Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Tipp City Council adopts TIF ordinance for proposed development, school compensation agreed
Summary
Tipp City Council unanimously approved Ordinance 21-25 to establish a tax increment financing (TIF) structure and related agreements for a city property, with a school‑district compensation agreement and an estimated $2 million in additional tax revenue to the school district over 30 years, according to staff.
Tipp City Council on Tuesday approved Ordinance 21-25, declaring certain real property improvements to be a public purpose under Ohio law and authorizing a tax increment financing (TIF) structure, a school‑district compensation agreement and related authorizations.
The ordinance, presented by city staff, declares that once improvements are made the properties will be exempt from real property taxation under the terms described and establishes an urban redevelopment TIF equivalent fund and the option to enter one or more tax increment financing agreements. The measure references Ohio Revised Code sections 5709.41, 5709.42, 5709.43, 5709.832 and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
