The acquisition from Zengel Construction will allow for the road extension and the sale to make way for the Trilogy site with a few acres remaining north of Vienna Parkway, said Miami Twp. Trustee John Morris, president of the CIC.
“So we will maintain another two to three acres that can be sold and developed by someone else,” Morris said.
Currently, Vienna Parkway begins at Mad River Road and runs east to west through a residential area. Township records show the 650-foot road extension is set to happen this year while the Trilogy facility is planned for 2020.
Trilogy is a Louisville, Ky-based company that provides assisted living or personal care; memory care; post-acute health care services; and independent living, according to its website.
Its assisted living sites offer “a little assistance with activities of daily living…and makes it easy to get social, have fun, explore new interests, and build relationships.”
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It operates more than 100 facilities in Indiana, Kentucky, Michigan and Ohio, according to its website. Nearly 30 of those sites are in Ohio, including one in Englewood.
Trilogy’s future site will be added to the Miami Crossing Joint Economic Development District, which levies an income tax shared by the township and Miamisburg. The township approved the change last week while Miamisburg is expected to do so Tuesday night.
Funds from the JEDD will be used to help pay for the extension of Vienna Parkway, a project to be financed through a State Infrastructure Bank loan over 10 years, township records show.
Records also indicate the township’s gas tax funds would also help pay for the road extension. But those funds were included in the loan application largely for collateral purposes, said Miami Twp. Finance Director Clay McCord.
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“There’s no expectation at this point in time on any of the projections that we’ve seen to have to use the gas tax,” McCord told trustees last month. “It was simply to back up precaution the state asked for in a secondary source.”
The township bought the land from Zengel after the company’s third failed attempt to get an 80-home development in that neighborhood approved by township trustees.
The lack of traffic access to Ohio 741 was cited as a factor in all three of those housing proposal rejections.
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