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Tipp City council approves 10-year development agreement, moves forward with redevelopment plan for Tipp City Plaza
Summary
Tipp City Council voted unanimously to approve a 10-year development services agreement with Woodard Development and introduced an urban redevelopment plan required before implementing tax-increment financing for the Tipp City Plaza parcels, including 1400 West Main Street.
TIPP CITY, Ohio — The Tipp City Council on Monday approved a 10-year development services agreement with Woodard Development to guide redevelopment of the Tipp City Plaza property and introduced an urban redevelopment plan for portions of downtown that the city may finance using tax-increment financing.
The agreement, approved by council as Resolution 20-25, formalizes an existing partnership between the city and Woodard Development for planning and potential sale and redevelopment of the Tipp City Plaza parcel. City staff described the developer’s responsibilities as submitting a conceptual plan followed by a master development plan and design specifications; the agreement…
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