The formal beginnings of Concord were part of a gamble on the future, based on the time proven law of making money: buy low and sell high. With that purpose in mind, thirty-five men formed the Connecticut Land Company to purchase the lands of the Western Reserve, an area 120 miles long and 50 miles wide extending from the Pennsylvania border to what is now Sandusky.

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As the land was un-surveyed, the first task for the Land Company was to have its holdings surveyed and divided into townships each five miles square. Moses Cleveland, a graduate of Yale University, a lawyer, a Brigadier General and Representative to Legislature, was appointed General Agent to supervise the work. His surveying team consisted of Augustus Porter, Seth Pease and John Holley. About forty others accompanied them as axmen, chainmen and rodmen. Among them were men whose names are still well known in this area today: Stow, Perry, Chapman, and Charles Parker who became the first settler in Lake County.

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Originally designated as Number 10 of the eight range, Concord became known as an equalizing township. Lands in Concord were added to a man’s holdings when townships remaining in the drawing fell below the average quality rating. Daniel Coit was the original owner of Number 10 although he never traveled to this area to inspect his holding