The agreement will call for the township to get 50 percent of the property taxes from those four parcels for 15 years, according to township records.
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The collection of those taxes would start “upon completion of more than 50 percent of the planned development,” a memo from Acting Township Administrator Ron Hess states.
The land is northwest of the Interstate 75/Austin Boulevard interchange, home of Austin Landing. That interchange area – known as Austin Center – has seen significant development in recent years and is the focus of a three-way development agreement between the city, the township and Springboro.
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