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Council adopts Oak Grove II TIF expansion to fund infrastructure improvements
Summary
Council adopted ordinance O‑17‑20‑26 to expand the Oak Grove II tax‑increment financing district by about 106 acres. The non‑school/non‑fire TIF will capture incremental value for public improvements and includes reimbursement agreements with Monroe Township for fire service portions; the ordinance passed 6–0.
The council adopted ordinance O‑17‑20‑26 on second reading, expanding the Oak Grove II tax‑increment financing (TIF) district to encompass an additional roughly 106 acres annexed and zoned for development.
City staff explained the measure is a non‑school/non‑fire TIF, meaning it will not reduce funding to the Johnstown‑Monroe Local School District or the Career and Technology Education Centers of Licking County. The ordinance authorizes the city to exempt 100% of improvements from property taxation in the TIF area while requiring service payments in lieu of taxes; a portion of those payments will go to the local school district and the remainder will be deposited into a municipal public improvement fund to finance infrastructure that directly benefits the parcels.
Staff also said the city has agreements to reimburse Monroe Township for the fire portion of the TIF where applicable. After the public hearing produced no comments, council moved to adopt the ordinance; the roll call showed six yes votes and the ordinance passed.
City officials said the goal is to capture incremental value generated by new development and apply those increases to necessary public infrastructure. No fiscal note with a specific dollar estimate for the TIF was provided during the hearing; staff said details would be available in TIF documents and related agreements.
