Fillable APPLICATION TO PURCHASE OR LEASE VACANT LAND (Louisville Jefferson County Metro Government)

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APPLICATION TO PURCHASE OR LEASE VACANT LAND (Louisville Jefferson County Metro Government)

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BROWSE LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT (KY) FORMS

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Page 1 of 3
APPLICATION TO PURCHASE OR LEASE VACANT LAND
FROM THE LOUISVILLE & JEFFERSON COUNTY LANDBANK AUTHORITY, INC.
To purchase “AS IS” real property from the Landbank’s sales inventory, complete this form and return it to the Office of Community
Development. A separate application must be submitted for each property you wish to purchase.
APPLICANT INFORMATION
Applicant is a(n): ☐ Individual or ☐ Business Entity
Legal Name of Individual:
Legal Name of Business Entity:
Mailing Address:
City:
Zip:
Phone Number:
Email Address:
Marital Status
(Used to prepare deeds for Individual applicants only)
:
☐
Married
☐
Unmarried
Legal name of spouse if (s)he will jointly own the property:
PROPERTY INFORMATION
Address:
Parcel ID:
Offer Price:
(See website for policies relating to pricing)
1. Has applicant previously had ownership interest in the requested property? ☐ Yes ☐ No
2. Has applicant previously purchased property from Metro Government or its organizations? ☐ Yes ☐ No
3. Per Metro Personnel Policies, Section 1.6 (Ethics), please complete the following information. Additional
information may be requested, once application is processed.
a) Are you a current Metro employee? ☐ Yes ☐ No If so, please list your title and department name:
____________________________________________________________________________________
b) Are you related to a current Metro employee? ☐ Yes ☐ No If so, please list their name(s). Also, please
include their titles and department names, if known: _____________________________________________
_________________________________________________________________________________________
DISPOSTION PROGRAMS
Please indicate which disposition program Applicant intends to use to purchase or lease the vacant land.
☐ Side Yard - A side yard is any unimproved land that is up to 4,000 square feet and is adjacent to property
currently owned by the Applicant. See Page 2, Section “A.”, for required attachments.
☐ Cut It Keep It - This program allows the Applicant to purchase unimproved land that is up to 7,000 square feet,
as long as the Applicant owns an occupied residential/commercial structure on the same block, pays the property
taxes, and maintains the land for three (3) straight years. See Page 2, Section “A.”, for required attachments.
☐ Budget Rate - Applicants with a development plan can purchase vacant land for new construction projects.
Prices vary based on the land’s square footage. See Page 2, Section “B.”, for required attachments.
Page 2 of 3
☐ Flex Rate - Applicants without proof of project funding can purchase vacant land for new construction projects
based on the land’s current market value. Prices will vary based on the land’s square footage. See Page 2, Section
“B.”, for required attachments.
☐ Lease - Applicant is requesting a license agreement involving the unimproved land for an agricultural or similar
project. The licensing fee will be $1.00 per year for up to 7,000 square feet of vacant land. See Page 2, Section
“C.”, for required attachments.
PLEASE SUBMIT THE FOLLOWING MATERIALS WITH THIS APPLICATION:
A. IF NO CONSTRUCTION IS PLANNED ON THE VACANT LAND, ATTACH THE FOLLOWING:
A copy of the Deed, or records from the Office of Jefferson County Property Valuation (“PVA”), for your
property if you wish to purchase an adjacent property through the “Side Yard” disposition program.
A copy of the Deed, or PVA records, for the property that you currently own on the same block as the
property you wish to purchase through the “Cut It Keep It” disposition program.
B. IF YOU WISH TO PURCHASE VACANT LAND TO CONSTRUCT NEW SINGLE FAMILY, MULTI-FAMILY, OR
COMMERCIAL STRUCTURES USING THE BUDGET RATE OR FLEX RATE DISPOSITION PROGRAM, ATTACH
THE FOLLOWING DOCUMENTS:
Project description that details the end use for the structure (i.e., Will be owner-occupied, sold to a
neighborhood resident, rented as subsidized or non-subsidized housing, a mixed-use building, etc.)
Company description and list or portfolio of comparable previous projects, as applicable/available
Improvement specifications - Describe in detail the improvements, estimated cost for each item, and
name of contractor or person who will perform the work
Estimated project budget
Site plan and building renderings
OTHER DOCUMENTS TO BE ATTACHED IF APPLYING FOR THE BUDGET RATE PROGRAM:
A timeline for the completion of the project
Project financing - Describe and provide proof for the source of funding
C. IF YOU WISH TO LEASE VACANT LAND TO BE USED FOR AGRICULTURAL OR OTHER DEVELOPMENTS, ATTACH
THE FOLLOWING DOCUMENTS:
Note: The Community or Market Garden Application must be submitted and approved by Planning & Design
Services. Please contact Planning & Design, at 502-574-6230, for application and submittal requirements.
Project description
Company description and list or portfolio of comparable previous projects, as applicable/available
Improvement specifications - Describe in detail the improvements, estimated cost for each item, and
name of contractor or person who will perform the work
Estimated project budget
Site plan
A timeline for the completion of the project
Project financing - Describe and provide proof for the source of funding
Page 3 of 3
APPLICATION TO PURCHASE OR LEASE VACANT LAND
FROM THE LOUISVILLE & JEFFERSON COUNTY LANDBANK AUTHORITY, INC.
If approved, the Applicant will be given a special warranty deed or license agreement. Certain conditions may apply
to guarantee that the proposed improvements are completed within the required timeframe. If desired, title
insurance is the responsibility of the purchaser. All property is sold “AS IS”.
I understand that staff will review this request and confirm that it is following existing Policies and Procedures, as
well as existing neighborhood plans. I also understand that this form is a statement of interest only. Receiving it does
not commit the Landbank Authority to transfer property.
Therefore, I hereby acknowledge that I understand the information provided in this application and the below
statements are true to the best of my knowledge:
1. I do not own any other property which has delinquent taxes, unpaid special assessments, or unresolved
property code violations found by the Department of Codes & Regulations (formerly known as “IPL”).
2. The business entity(ies) I am operating is/are active and in good standing with the Kentucky Secretary of
State and its/their occupational license and/or employee withholding taxes collected by the Metro
Revenue Commission are not delinquent.
Signature of Applicant:
Date:
For Agents & Brokers If Applicable:
Real Estate Agency / Company Name: _______________________________ Phone Number________________
KY Real Estate License Number: ________________________ Email: __________________________________
Submit this application, with the required materials, to:
Office of Community Development
444 South 5
th
St, Suite 500
Louisville, KY 40202
Telephone: (502) 574-4016 | Email: vapstat@louisvilleky.gov
Website: https://louisvilleky.gov/government/community-development
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APPLICATION TO PURCHASE OR LEASE VACANT LAND (Louisville Jefferson County Metro Government)

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Completed 22 November 2020

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