Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Cwicc Powers topic
No spam. Unsubscribe anytime.
Committee reviews CWICC role, property leases and authority to buy/sell land
Summary
Members discussed Canal Winchester Industrial and Commercial Corporation (CWICC) powers, including whether the entity can buy or sell property without separate city authorization and how CWICC-generated rent revenue is used.
The committee discussed the role, powers and funding of the Canal Winchester Industrial and Commercial Corporation (CWICC) and asked staff to provide additional background at a future meeting.
Staff described CWICC as an entity that holds some city-owned properties and may lease them; rent revenue was noted as an outside funding source for the corporation. Committee members asked whether CWICC can purchase or sell land independently; staff responded that while such authorities often exist for development corporations, CWICC historically has not held large amounts of discretionary funding and most purchases or sales go through city authorization. Staff also noted past practice in which city-purchased parcels were transferred to CWICC for development and later returned to private ownership.
Members asked for a focused briefing at the next meeting to clarify CWICC—s formal powers, funding sources, and examples of how the corporation has been used for redevelopment (such as property in the industrial park and on Dilley Road). No charter language changes were drafted on April 2; the committee requested a short staff memo for the next meeting.
ENDING: Staff to return with a short briefing and examples detailing CWICC powers and a summary of recent CWICC property transactions.
