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Delaware County Council approves resolution tied to LGF Properties bond reassignment
Summary
The Council unanimously removed Resolution 2025-12 from the table and approved it Sept. 4 after the Redevelopment Commission supplied documents showing LGF Properties of Muncie LLC assumed an existing bond previously associated with Living Green Farms Incorporated; the county will not be liable for the bond, according to the documents presented.
The Delaware County Council voted unanimously Sept. 4 to remove Resolution 2025-12 from the table and to approve the resolution tied to a redevelopment bond reassignment in Muncie.
The action follows additional documentation provided by the Delaware County Redevelopment Commission showing an acknowledgment and assumption agreement dated April 2024 in which Living Green Farms Incorporated reassigned its bond obligations to LGF Properties of Muncie LLC. The commission also supplied a letter of intent describing the developer’s intended investments and hiring commitments for the site.
Steven Brand,…
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