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Forest Park council adopts Halesworth TIF to clear former school site for housing
Summary
The Forest Park City Council adopted Ordinance 20‑2025 to create the Halesworth Incentive District TIF, exempting planned improvements from property tax for up to 30 years and establishing a tax‑increment equivalent fund to finance public infrastructure; council approved the ordinance 4‑0.
The Forest Park City Council on a 4‑0 vote adopted Ordinance 20‑2025, creating the Halesworth Incentive District tax increment financing (TIF) area to allow redevelopment of the former elementary school site.
The ordinance, read by the clerk, declares improvements to parcels in the district "a public purpose under section 5709.4 of the Ohio Revised Code," exempts 100% of those improvements from property taxation for up to 30 years and requires owners to make service payments into…
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