Industrial foundation deeds fire training property to county

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By Stephen Lega

The Marion County Industrial Foundation has given 1.756 acres of property to the Marion County Fiscal Court. This is the same property where the Marion County Fire Training Facility is located.

The Marion County Industrial Foundation Board approved the property transfer during its June 5 meeting. The deed notes that the property was transferred to the fiscal court. However, if the fiscal court decides in the future to sell the property, then the industrial foundation would have first right of refusal under the conditions of the deed. Also, if the property is sold, then the industrial foundation would receive  $70,000 plus 6 percent interest compounded annually from the date of the deed.

This property is located near the certified food processing park.

In other business:

The industrial foundation board met in executive session for 44 minutes regarding possible business prospects.

The industrial foundation agreed to put up $45,000 in matching funds as part of an application for a community development block grant for R.L. Schreiber.

Marion County Economic Development Director Tom Lund reported that his office remains in contact with a company in Cleveland and its Japanese partner.

He added that state officials had discussed bringing a prospect to Lebanon to look at the spec building located on the Marion County Veterans Memorial Highway, but in the end they did not come here. The company was seeking $30 million from the state, but state officials did not think that was a good investment, according to Lund.