A township official said they got sufficient terms to avoid “fighting the annexation.”
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The agreement would bring new homes to four parcels that are now largely farmland north of Austin Center, where Austin Landing anchors burgeoning business development on both sides of the interchange area where the township and the city share tax revenues with Springboro.
The deal with the city would give the township half of the property tax revenues for several years from the development, which would equal about 5 percent of the number of homes built in the region last year, records show.
Inverness has no interest in building homes on the land if it remains in the township, officials from the city and the township said after both jurisdictions approved entering into the annexation agreement.
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Without the deal, the developer faced “a double tax issue as far as property tax for future residents of the subdivision” due to Ohio’s annexation laws, said Miamisburg City Manager Keith Johnson.
“It’s a great location. It’s near the interchange. It abuts Pipestone,” Johnson said of the upscale housing development and golf course. “The developer is willing to go through what’s necessary to make sure the…development is compatible with our standards…..so it’s a win for everyone.”
The township wanted “to be a good neighbor in participating,” board of trustees President John Morris said. “So there was no reason to impede the progress of the developer.”
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“So we have negotiated with the city that they will share the revenues associated with the taxes from that for a period of time,” he added. “That made it sufficient in not fighting the annexation.”
The new homes would be a boost to the city, which has not seen that size of a new housing development in years, Johnson said. It would equal about 5 percent of the number of the permits for single-family units issued in the region in last year, according to the Home Builders Association of Dayton.
Those numbers account reflect permits in Greene, Montgomery and Preble counties, plus the city of Middletown in Butler County, according to the HBA.
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In 2017, 2,281 single-family permits were issued, according to the HBA. Last year marked the third straight year permits for single-family homes increased after 2013’s total of 1,520 dipped to 1,504 the following year.
The annexation agreement will call for the township to get 50 percent of the property taxes from the land for 15 years, according to township records.
The collection of those taxes would start “upon completion of more than 50 percent of the planned development,” township records show.
The deal is expected to bring more homes closer to an interchange area that has seen strong business growth in both the township and the city in recent years.
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Aside from Austin Landing’s more than $100 million in development the past five years, the township has seen The Connor Group open a $20 million headquarters at Dayton-Wright Brothers Airport and a $24 million, 200-plus unit luxury apartment complex – Austin Park – was built nearby.
On city land on the interchange’s west side, Premier Health is building a $12 million emergency center next to Motoman Robotics’ $20 million North American headquarters that opened in 2011.
Last year, United Grinding North American opened its $13 million continental headquarters there as well. That project included the city building an access road from Byers Road that is expected to help spur development along that corridor.
The annexation agreement is “one that would benefit the city,” Johnson said. “It would benefit the township.”
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“So it was good to be able to sit down and have a conversation with the township about why that was important to the developer and why it was important to us,” he added. “They were very fair in taking a look at what their own interests and needs were, and we were able to reach some common ground.”
Johnson noted, “The city and the township have had a good relationship recently in working on projects together.”
The agreement is “close to the final draft,” Miami Twp. Community Development Director Chris Snyder told trustees this week before they voted 3-0 for the deal to move forward.
There are “a couple of points that we’re still working out with the city. They have indicated their agreement with those points,” Snyder said.
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Three of the parcels 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 next step will be submitting a petition and the annexation agreement to the Montgomery County commission, Johnson said. That is likely to occur in July, he said.
After county approval, the state would need to certify the change before the land would need to be rezoned, as required with any annexation, Johnson said.
If all goes as planned, Johnson said, ground could be broken on the project by this fall.
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