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Belmont County Looking to Lease

April 24, 2014

Belmont County just received a $3 million check for leasing the mineral rights to 406 acres of county-owned land, and now county commissioners are looking to lease the rights to another 426 acres a......

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Apr-25-14 1:22 AM

So the county receives millions for the lease, expecting millions from production, require the oil companies to fix the roads forever, wants the severance tax returned to fix the same roads. Do these counties pay income tax to the Feds or the state the way normal citizens have to? If not, they are keeping a much greater percentage than landowners are of the proceeds. Sounds like a good deal from their point of view.

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Apr-24-14 10:17 PM

Wrong again Marcy. Leases start at $6500 an acre and go up. $7500 is about the standard. I wouldn't have expected you to know that anyways. After all, there's no YouTube video about it.

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Apr-24-14 7:34 PM

"That plan is for the purpose of the Cafaro company - through its sister company that owns that parcel - to sell the land there for another hotel that will be built there as soon as this year," said Commissioner Mark Thomas.

How can you justify giving OUR money to a PRIVATE business that does NOTHING to benefit the residents!!!

This is CLEARLY a tyrannical commission that is completely out of control!!!

AGAIN, they received 3 MILLION dollars and spent ZERO on the roads destroyed by the industry!!!!

That 3 million WOULD have repaired ALOT of pot holes!!!!

So much for the "we are waiting on the asphalt plant to open" propaganda!!!!


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Apr-24-14 1:19 PM

Looks like other drillers are underpaying people for their gas rights considering what Rice is paying.

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Apr-24-14 7:35 AM

Conservative? Funny stuff.

"Gov. John Kasich has proposed keeping 80 percent of the severance tax at the state level, then returning the money to taxpayers in the form of an overall 8.5 percent income tax cut, Favede said."

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