“I’m assuming if everything goes (right) with the schedule we have now, it will be effective in (late) March,” said Miamisburg Development Director Chris Fine, who is listed in documents as agent for the annexation.
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A tax-sharing agreement for the annexation was approved by the city and the township after officials said Inverness Homes was interested in building more than 100 homes on the land provided Miamisburg could annex the largely undeveloped tract.
No more action is required by the township, officials said.
The land abuts Pipestone Golf Course and is northwest of the Interstate 75/Austin Boulevard interchange, home of Austin Landing. The land is a “great location” for homes, Miamisburg City Manager Keith Johnson has said.
Three of the parcels are have are on Miamisburg Springboro Road and the other has a Medlar Road address, according to the Montgomery County Auditor’s Office website. Two of the parcels total 38 acres, records show.
The county approved the plan in December after the three landowners a month earlier filed a petition to have their property annexed by the city.
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“That’s the first step,” Fine said. “And the first step is usually a big step.”
The law requires the city wait 60 days before addressing the issue and it is set to go before Miamisburg City Council Feb. 19, he said.
Should council approve it at that time, the city would then file documents with the county auditor, the board of elections and the secretary of state’s office, said Emily Bradford, county commission clerk.
That process should take about 30 days, Fine said.
The deal passed by the city and the township calls for the township to get 50 percent of the property taxes from those four parcels for 15 years, records show.
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The collection of those taxes would start “upon completion of more than 50 percent of the planned development,” according to township records.
Fine said once the annexation is final, the rezoning process – which could take several months – would begin.
The land is designated agricultural and a rezoning would likely change it to some form of planned residential development.
Inverness Homes operates in Dayton, Cincinnati and Louisville markets, according to its website. It has built a number of local housing developments, including ones in Huber Heights, Fairborn, Kettering and Centerville.
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