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City Council approves CRA changes and TIFs to clear path for Alto development
Summary
Circleville City Council on May 20 approved ordinances expanding the Circleville Community Reinvestment Area to include planned unit developments and adopted tax-increment financing (TIF) districts and related agreements to support the Alto planned unit development project.
Circleville City Council on Tuesday approved multiple ordinances to make planned unit developments eligible for the Circleville Community Reinvestment Area (CRA), authorize a CRA agreement for the Alto project and establish tax-increment financing incentive districts and agreements tied to the Alto development.
The measures, presented at first reading and passed the same night after the council temporarily suspended its rules, are intended to allow the Alto planned unit development (PUD) to receive CRA tax abatements and for portions of the project to be supported by TIF-funded infrastructure improvements.
City planner Anna Nguyen said the ordinance expands the CRA’s eligible zoning districts to include PUDs so the city “can offer that CRA tax abatement to two planned unit developments.” Tim Colburn, director of P3, described the…
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