Supervisors negotiating land purchase for ICGI park
The Webster County Board of Supervisors is in the process of acquiring another piece of property located in the Iowa Crossroads of Global Innovation, an ag industrial park seven miles west of Fort Dodge.
Supervisors on Tuesday approved a resolution for Steve Kersten, a Fort Dodge attorney, to negotiate the sale on behalf of the county.
Kersten said the property sits on about 40 acres of land.
The purchase price is $949,400, he said.
“With 10 percent down, stipulating that the 2018 rent should go to the seller, the 2019 lease needs to be terminated before Sept. 1,” Kersten said. “That you would close on or before March 31, 2019, and any CRP on the land, if it exists, needs to be weighed.”
CRP or Conservation Reserve Program refers to land that is considered environmentally sensitive, according to the United States Department of Agriculture. Farmers who enroll land that qualifies for CRP status receive payments from the federal government for not planting on that land.
Supervisor Mark Campbell said the purchase is for economic development.
“We will be utilizing TIF to do it,” he said. “We look forward to working with Cargill, CJ Bio, Valero, and all future partners out there.”
He added, “We want to thank the Greater Fort Dodge Growth Alliance for assisting with this and it will be a great opportunity.”
Supervisor Merrill Leffler said the county purchased two other parcels in the ICGI Park earlier this year.
“We have control of them for any future development out there,” he said. “It’s just to help the growth of the ag park and Cargill.”
Leffler said the county hopes to have the sale finalized in the near future.