“We’re certainly eager to get employees into that building,” Miami Twp. Community Development Director Chris Snyder told trustees Tuesday night.
“It’s been used for the past several years essentially for warehouse storage,” he added. “We would like to get somebody in there that’s going to put a significant employment base in there.”
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The company is seeking the township’s help in obtaining funds through the Montgomery County Economic Development/Government Equity program for the proposal, called Project VOLTA, according to township records.
The property at 8821 Washington Church is in the Miami Twp.-Dayton Joint Economic Development District, a tax-sharing district controlled by both jurisdictions.
The company’s move “is expected to generate approximately $122,500 per year in revenue for the JEDD” based on company projections, township records show.
That tax revenue would be split 50/50 by the township and Dayton, according to the JEDD agreement.
“This project can bring a significant economic impact for Miami Twp. and help support long-term revenue growth,” township records state.
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Trustees voted 2-0 Tuesday night to authorize the township to go forward with the ED/GE application. Board of Trustees President Doug Barry, who is on the ED/GE advisory committee, abstained from the vote.
The resolution indicated the company “is in a period of rapid growth potential” and “provides the opportunity to bring new highly skilled jobs.”
Board of Trustees Vice President John Morris called the proposal an opportunity to collect revenue for the township and Dayton at a “facility (that) sits without anybody using it.”
The Washington Church address was sold by Megix LLC in 2013, when Refactory LLC of Germantown bought it for more than $1.3 million, according to Montgomery County Auditor’s Office records.
In 1996, the site sold for $6.2 million, according to the county.
If project is awarded ED/GE funds, the company said “they will use the funds for renovation work within the interior of the building to prepare for new office space,” township records state.
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