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Anthony Wayne Local treasurer says district may seek court action to enforce TIF agreement with Fallen Timbers Mall
Summary
During its meeting the Anthony Wayne Local Board of Education heard the treasurer say the district is considering legal action to enforce a tax-increment financing agreement after the mall sought a lower valuation and paid only a fraction of owed taxes, staff said.
At its meeting the Anthony Wayne Local Board of Education heard its treasurer report that the district is considering legal action to enforce a tax-increment financing agreement with the owner of Fallen Timbers Mall.
The treasurer told the board the mall owner had challenged property valuation and that, in the district’s view, the mall’s assessed value is “under 84,000,000.” She said the owner paid about $20,000 on a typical annual tax bill of…
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