Beavercreek City Council approved Resolution 25‑17 authorizing a residential development agreement between the city and Rockford Development Company covering roughly 54.28 acres and related infrastructure improvements.

City staff explained the agreement requires the developer to design, fund, construct and dedicate all on‑site water, sanitary, storm and street infrastructure and to make improvements to Grange Hall Road. "The developer will front the construction costs up to $800,000, and the only reimbursements they can get from the city are through the TIF, and the only reimbursements they can get through the NCA are through the NCA itself," staff said, describing the financing mechanics.

How it will be financed: The project includes a 75% five‑year rolling tax increment financing (TIF) arrangement and the establishment of a 4.5 mill new community authority (NCA) to provide a parallel reimbursement stream. Staff noted that reimbursements from the city are limited to what is available through the TIF and NCA; if those revenues are insufficient, the developer would not be entitled to additional city reimbursement and would retain liability for the initial costs.

Why it matters: The agreement transfers upfront construction risk to the developer while providing two defined reimbursement mechanisms (TIF and NCA) that can return funds for eligible infrastructure costs up to the stated cap. Council voted in favor of the resolution on voice vote.

Citizen question and transparency request: A member of the public during citizen comment asked about a discrepancy in acreage (54.28 vs. 52.28 acres) shown in some documents and asked for the property's market value, asking price and final sale price; staff did not provide those numbers during the meeting. City staff should follow up to clarify the acreage accounting and sale price details for public records.

Ending: The developer will proceed under the approved terms; the council authorized the agreement and the defined reimbursement structure, and staff will administer the developer deposits, TIF processing and NCA formation steps as applicable.