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West Clermont school board approves Union Township TIF resolution for mixed-use development
Summary
The West Clermont Local School District board approved a tax-increment financing resolution for a mixed-use project in Union Township after staff explained how the payment-in-lieu calculation preserves school revenues; trustees voted 5yes.
The West Clermont Local School District board on Dec. 8 approved a Union Township tax-increment financing (TIF) resolution for the Gurnasty Icolt mixed-use project, a measure staff said preserves the districts share of property-tax revenue through a payment-in-lieu arrangement.
During the presentation, a board member asked for clarification about a paragraph in the agreement that appeared to waive the districts…
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