May 18, 2013

Forum planned to discuss land bank opportunities

ELYRIA — Demolishing homes in the county’s newly formed land bank will create jobs and county development officials have set up a forum to educate business owners about the process.

The forum will be 4 to 5:30 p.m. Sept. 26 at the Lorain County Transportation and Community Center, 40 East Ave., Elyria.

The forum will outline operating procedures of the Lorain County Land Reutilization Corp.

The land bank has allocated approximately $3.3 million to demolish vacant, abandoned and blighted residential properties that detract from existing home values.

Business opportunities will be available for experienced demolition contractors, environmental engineers and people who perform environmental assessments.

The meeting will detail the demolition plan’s bid specifications and the steps required to submit a proposal to do the work.

Those with questions may contact Patrick Metzger at (440) 328-2326 or, to make reservations, email mchallender@loraincounty.us.

The Lorain County Land Reutilization Corp. was created by the Lorain County commissioners in May to address the problem of vacant, abandoned and tax-foreclosed property resulting from the effects of the national foreclosure crisis.

The land bank’s board members include Commissioners Ted Kalo, Lori Kokoski and Tom Williams, Lorain County Treasurer Dan Talarek and Lorain Mayor Chase Ritenauer.

The Lorain County Port Authority is carrying out day-to-day operations of the agency.

In August, the agency was awarded more than $2 million by the Ohio attorney general under the Moving Ohio Forward settlement. The funds come from the national mortgage settlement reached earlier this year.

The Ohio attorney general’s office made $75 million from the settlement available statewide for the demolition grants. The office estimates there are at least 100,000 vacant and abandoned properties in Ohio in need of immediate demolition.

Contact Cindy Leise at 329-7245 or cleise@chroniclet.com.