27 March 2026 SPECIAL Dearborn County Redevelopment Meeting Notes

 

27 March 2026 SPECIAL Dearborn County Redevelopment Meeting Notes

Livestreams can be found at: https://www.voutube.eom/@DCRC-r9p

Present: Jim Deaton, President, Trevor Bischoff, Vice President, Dennis Kraus,Jr., Secretary, Tom Tepe, Jim Mansfield,Doug Baker, and open spot (non- voting school board member)

ABSENT: Jordan Hoffman

Also present: Sue Hayden, county administrator and minute taker, Anthony Smart, attorney, Connie Fromhold, Auditor and DCRC treasurer.

Title VI statement read as legally required.

The purpose of the meeting is to receive submitted offers on a 26.9-acre property as well as a 14.76-acre property located on Harrison-Brookville Rd., Harrison Township, Dearborn County Indiana.

NEW BUSINESS: DCRC received one bid. 

Perleberg presented: We went through the process of getting 2 appraisals on each site and the average was advertised

$1,525,00- 26.9 acres- average of the 2 appraisals

$1,027,000 14.76 acres- average of the 2 appraisals. 

Bid received by Sue Hayden and opened at this meeting.

Perleberg read the offer from Jeff Bender with Cushman Wakefield agent for the purchaser - food and beverage industry, no delinquent property taxes or code violations. Project Compass or a related entity to be disclosed. As is condition . $6,555/ acre approximately. Total price is $1,525,000. Have option for an extension of 30 days. 6% closing costs for Cushman Wakefield. LOI ( Letter of intent) 

Project details- will expire 4/13/26 unless acceptance is receive by that date. 

This meets the average of the 2 appraisals. You can accept decline or table. 

Board accepted the offer and Perleberg will communicate this to Cushman Wakefield. 

Baker asked what will happen with the 14.76 acres? 

Perleberg- it has already been advertised and so we will continue to work that as the appraisal is good for 12 months. 

PUBLIC COMMENT: Chris Mueller- When will the company be revealed, since you have accepted the offer? 

Perleberg- Its Compass from Cushman Wakefield - and they will let us know when the company is ready to be known. 

(There were NDAs signed by the Board and details were known from executive session)

ADJOURNED 10:15 AM

Christine Brauer Mueller

Lawrenceburg Township