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The pieces approved included a Community Reinvestment Area incentive package with a 50-percent, 15-year real property tax abatement and an agreement among several parties to pay for an extension of Abbott Parkway west of County Road 25A to the Meijer site.
The warehouse will be built on 160 acres north of Kerr Road that were annexed to the city from Monroe Twp. last year.
The tax abatement agreement did not require school district approval because it calls for 50 percent tax abatement versus a larger percentage that would require school board action.
The Tipp City Exempted Village Schools by law, though, will receive additional money because the project will create a new employee payroll of more than $1 million. The city will share with the schools 50 percent of all income tax from new employees for the 15-year period, an amount estimated at $27,375 annually.
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Another piece of the Meijer project approved was an agreement between the city and Ohio Department of Transportation to extend Abbott Park Way west from County Road 25A by 1,200 feet. The estimated cost is $1.249 million.
Among proposed funding for the extension is $150,000 from the Ohio Department of Transportation, $490,000 from the state, $250,000 from Meijer, $200,000 from HSA and about $160,000 from the city. HSA is the company that built the warehouse on the south side of Abbott Park Way during the last year.
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“It is good to see everyone come together to get this extension through,” Tipp City City Manager Tim Eggleston said.
City council approved the Meijer items during its regular meeting April 6. The meeting was held by telephone because of the COVID-19 closings and stay-at-home orders.
Participating in the call were Meijer representatives.
“We are excited for this opportunity to continue to work with Tipp City,” said Ashley Mack, real estate manager for Meijer.
The warehouse will keep 225 jobs in Tipp City that will be transferred from the current Meijer distribution center at County Road 25A and Kessler-Cowlesville Road, and add another 65 during the next five years for a $3.65 million in new payroll.
The existing warehouse opened in the 1990s. The future use of that property has not been determined, although hopes are Meijer will use it for another purpose, Matt Spring, city development director, said in late March.
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