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Presentation explains Clayton–Clay Township JED structure and infrastructure projects
Summary
A JED board presenter briefed council on the Clayton Joint Economic Development District’s purpose, 1.5% tax structure, revenue split (15% board, then 60% township/40% city) and projects including sewer on Jack's Lane, streetlighting and COVID-era sustainment grants; trustees and council discussed the Kwik Trip infrastructure and township contributions.
Council received a year-in-review presentation about the Clayton–Clay Township Joint Economic Development District and how the district generates and spends revenues to promote commercial and industrial development.
An unnamed JED presenter explained the JED was established in 2008 and that the district's income tax rate is 1.5% on earnings and net profit. "The 1st 15% go to the JED board, then the remaining 85% is split, 60% going to Clayton Township, and the remaining 40% goes to Clayton," the presenter said. He listed past accomplishments: extension of sewer lines (Jack's Lane), tap-in fee assistance, installation of streetlights on Jack's Lane and Pleasant Plain Road, a COVID-era sustainment grant program for businesses, assistance for job-creating expansions, and a $10,000 business assistance award to Doors Galore.
Trustees and council members asked whether JED funds are being used for a planned Kwik Trip; Clay Township trustee Angela Howe said Kwik Trip is not receiving JED funds but that the township and city are contributing to a $1.5 million water line related to that private project, and Clay Township expects to contribute about $336,000 toward the line. Presenters noted that some right-of-way parcels remain under ODOT control and that businesses decide whether to opt into the JED tax district.
