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Richfield reports property transactions and a proposed AAA Cooper tax incentive tied to $3.8M payroll
Summary
In administrative reports at the June 9 meeting the Village reported sale of 3771 Grant Street, acquisition of 3872 Broadview Road, nearing preconstruction for World City Brewing, and a planned agreement offering AAA Cooper a three‑year, 15% income‑tax incentive based on approximately $3.8 million in payroll.
During the Director and Council reports on June 9, Village officials outlined a series of administrative items and pending economic development actions.
Director Brian Frantz said the Village is selling 3771 Grant Street to a local business owner, Sarah Mitschke, and is closing on a recently acquired piece of property at 3872 Broadview Road the following week. He reported that World City Brewing is preparing to schedule a preconstruction meeting as it works through outstanding comments from the Planning Commission.
Frantz also said the Village will enter into an agreement with AAA Cooper offering a 15% income‑tax incentive for three years tied to approximately $3.8 million in payroll. Council reports summarized recent council actions including approvals of insurance contract appropriations, consent to ODOT resurfacing and bridge repairs, adoption of a cybersecurity program, and a tax incentive economic development grant to AAA Cooper that anticipates roughly 55 jobs and $3.8M in payroll.
No formal motions on the AAA Cooper incentive were recorded in these minutes; the item was described in the Director and Council reports as forthcoming. Staff said additional details and formal agreements would be handled through Council processes as required.
