The Omaha Municipal Land Bank (OMLB) will hold a tax sale webinar in January to explain an upcoming tax lien sale of properties, executive director Leslie Smith said at the board’s Dec. 9 meeting. At the same meeting, deputy director Andrea Purdy Steenholdt presented November financials, reporting total revenue of over $1.8 million and expenses just under $1.4 million. Steenholdt said net assets have remained stable, projecting net income of $394,000. She also discussed the transition to a new data software system, Ptolemy, which will provide more specific property data. Full implementation of the system is expected in 2025, following data migration and cleanup.
Smith, the executive director, also announced plans for a TLC open house in February to engage new nonprofit partners for future tax lien projects and introduced “Contractors and Coffee.” Those events, scheduled for Dec. 18 and Jan. 17, are aimed at connecting with construction contractors to support redevelopment projects.
Board members approved the election of a nominations committee, which will propose new officers for 2025. The board also reviewed and approved a property at 2607 Spencer Street for a new home construction. The applicant qualified for a 25% discount on the property, reducing the purchase price. The meeting concluded with a discussion on the need for additional nonprofit partners to manage properties and the continued efforts to secure legislative support.
Meeting documented by Brian Collins
Read full meeting notes here
