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Council approves development agreement with Rockford Homes including 75% rolling TIF and NCA reimbursement up to $800,000
Summary
Beavercreek City Council approved Resolution 25‑17, authorizing a residential development agreement with Rockford Development Company for 54.28 acres, including developer‑funded infrastructure, a 75% five‑year rolling TIF and a new community authority (NCA) mechanism with reimbursements capped at $800,000.
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…
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