[Monett Times] Fair ~ 54°F  
High: 67°F ~ Low: 49°F
Friday, Apr. 29, 2016

MIDC keeps leaders, seeks land buyers

Monday, July 23, 2012

The Monett Industrial Development Corporation (MIDC) re-elected its officers at its annual stockholders meeting recently and discussed plans for future development.

Jerry Dierker was returned to the office of president for another year. Also serving are Mike Garrett as vice president, Mike Brownsberger as treasurer and David Honeycutt as secretary.

Of the 604 outstanding shares of MIDC stock, 439 were represented by proxy in the annual voting.

Board members discussed the possible sale of some of the corporation's 80 acres east of the Monett Municipal Airport. One manufacturer expressed interest in buying land a year ago. It was reported the company may be closer to signing a deal with improvements in the economy.

Such a sale would represent the first from land purchased in the last five years. According to Honeycutt, arrangements still have to be completed to bring water and sewer service to the land.

The Monett Utility Department's proposal to hook the Monett Municipal Airport with the city's water system would involve running water main from the city limits to the airport. Mains would cross the north and west edges of the MIDC land.

In the past year, the MIDC had expenses of around $2,000, half of which came from income taxes and real estate taxes. Income from investments and the sale of stock covered all of the expenses. The property by the airport is presently leased to Ted Dahlstrom for grazing and forage.

Honeycutt said the MIDC has signs posted on the property offering lots for sale but has no major advertising campaign underway. Inquiries continue to reach the corporation.

"I feel our primary thing is to do what we can to help industry," Honeycutt told The Times. "We do a lot to help keep Monett Industries talking to each other. I feel we're in a better position than we have been in the last 10 to 15 years."

Stock in the MIDC is still available for $25 a share.



Respond to this story

Posting a comment requires free registration:

© 2016 Monett Times, a division of Rust Publishing MOARCASS, L.L.C. All rights reserved.