KATHERINE FITZGERALD, HAMILTON COUNTY DEVELOPMENT COMPANY - Presented the Board with literature regarding the various programs available in Hamilton County. Ms. Fitzgerald advised they are a private, non-profit organization which contracts with Hamilton County to work with businesses.
Ms. Fitzgerald stated they would assist the Board in establishing a Community Redevelopment Area (CRA) in Symmes Township. The Board would need to develop guidelines and designate a specific area for the CRA. The area can be commercial or residential. Owners would receive tax abatement for improvements to the property. This must be a significant investment for an improvement, not maintenance.
MR. BECKMAN stated he thought there would be three areas within the Township which would qualify for a CRA - Harpers Station/Harpers Point area, north section of Montgomery Road (including Fields Ertel & Governors Way), and along Loveland Madeira Road. Mr. Beckman advised he will be meeting with the developer for Harpers Point. This shopping center will be completely re-done and the owner is very interested in the possibility of a CRA.
MS. FITZGERALD reviewed the process and suggested the Board make a comprehensive review of other areas in the Township.
MR. BECKMAN requested direction from the Board and noted the Board will need to have discussions regarding the length of time, the percentage, the area, etc. before a CRA could be established.
MR. BRYANT stated the Township is currently exploring ways to help businesses and he would like to have more information before adopting a resolution.
MS. FITZGERALD advised it will take six weeks to establish a CRA once an area is determined.
The Board agreed to further discuss this issue at the next meeting.
The meeting adjourned at 7:11 p.m. |
Minutes
