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Earlier this month, Lebanon City Council authorized the city manager to sell the land to Williams’ company for $542,000, $38,000 less than previously agreed upon in the option.
“We’re still moving forward with that,” Williams said last week.
In exchange for the price reduction, the city will not provide road maintenance or snow removal to the development. The roads will be private streets.
Williams said the deal made “the most sense for the property,” because Lebanon was hesitant about providing the services. He said the money would be put in a fund to help the homeowners cover these expenses.
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The land is in the city of Lebanon, but the Kings and Mason school districts, according to property records.
The council approved the sale of the land for mixed-use development on April 9 without discussion.
It was a part of a water-well field, being farmed, that the city decided to sell after contracting with Cincinnati for water service.
The proceeds go to the water fund, since water revenues were used to acquire it.
Williams plans 17 homes for “empty nesters” in the back section of the development.
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“We didn’t want any houses along 42,” Williams said, predicting the roads would be in this fall.
Lebanon optioned the land to Williams after changing its long-range plans for this land and 42 corridor between Lebanon and Mason.
Plans to expand an industrial park here were changed and the land rezoned.
Williams also plans commercial development on 4.7 acres on U.S. 42, north of Ambleside Measows.
He said there were no firm plans yet for this part of the project.