As an additional economic development incentive to the Northwest Ohio Educational Service Center project, the Archbold Community Improvement Corporation agreed to sell 9.2 acres of land for $1.
Normally, the CIC charges at least $10,000 an acre for property in the industrial park, where the new NWOESC building will be built. The per-acre price is intended to recoup the cost of building the streets and other infrastructure.
Jim Wyse, Archbold mayor, said the offer to sell the property for $1 kept Archbold on a level playing field with a site in Henry County, which was also being offered for $1.
Wyse said Dave Nafziger, president of Lugbill Brothers, gave him a gold presidential dollar coin to pay for the industrial park site.
The village has also agreed to fund up to $240,000 of site improvements for the new building. The money will cover things such as curb cuts, utility taps, and the construction of the building foundation.
Lugbill Brothers will build and own the building, which it will lease to the service center. The NWOESC will then lease about half of the space in the structure to NWOCA.