FLINT, Mich. -- An official at an agency that manages the sale, rehabilitation and demolition of tax foreclosed homes in a Michigan county has resigned after an audio recording of him using a racial slur to describe black people was posted online.

Michele Wildman, executive director of the Genesee County Land Bank, tells MLive.com Monday that she has accepted the resignation of sales manager Phil Stair.

The newspaper reports that Stair can be heard in the recording blaming problems in the city of Flint on people who "don't pay their bills."

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"Flint has the same problems as Detroit -- f****** n****** don't pay their bills, believe me, I deal with them," Stair can be heard saying in the recording.

Stair, who is white, was recorded by environmental activist Chelsea Lyons. Lyons told MLive.com Monday that the bank "is taking up all of the properties in Flint" and is "pushing people out of neighborhoods."

Online Genesee County District Court records show four civil default judgments totaling more than $28,000 entered against Philip Stair of Flint between 2004 and 2006.

A home telephone number for Stair is disconnected.