Explanation
Background: Ordinance No. 3248-2021 established a tax increment financing (“TIF”) area pursuant to Ohio Revised Code (“R.C.”) Section 5709.40(B) that encompassed ±13.886 acres at the northeast corner of Renner Road and Alton Darby Creek Road (the “Sugar Farm 40(B) TIF”). Ordinance No. 3259-2021 established two TIF incentive districts under R.C. Section 5709.40(C) including one that encompassed ±242.36 acres north of Renner Road (the “Sugar Farm Incentive District”). Ordinance No. 0643-2022 authorized the City to enter into the Norwich Township Compensation Agreement dated May 3, 2022. That agreement provides Norwich Township with service payments in lieu of taxes from the aforesaid TIFs equivalent to a certain portion of the millage from Norwich Township’s Fire & EMS levies in accordance with the Big Darby Revenue Program adopted by City Council under Resolution No. 0216X-2008. Due to a reclassification of the land-use by the property owner within the Sugar Farm 40(B) TIF from commercial apartments to single-family condos making the new use ineligible under the Sugar Farm 40(B) TIF, City Council passed Ordinance No. 2451-2025 that repealed Ordinance No. 3248-2021 to dissolve the Sugar Farm 40(B) TIF prior to its exemption application being filed and approved by the State. Ordinance No. 2451-2025 also amended Ordinance No. 3259-2021 to include the former parcels of the Sugar Farm 40(B) TIF into an expanded Sugar Farm Incentive District pursuant to the same terms and conditions of Ordinance No. 3259-2021. This ordinance will authorize the City to enter into the First Amended and Restated Norwich Township Compensation Agreement with Norwich Township regarding administrative changes thereunder caused by the repeal and expansion of the aforesaid TIFs by Ordinance No. 2451-2025.
Fiscal Impact: No funding is immediately required for this legislation. The City is appropriating and authorizing the expenditure of service payments in lieu of taxes generated by ...
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