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Public hearing held on proposed Timbers Town Center Community Authority
Summary
City council held a public hearing on creation of a Timbers Town Center Community Authority (NCA) to support redevelopment of Fallen Timbers; developer counsel said the first phase is a roughly $50 million project with about $8 million expected from NCA bonds and that separate legislation would be required to form the authority.
Maumee City Council on April 6 held a statutory public hearing on a petition to form the Timbers Town Center Community Authority, a special district the developer says would help finance and manage improvements at the Fallen Timbers town center.
Greg Daniels, counsel for the developer, told the council the community authority would be formed under Ohio Revised Code chapter 349 and would be governed by trustees appointed by the city and the developer. He said the hearing is a process step, not the final formation: "Just holding a hearing tonight is not the end of the process. It's just one more step in the…
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