Should Public Entities Be Farm Landlords/Speculators?
Published
5/24/13
As of 1/1/12 the City of
Wilmington’s, Community Improvement Corporation, (CIC) owned ten parcels of
land totaling 170 acres with an estimated value of $1million. This land,
located in the city is cash rented to local farmers. The most recent purchase,
a 21acre parcel on SR 134, was made in 2011. Neither the purchase price or
reason for the purchase is not known because this entity does not announce
meeting times and so far this year has not released the required financial
report. The cash rent terms are also unknown.
Clinton County via the
Board of Commissioners owns 127 acres of farmland with an estimated value of
over $300,000 on SR 68 North.
This land is also known as
the “Children’s Home” land. The cash rent agreement is public information and
is periodically reopened for new bids.
The Clinton County Port
Authority, in addition to its DHL donation, own three farm parcels totaling 195
acres with an estimated value of $1.8 million. The land is in biddable cash
rent and the terms are public information.
Source: County Auditor http://clintonoh.ddti.net/Search.aspx
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