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City moves to rewrite Meadows TIF after audit finds legal gaps
Summary
City staff found three defects in the Meadows Tax Increment Financing (TIF) ordinance and proposed a new TIF to correct them; council scheduled public hearing and first reading June 9 and staff recommended waiving the second reading.
Huber Heights city economic development staff said the city will replace the existing Meadows Tax Increment Financing district after an internal audit identified errors in the original legislation.
The audit, presented by Jason, the city—s economic development director, found that the 2023 ordinance used the wrong district type (an "incentive district" intended for housing), omitted the percentage of tax increment to be captured and did not specify a time period. "TIF, the acronym stands for Tax Incremental Financing," Jason said, and he told the council the new ordinance would correct…
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