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Tell City OKs lease terms for city land
TELL CITY - With one nay vote, the Tell City Common Council agreed Monday to approve a memorandum of understanding with Spencer County businessman Don Foertsch and his new Tell City Boat Works.
The memorandum paves the way for Foertsch to begin using portions of the city-owned former Maxon Marine site to make a variety of marine vessels. This week's deal will also form the basis of the formal 10-year contract the city and Foertsch are expected to enter into in early 2008.
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