Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves Omni Drive tax-increment financing exemption for commercial development
Summary
The West Clermont Board of Education voted 5–0 on May 4 to grant a tax-increment financing (TIF) exemption to Union Township for the Omni Drive commercial development, with administrators saying the agreement will "make whole" the district for revenues otherwise lost to tax exemption.
The West Clermont Board of Education voted unanimously May 4 to grant a tax-increment financing (TIF) exemption for the Omni Drive Development, a commercial project planned in Union Township.
Board clerk Mr. Romano presented the item as a request to approve the TIF on a "make whole" basis, meaning the district would receive compensation designed to offset tax revenue the district would otherwise collect. Board members asked clarifying questions about the…
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
