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Canal Winchester adopts economic development plan to begin Miller Farms TIF process
Summary
Council adopted Resolution 26-008 to approve an economic development plan paving the way for an incentive-district tax increment financing (TIF) tied to the Miller Farms housing development; staff said the TIF would be structured in three districts and typically runs 30 years.
Canal Winchester City Council on Feb. 2 adopted Resolution 26-008 authorizing an economic development plan that starts the process to create an incentive-district tax increment financing (TIF) for the Miller Farms development.
City staff explained the measure is a preliminary step: the plan lays out three separate incentive districts for single-family, multi-family and townhomes and spells out the public infrastructure improvements eligible for reimbursement through the TIF. "This is the first step in creating a TIF associated with the Miller Farms…
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