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McLean County board authorizes trustee to sell trust-owned farmland and reinvest proceeds
3225274 · May 7, 2025
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Summary
The Finance Committee approved a resolution May 7 allowing the county trustee to sell a parcel of farmland held in trust since the 1950s and to invest the proceeds after court filings, following a request from beneficiaries.
The McLean County Finance Committee voted May 7 to authorize the county board chair to permit a trustee to sell a parcel of farmland held in trust and to reinvest the proceeds.
Administrator Taylor said the trust dates to the 1950s (identified in the meeting as the Emily Baker trust) and that over time proceeds from leased farmland have been…
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