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Tipp City moves to acquire 60 acres at 25A and Main to steer commercial development
Summary
Tipp City Council approved a resolution authorizing the city manager to assume Woodard Development’s purchase contract for a 60-acre parcel at the southwest corner of County Road 25A and Main Street, a $2,209,528 transaction the city says is intended to help attract a grocery store and other retail.
TIPP CITY, Ohio — Tipp City Council approved a resolution May 5 authorizing the city manager to assume a purchase contract for a roughly 60-acre parcel at the southwest corner of County Road 25A and Main Street at a cost not to exceed $2,209,528.
City staff described the purchase as a strategic acquisition to give Tipp City control over one of the last developable commercial properties within the city and to improve the prospects of attracting a grocery store and other retail. “That’s the goal, right? That’s what we're working towards. To hopefully get there, but there's nothing concrete today,” City staff member Mr. Mack said.
The resolution authorizes the city manager to enter into an agreement with Woodard Development for the assignment of Woodard’s purchase agreement with the Long Family Trust for the parcel identified as Parcel G 15022634. Council discussed that a development agreement with Woodard Development will follow to describe how the property will be developed and the parties' relationship.
Mr. Mack said the city does not have a fixed construction timetable and expects to hold the land as farmland initially. “We do anticipate at least the city holding the property ... for at least, I'll say, 2 years. And again, that could change based on conversations to come. We anticipate at least a 2 to 3 year hold period,” he said.
Council members pressed for financial clarity about the purchase's impact on the general fund and on carry costs; staff said budget information had been prepared and shared. Mr. Liddy described the purchases of this parcel and a previously acquired plaza as “a substantial step for the controlled growth of our city,” and urged residents to ask council or staff for more information as plans progress.
The public hearing on the related appropriation ordinance was opened during the meeting; no members of the public spoke on the resolution authorizing the purchase assignment. The roll call approving the resolution recorded unanimous yes votes from council members present.
Council members and staff said more public information will be provided as the city negotiates a development agreement and refines plans for the site.
