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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, a member of the Delaware County Redevelopment Commission, told the council the April 2024 agreement “clearly states in my opinion, and I'm not bond counsel, that LGF Properties of Muncie LLC is the sole, responsible party behind the bond now.” Brand said the reassignment relieves Living Green Farms Incorporated of responsibility and that the county is not on the hook for the bond.
Brand also summarized physical progress at the site, saying about 100,000 square feet of the building pad has been poured and that roughly another 100,000 square feet remains to be poured. He said the commission provided a document that outlines total real estate investment, business personal property investment, projected jobs and payroll, but those numeric details were not read aloud in the meeting record.
Council members who moved and seconded the procedural steps were identified during the meeting as Jessica (mover) and Dan (second) to remove the resolution from the table, and a separate motion that originated at a prior meeting by Matt (mover) and Bill (second) remained on the floor for final approval. Roll-call votes recorded all present council members as voting yes on the final motion.
The council asked no follow-up substantive questions after Brand’s presentation about contractor identity; Brand said he did not know the general contractor. A county official stated they had not had conversations with the company about future incentive requests and that the topic had not come up in 2024, but that remark was not tied to a named speaker in the meeting transcript.
No members of the public spoke on the item. After the vote the council invited other elected officials or department heads to comment; none did, and the council adjourned.
Votes at a glance: Resolution 2025-12 — approved (unanimous).
