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Council approves TIF for 314 Dayton (Weisso) to fund nearby infrastructure; schools will be paid their calculated share
Summary
Council approved Ordinance 2025-27 establishing a 30-year tax-increment financing (TIF) district for the 314 Dayton (Weisso) project to create a fund for infrastructure improvements in the project area; officials said the county treasurer will calculate distributions and the schools will receive the statutory amount.
The Village Council on Nov. 17 approved Ordinance 2025-27 establishing tax-increment financing (TIF) for the 314 Dayton Street (Weisso) project and declaring it an emergency to lock in a 2025 base value.
Solicitor Amy Blankenship and outside counsel Tyler Bridge explained the TIF differs from a CRA abatement: property taxes would still be paid but the incremental portion above the locked-in base value would be collected as service payments in lieu of taxes and deposited into a municipal improvement fund to pay for infrastructure in the project area.
Bridge said the TIF ordinance directs that the Yellow Springs Exempted Village School District and the Green County Career Center receive the same amount of real-property tax they would have received "but for the TIF," and that the county treasurer will administer those distributions.
Council and staff described the use of TIF proceeds for sidewalks, curbs, resurfacing, sewer and stormwater work near Union, Winter and Dayton Streets; Village Manager Johnny Burns said the funding stream would let the village target infrastructure upgrades around the development rather than drawing from the general fund.
Residents asked for numbers and independent analysis. Jerry Papania requested public access to the fiscal calculations; staff said a prior packet included a detailed analysis showing projected increments and estimated TIF proceeds and noted about $900,000 was projected as the amount flowing to the municipal TIF fund over the TIF term in the materials discussed in earlier packets.
Council said the base value must be locked in during 2025 so the increment from new construction will be captured under the TIF and not lost if the base value rises in 2026. After public comment the council adopted the ordinance by roll call.
Outcome: Ordinance 2025-27 passed by recorded vote; the TIF is established to run for the specified statutory period with distributions to schools calculated by the county auditor/treasurer and a municipal fund available for project-area improvements.
