• The land is about 41 acres includes three parcels. They are 21.76, 19.29 and 0.196 acres.
• The property was appraised in August 2018 at $4.65 million.
• Dillin LLC will seek to provide status reports on bi-weekly basis involving a marketing analysis of potential uses, financial analysis of both private and public investment, a purchase price proposal, a preliminary development master plan, a preliminary development timeline, a draft development agreement, and a draft purchase and sale agreement.
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•The agreement regarding Dillin LLC's letter is for 120 days. The deal may be extended by two, 30-day periods upon mutual agreement.
•The land is in a Tax Increment Financing District, or TIF, with plans to keep within that zone or a new one. Dillin LLC agrees that the property will be included in the Austin Center Joint Economic Development District - which the township shares with Miamisburg and Springboro – or another district that the township designates.
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