KDI Transfers Land Options To Agribusiness Firm
July 28, 2016 at 4:25 p.m.
Months ago, Kosciusko Development Inc. was asked by the Louis Dreyfus Corp. to secure land purchase options.
KDI chairman Roger Moynahan said Wednesday the company requested KDI to transfer those options to them, in exchange for reimbursement, which was approved by the board.
In a May announcement, Dreyfus proposed building a $100 million soybean processing plant near Claypool as phase one of a three-step process, which includes a biodiesel plant and ethanol plant.
"This does not mean they will exercise those options," Moynahan said. "This only tells me they are interested. We do hope it all works out for the county and the company."
President Joy McCarthy-Sessing said she talked to Mickey Maurer of the Indiana Economic Development Commission a couple of weeks ago. Maurer said, according to McCarthy-Sessing, the state is ready to close the deal, the company is not. An air permit is pending with the Indiana Department of Environmental Management.
The land options expire in March.
A $33,250 contract with the county was tabled for further consideration. When KDI requested $100,000 of the county council earlier this year, a business plan was presented to provide services based on the new amount.
The current contract indicates KDI will provide services as outlined.
KDI's request of $100,000 was initially in the county's general fund budget and cut by the council to last year's contribution. The balance of the request, $66,750, is expected to be provided by the Rainy Day Fund.
"If this document is referring back to that document (for $100,000 worth of services)," said Moynahan, "we're talking apples and oranges."
Several board members wanted to review the business plan. A meeting was set for Oct. 19 at 5:30 p.m. to reshape the business plan.
In other business, the board:
• Reviewed the Indiana Department of Transportation's 10-year road improvement schedule.
• Heard board member Julie Van DeWater, NIPSCO's representative, announced she will be leaving the board and the utility company to take a position with the St. Joseph Regional Medical Center at the Plymouth Hospital.
• Heard the next "Starting Your Own Small Business" workshop is Oct. 18.
• Heard the next Manufacturers' Council Meeting is Dec. 6. Secretary of Commerce Pat Miller is the scheduled speaker.
• Heard KDI submitted a Community Development Action Grant application. [[In-content Ad]]
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Months ago, Kosciusko Development Inc. was asked by the Louis Dreyfus Corp. to secure land purchase options.
KDI chairman Roger Moynahan said Wednesday the company requested KDI to transfer those options to them, in exchange for reimbursement, which was approved by the board.
In a May announcement, Dreyfus proposed building a $100 million soybean processing plant near Claypool as phase one of a three-step process, which includes a biodiesel plant and ethanol plant.
"This does not mean they will exercise those options," Moynahan said. "This only tells me they are interested. We do hope it all works out for the county and the company."
President Joy McCarthy-Sessing said she talked to Mickey Maurer of the Indiana Economic Development Commission a couple of weeks ago. Maurer said, according to McCarthy-Sessing, the state is ready to close the deal, the company is not. An air permit is pending with the Indiana Department of Environmental Management.
The land options expire in March.
A $33,250 contract with the county was tabled for further consideration. When KDI requested $100,000 of the county council earlier this year, a business plan was presented to provide services based on the new amount.
The current contract indicates KDI will provide services as outlined.
KDI's request of $100,000 was initially in the county's general fund budget and cut by the council to last year's contribution. The balance of the request, $66,750, is expected to be provided by the Rainy Day Fund.
"If this document is referring back to that document (for $100,000 worth of services)," said Moynahan, "we're talking apples and oranges."
Several board members wanted to review the business plan. A meeting was set for Oct. 19 at 5:30 p.m. to reshape the business plan.
In other business, the board:
• Reviewed the Indiana Department of Transportation's 10-year road improvement schedule.
• Heard board member Julie Van DeWater, NIPSCO's representative, announced she will be leaving the board and the utility company to take a position with the St. Joseph Regional Medical Center at the Plymouth Hospital.
• Heard the next "Starting Your Own Small Business" workshop is Oct. 18.
• Heard the next Manufacturers' Council Meeting is Dec. 6. Secretary of Commerce Pat Miller is the scheduled speaker.
• Heard KDI submitted a Community Development Action Grant application. [[In-content Ad]]