CONCORD TWP. — The Concord Township Trustees passed a resolution on July 22 to sell its former township headquarters and 15 acres of land on July 22.
According to Trustee Don Pence, the township was approached by the buyer to sell the parcel privately. According to the resolution and contract, obtained by the Miami Valley Today at Tuesday’s township meeting, buyers James W. Mortell and Pamela Mortell purchased the 15.248 acres located at 2678 State Route 718 from the board of trustees for $350,000. The property includes the former township building, which was under lease. Trustees Pence, Tom Mercer and Neil Rhoades approved of the sale. The closing of the sale will take place before Sept. 1 according to the contract.
Trustee Pence said the township was not actively prospecting the property due to the income from the farmland and the leasing of the building. Pence said the Mortell’s offer was “so generous” that when the trustees looked at the cost of maintenance of the property as a whole it would be 4o years to shore up those costs. Pence said the property made $8,000 a year after taxes.
The contract honors the verbal cash rent lease of the farmland through 2020 harvest to Larry Morrow. The contract also honors the lease to Russ Miller of the building on the property through Jan. 31, 2022.
The township consulted with Miami County Prosecutor’s Office in regards to the sale of the property. The township also acquired two appraisals: Cin-Day Appraisal of Dayton for $1,000 and Layne Real Estate for $1,250. Pence said the appraisals were much lower than the offer received from the Mortells.
According to fiscal officer and former township trustee Bill Whidden, Shannon Weaver of Layne Real Estate, LLC appraised the property as of Feb. 3, for $260,000 and Jeremy Ison of Cin-Day Appraisal Group appraised the property as of Feb. 4 for $220,000.
Morrow, who was present at the meeting, thanked the trustees for allowing him to farm the property over the years.
Trustee Mercer told Morrow they referred him to the Mortells to continue to farm the land if they so chose.
The next meeting will be at 10 a.m. Wednesday, Aug. 26 at the township building located at Horizon West Court.