GREEN In an effort to address discrepancies between the city and the Green Local School District over tax increment financing and community reinvestment area payments to the district, City Council unanimously approved a resolution May 23 to enter into a tax increment financing compensation agreement with the school district.
The disagreement between the two parties came about as a result of various changes to the state’s school funding formula over the years, as the city and the schools interpreted differently how payments to the school should be calculated, according to a May 23 release from the city.
The agreement, which was also approved at the most recent Green School Board meeting, amends the existing tax increment financing school compensation agreement which was entered into in 2003 and amended in 2006, agreement calls for the city to pay an additional $635,108 for tax years 2006-2014 to address the school funding formula discrepancies.
The city anticipates total estimated payments to the school district in 2017 of $805,000 for tax year 2016.
Other changes to the TIF compensation agreement regarding existing and new TIFS include a payment from the city to the schools equal to 85 percent of the schools’ portion of real property taxes that would have been received without the financing.
"The agreement benefits the school system and the city equally," Council President Chris Humphrey said. "We want to make sure our schools continue to receive the funding they need."
The agreement also addresses how the schools will be compensated under tax abatements granted by the city in its two community reinvestment areas. All new CRA agreements will provide the schools an annual payment equal to 65 percent of the schools’ portion of real property taxes the district would have received without the financing.
Moreover, the city agrees not to grant any CRA abatements on residential developments.
Construction project payback
Council approved a resolution reaching a settlement with H.M. Miller Construction Company for the city to pay the company an additional $40,500 for work performed to remove and replace deteriorated catch basins in the city in 2013.
The situation arose due to miscommunication over the scope of the purchase order, Humphrey said.
Council awarded a $2.3 million contract to Northstar Asphalt for the city’s 2017 road resurfacing project.
Humphrey said the city hopes to see the project begin in June and be completed by fall 2017.
Council members also approved a one-year, $185,000 engineering contract with American Structurepoint for preliminary engineering of a proposed traffic roundabout at the intersection of State Route 619 and Pickle Road.
Humphrey addressed the fact that there is opposition to the city’s general support of roundabout intersections.
"If you wonder whether or not this one is necessary, go out there at about 4:30 or 5 o’clock in the afternoon and you’ll be assured of the need," he said. "This is a safety issue and that is a very busy, dangerous intersection."
Council also approved the selection of Vizmeg Landscape to provide design-build services, at a cost of $140,000, to the city for the construction of the city’s first responders’ memorial, as well as a three-year contract with W.E Quicksall and Associates and BL Companies Ohio for professional engineering services.