Batavia proposes TIF agreement with county

December 11th, 2005    Author: Rodney Beckwith    Filed Under: News

Clermont County and Batavia Township may have reached an agreement concerning the Tax Increment Financing districts that has been a result of legal wrangling and negotiations between the two entities for a couple of months.

The TIF districts, designed to help blighted areas draw economic development through infrastructure improvements or similar projects, essentially capture all property tax dollars from the districts for a period of 30 years, or 75 percent of funds for 10 years. The process, however, is fraught with legalities and conditions, chief of which is that local entities, such as townships in this case, lose their property tax funds to the entity creating the TIF, in this case the county.

After discussing the issue in executive session during a regular meeting on Dec. 6, the Batavia Township Trustees agreed to pursue an avenue that may see them

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