Jefferson County Commissioners approved a settlement agreement with MIDCOR Corp. – which does business as Jefferson County Industrial Development Corporation – ending nearly two years of litigation between the two groups.

During a meeting Friday afternoon, commissioners unanimously approved the settlement agreement proposed by MIDCOR by a vote of 3-0. The agreement calls for MIDCOR to pay $40,000 to the county on or before March 17, as well as issue a signed statement to Jefferson County and the Commissioners “concerning the actions of MIDCOR resulting from possible misinterpretation of Indiana law concerning Indiana gaming revenue agreements.”

Dated March 8, a letter signed by MIDCOR/JCIDC Executive Director Matt Wirth – reads, in part: “The Indiana Gaming Revenue statues and regulations are very complicated. MIDCOR/JCIDC may have misinterpreted those statues and regulations which led to litigation between Jefferson County and MIDCOR/JCIDC.

MIDCOR/JCIDC understands how its actions could have been interpreted as an effort to undermine the authority of Jefferson County Commissioners to conduct economic development in Jefferson County as part of their responsibilities as elected officials. MIDCOR/JCIDC apologizes for any misunderstandings and fully acknowledges the Commissioners’ rightful responsibilities with respect to economic development.”

The agreement brings an end to litigation that began in July 2015. The agreement also states that parties will be responsible for their own attorney’s fees and expenses resulting from the lawsuit.

“These frivolous actions were a result of commissioners exercising a 30-day opt-out option in the contract,” Commissioner Bobby Little said. “We, as commissioners, believed we were well within our rights on this action and we held steadfast to that belief.”

Commissioner Norbert Schafer said he never doubted that the county took the proper course of action in the matter.

“In the beginning, I stated that I must consider the good of the whole county, not just one sector of our economy,” he said.

Little said he’s glad to put the lawsuit behind the county and focus on other more important things.

“The shame of it is, nobody’s actually the winner here,” he said.