Union Twp approves TIF amendment

June 19th, 2014    Author: Administrator    Filed Under: News

By Kristin Rover
Sun staff

Union Township Trustees approved an amendment to an existing Tax Increment Financing district with West Clermont Local School District during their June 12 meeting.

Union Township Administrator Ken Geis said the amendment would allow the township to transfer and sell land in Liberty Crossing that was intended to be used by the district.

He said originally the district was planning to use the land to build a new school, but the district has indicated that they no longer intend to use the land for a school.

“The amendment to the TIF would allow trustees to sell that and reimburse the district as part of the original agreement,” Geis said.

Debbie Alberico, communications coordinator for the district, said board members also approved the amendment to the TIF agreement on May 27.

“We are reviewing our facilities program right now and what we have in place for facilities,” Alberico said.

Trustees approved the amendment to the TIF agreement with the district during their meeting.

Geis said the Union Township Community Improvement Cooperation will sell the property to MI Homes, the builder in the neighborhood.

He said the school district will receive proceeds from the sale.

“It is really excess property the district didn’t need,” Geis said. “We didn’t need it so it makes sense to use it for additional homes.”

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