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Council advances Opus development package after added community benefit and stormwater costs
Summary
The council approved resolutions advancing Opus Development’s package — increased community benefit payments, TIF language capped at 6.5% with bond-set rate, and clarified stormwater reimbursement (about $300,000 added) — moving the project forward to implementation steps.
Canal Winchester City Council moved forward this week with a package of development agreements tied to an Opus Development project that will add industrial buildings near Bixby/Bridal Road, including changes to community benefit payments and clearer terms for tax-increment financing and stormwater reimbursement.
Development Director Lucas Hair told council the developer has agreed to increase the community benefit payment from $0.50 to $0.75 per square foot, with $0.25 due at building-permit issuance and $0.50 due at occupancy. Hair summarized the change as:…
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