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County accepts $332-per-acre bid for county farm, includes development out clause
Summary
Peoria County approved awarding the county-owned farm to the highest bidder, Richard Shane, at $332 per acre (about $44,000/year), up from $321; the lease will include an out clause to allow future development and staff are developing a master plan funded in part by Clean Energy Jobs Act allocations.
Peoria County approved awarding the county-owned farm to the highest bidder, Richard Shane, after a board member reported three responses to the bid invitation. The winning bid was $332 per acre, “just a shade under works out to be a shade under $44,000 a year,” a presenter said. The board approved the award unanimously.
The decision…
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