirement - Interest and fiscal charges - TOTAL EXPENDITURES $ 239,504 Excess of revenues over (under) expenditures $ 114 OTHER FINANCING SOURCES (USES): Issuance of bonds - Discount on bond issuance Loss on sale of asset - Transfers in Transfers (out) - TOTAL OTHER FINANCING SOURCES (USES) $ - NET CHANGE IN FUND BALANCES 114 FUND BALANCES - OCTOBER 1, 2021 $ 320,467 FUND BALANCES - SEPTEMBER 30, 2022 $ 320,580 Page 2 James May Chairman Julia Porter Board Secretary October 1, 2021 - September 30, 2022 903 W. Main Street, Blue Springs, MO 64015 (816) 220-4596 | contact@landbankbluesprings.com www.landbankbluesprings.com TABLE OF CONTENTS LAND BANK OF BLUE SPRINGS.............................................................................................. 2 COMMISSIONERS................................................................................................................. 2 FINANCIAL SUMMARY ............................................................................................................. 3 PARCELS ACQUIRED BY THE LAND BANK ............................................................................ 4 PARCELS SOLD OR TRANSFERRED ...................................................................................... 4 SOLD ..................................................................................................................................... 4 TRANSFERRED .................................................................................................................... 4 CURRENT INVENTORY ............................................................................................................ 4 PARCELS AVAILABLE FOR SALE ........................................................................................ 4 PARCELS AVAILABLE TO NEIGHBORING LOT OWNERS .................................................. 4 PARCELS NOT FOR SALE.................................................................................................... 5 SOUTH AREA SEWER NEIGHBORHOOD IMPROVEMENT DISTRICT ................................... 6 OTHER ACTIONS BY THE BOARD .......................................................................................... 6 FARM LEASES ...................................................................................................................... 6 RULES OF PROCEDURE ...................................................................................................... 7 PARCEL 2013-28 REPLATING .............................................................................................. 7 INTERGOVERNMENTAL AGREEMENT WITH CITY OF BLUE SPRINGS............................ 7 *Land Bank Parcel Number refers to the year and order in which the Land Bank acquired the parcel. The first four digits are the year the parcel was received. The next two digits were assigned by the Land Bank for easier tracking. The rest of the number is the Parcel Number assigned by Jackson County. Land Bank Report FY 2021-22 1 LAND BANK OF BLUE SPRINGS The purpose of the Land Bank of Blue Springs is to return non-revenue-generating and non-tax- producing land to usefulness. The land bank agency is composed of a Board of Commissioners consisting of five members, all of whom are residents of Blue Springs. Three commissioners are appointed by the Mayor of Blue Springs, one commissioner is appointed by Jackson County, and the other commissioner is appointed by the School District. Missouri Land Bank Legislation, which became effective August 28, 2012, authorized any municipality located within a county that had a land trust operating on January 1, 2012, to create a land bank agency. That legislation also provided that any property owned by the county’s land trust would be transferred to the newly created land bank agency as soon as possible after its formation. On March 4, 2013, the City of Blue Springs passed Ordinance No. 4429 creating the Land Bank of Blue Springs. Properties in Blue Springs held by the Jackson County Land Trust due to non- payment of back taxes were transferred to the Land Bank of Blue Springs. All properties sold for back taxes where the bid was not sufficient to pay the judgment are transferred to the Land Bank rather than the Jackson County Land Trust. The Board adopted Policies and Procedures for the Acquisition and Disposal of properties. These guidelines are used to determine which properties are offered for sale, the requirements for offers and how offers are evaluated. The Land Bank entered into an Intergovernmental Agreement with the City of Blue Springs on August 5, 2013, with the initial term of the Agreement ending on September 30, 2016. In 2019, the Land Bank Board of Commissioners approved an Intergovernmental Agreement with the City ending on September 30, 2022. A new Intergovernmental Agreement was approved by the Land Bank and the City in 2022 with a term ending on September 30, 2025. The South Area Sewer Neighborhood Improvement District (NID) was formed after the annexation of approximately 1,500 acres of undeveloped property into the corporate limits of the City of Blue Springs. The purpose of the NID is to provide funding to build sewer infrastructure that would enable the area to be developed. The City issued 20-year NID Bonds in 2009 to be repaid through special assessments on the properties. Growth and development in the NID decreased significantly when the recession started in 2008. In some cases, the taxes and NID special assessments went unpaid and the properties were transferred to the Land Bank. This report includes a summary of the actions taken by the Land Bank of Blue Springs from October 1, 2021 through September 30, 2022. COMMISSIONERS SCHOOL DISTRICT APPOINTEE: Kirk Sampson, August 2018 – Present, Treasurer COUNTY APPOINTEE: James Fairbanks, January 2017 – December 2021 Rodney Hill, July 2022 - Present MAYORAL APPOINTEES: James (Jim) May, May 2013 – Present, Chair Tracy White-Baldridge, May 2016 – Present, Vice Chair Jennifer Irey, January 2022 - Present Land Bank Report FY 2021-22 2 FINANCIAL SUMMARY Blue Springs Land Bank - Statement of Changes in Net Position Additions 2022 2021 2020 2019 2018 Property taxes $ 237,133 $ 111,848 $ 48,835 $ 106,408 $ 78,820 Contributions and donations from private sources - 980,203 283,763 890,000 93,731 Gain on sale of capital assets - - - Interest income 2,385 6,541 1,444 11,613 993 Other income 100 5,600 12,864 7,772 7,220 Total additions 239,618 1,104,192 346,906 1,015,793 180,764 Deductions Administrative expenses 15,308 67,876 18,168 62,645 4,769 Remittance of special assessment collections to Sewer Fund 224,196 1,017,661 686,931 538,102 74,513 Loss on sale of capital assets 52,901 70,123 71,379 133,214 Total deductions 239,504 1,138,438 775,222 672,126 212,496 Change in net position 114 (34,246) (428,316) 343,667 (31,732) Net position, beginning 320,467 354,713 783,029 439,362 471,094 Net position, ending $ 320,581 $ 320,467 $ 354,713 $ 783,029 $ 439,362 The Land Bank is audited as part of the City’s annual audit and is reported as a Trust Fund within the City’s financial statements. Each year, a budget is prepared and presented to the Board for adoption. Throughout the year, quarterly financial statements are reviewed by the Board and included on the meeting agendas for discussion. Properties that are transferred to the Land Bank from Jackson County are recorded at the market value the County has listed at the time of the transfer. The gain or loss on sale of property is calculated as the difference between the property’s sales price and the market value of the property as determined by the County. Land Bank Report FY 2021-22 3 PARCELS ACQUIRED BY THE LAND BANK No parcels were acquired by the Land Bank in FY 2021-22. PARCELS SOLD OR TRANSFERRED SOLD The Land Bank of Blue Springs did not sell properties in FY 2021-22. TRANSFERRED The Land Bank of Blue Springs did not transfer property in FY 2021-22. CURRENT INVENTORY There are currently four parcels in the Land Bank inventory that are listed as For Sale, there are 16 parcels that are available to neighboring lot owners, and there are 11 parcels listed as Not for Sale. PARCELS AVAILABLE FOR SALE Land Bank Parcel Number Status Area Size 2017-03-41-700-03-03-00-0-00-000 For Sale Chapman 29.63 Acres Farms – NID 2017-04-54-100-02-03-00-0-00-000 For Sale Chapman 38.73 Acres Farms – NID 2017-05-B-54-200-01-08-00-0-00- For Sale Chapman 94.59 Acres 000 Farms – NID 2017-06-54-200-04-10-00-0-00-000 For Sale Chapman 58.28 Acres Farms – NID PARCELS AVAILABLE TO NEIGHBORING LOT OWNERS Land Bank Parcel Number Status Area Size 2013-01-35-140-11-02-01-0-00-000 Available to Heatherwood 3,521 Sq. Ft Neighboring Lot Owners 2013-03-35-410-11-04-00-0-00-000 Available to HOA - Nantucket 16,141 Sq. Ft Storm Detention Tract 2013-04-35-430-03-39-00-0-00-000 Available to Kingsridge 9,296 Sq. Ft Neighboring Lot West Owners 2013-07-35-510-06-12-01-0-00-000 Available to Blue Springs 10,445 Sq. Ft Neighboring Lot Ford, 1st Plat Owners 2013-08-35-540-01-01-01-0-00-000 Available to Kingsridge 10,315 Sq. Ft Neighboring Lot Owners Land Bank Report FY 2021-22 4 2013-09-35-610-04-68-00-0-00-000 Available to Weatherstone 8,223 Sq. Ft Neighboring Lot West Owners or HOA 2013-22-36-240-08-69-00-0-00-000 Available to The Moors 24,085 Sq. Ft Neighboring Lot Owners or HOA 2013-23-36-320-09-78-00-0-00-000 Available to Sherwood 2,766 Sq. Ft Neighboring Lot Village Owners or HOA 2013-33-41-310-18-37-02-0-00-000 Available to Manor South 410 Sq. Ft Neighboring Lot Owners 2013-36-42-120-08-49-00-0-00-000 Available to Plaza Estates 459 Sq. Ft Neighboring Lot West Owners 2013-37-42-610-03-84-01-0-00-000 Available to Stonecreek 1 Sq. Ft Neighboring Lot Owners 2015-01-36-130-26-04-00-0-00-000 Property has storm Summerfield 7,378 Sq. Ft detention and a East sewer lift station. When the station is abandoned, it can be sold to an adjacent property owner or HOA 2015-02-41-410-17-20-01-0-00-000 Available to Village 5,266 Sq. Ft Neighboring Lot Woods Owners 2016-02-36-910-16-27-02-0-00-000 Available to Sunny Side 466 Sq. Ft Neighboring Lot Slopes Owners 2017-01-35-610-03-17-00-0-00-000 Available to Weatherstone 436 Sq. Ft Neighboring Lot Owners 2017-02-36-340-15-25-00-0-00-000 Detention Basin - Brittany Place 30,492 Sq. Ft could be sold to neighbors for green space PARCELS NOT FOR SALE The Land Bank Board of Commissioners and staff reviewed parcels in the current inventory and determined that several parcels should be kept in the Land Bank. These parcels include detention basins and creek areas. Land Bank Parcel Number Status Area Size 2013-06-35-440-05-42-00-0-00-000 Detention Basin Creek Side 1.01 Acres Estates 2013-13-35-630-05-11-00-0-00-000 Detention Basin Vesper Vale 8,812 Sq. Ft Land Bank Report FY 2021-22 5 2013-24-36-330-06-45-00-0-00-000 Detention Basin Hunter's Dell 10,135 Sq. Ft East 2013-25-36-910-09-48-01-1-00-000 Creek area East 10,639 Sq. Ft Lakeview Annex 2013-27-36-940-13-14-01-0-00-000 Creek area East 6,568 Sq. Ft Lakeview Annex 2013-28-36-940-15-01-01-0-00-000 Creek area East 2.87 Acres Lakeview Annex 2013-30-41-220-05-24-00-0-00-000 Detention area with Autumn 41,729 Sq. Ft overhead powerlines Chase 2013-31-41-220-05-32-00-0-00-000 Detention area with Autumn 13,387 Sq. Ft overhead powerlines Chase 2013-32-41-220-05-60-00-0-00-000 Detention area with Autumn 1.01 Acres overhead powerlines Chase 2013-34-41-340-02-11-00-0-00-000 Detention Basin Manor South 8,388 Sq. Ft 2013-35-41-340-25-33-00-0-00-000 Long strip behind Keystone 10,477 Sq. Ft several properties Estates SOUTH AREA SEWER NEIGHBORHOOD IMPROVEMENT DISTRICT The sale proceeds of NID properties are transferred to the City’s Sewer Fund to pay special assessments previously not collected on the property. The total unpaid NID assessments on Land Bank property as of September 30, 2022, are $2,263,359.23. The assessments as of September 30, 2021, were $2,117,822. OTHER ACTIONS BY THE BOARD Periodically the Board will take other actions related to properties held in the Current Inventory. These actions include farm leases, easements, and miscellaneous action items. Below are actions taken by the Board in FY 2021-22: FARM LEASES The following parcels leased to LLS Chapman Farms LLC in 2021 for one term with an optional one-year renewal. The Farm Lease was not renewed at the end of the first term due to pending real estate sale contracts on the properties. Land Bank Parcel Number Tillable Total Cost to Effective Date Acres Acres Rent 2017-03-41-700-03-03-00-0-00-000 70 105 $5,600 03/20/2021 – 12/31/2021 2017-04-54-100-02-03-00-0-00-000 Acres Acres 2017-05-54-200-01-08-00-0-00-000 Land Bank Report FY 2021-22 6 RULES OF PROCEDURE The Land Bank approved Rules of Procedure on June 21, 2022, to match similar Rules of Procedure approved by the City Council for the other City Boards and Commissions in April 2022. PARCEL 2013-28 REPLATING The Land Bank of Blue Springs mailed letters to impacted residents in March 2022 in response to a Code violation complaint received by the City of Blue Springs. The Land Bank Board heard the concerns of several neighboring property owners at the board meeting on April 18, 2022. In response to those concerns, the Land Bank Board met in Special Session on April 26, 2022 to approve reimbursment to the City of Blue Springs for a survey to divide Parcel 2013-28-36-940- 15-01-01-0-00-000 into 15 parcels lining up with the adjoining properties and to discuss the process for transfering these properties to the neighboring lot owners. The Land Bank mailed another letter with a survey to the neighboring property owners in June 2022 to guage their interest in aquiring the adjacent properties. This project was not completed during fiscal year 2021-22 and will continue into the next fiscal year. INTERGOVERNMENTAL AGREEMENT WITH CITY OF BLUE SPRINGS The Land Bank entered into the original Intergovernmental Agreement with the City of Blue Springs on August 5, 2013, with the initial term ending on September 30, 2016. The City and Land Bank operated based on the terms of this agreement until the Land Bank Board of Commissioners approved an Intergovernmental Agreement on September 16, 2019, with the term of the Agreement ending on September 30, 2022. The Land Bank Board approved a new Intergovernmental Agreement with the City of Blue Springs on August 15, 2022, with the term of the Agreement ending on September 30, 2025. Land Bank Report FY 2021-22 7

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