Regarding the Mohr Capital Termination Notice on the DC RC Agenda for 9 May 2023- This excerpt is from 12 June 2022 Dearborn County Council Meeting Notes-
Christine Brauer Mueller
TAX ABATEMENT- Mohr Capital- Dave Deddens presented for DC Redevelopment Commission. Proposed Economic Development project in West Harrison TIF district. $25 million. Wheatley Group worked out that it will have another $19million in jobs. Mohr Capital says a real property tax abatement is critical to this. Doug Swain is participating via phone for Mohr Capital.
Jeff Kroeger of Colliers- Class A structure being built. July 2025 is completion date for the project. Break ground this year and have 12-18 months to finish the building.
Council members asked questions to clarify particulars.
Andrea Ewan said they are only asking for the real property abatement. Tenants may ask for another abatement. The EDA is transferrable to a new owner should Mohr sell it.
Morris- Council is being asked to approve the abatement for the land and the building- not any contents.
Doll - asked about restrictions- Jeff-There are some restricted uses for the space- no alcohol or whiskey barrels for example. Have to sell or lease got tenants that have at least 25 jobs for at least $18/hr. Looking for someone like a Cintas or Schneider Electric etc.
Morris said it speaks volumes that the DCRC has vetted this. Mohr has a good track record.
Turner- this property has been empty for about 10 years while DCRC owned it.
Wright- Mohr knows there is a flood plain on part of this?- Yes- and they are buying the property - “as is.”
Turner - thinks that this is a favorable position for us. Jeff- There is a lot in info coming in about how Intel is setting up around Columbus.
Turner- motioned to adopt the resolution for the tax abatement. 2nded and all ayes. Approved.
Morris said- this looks like its a win for the county and she’s very excited about it.
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