About 120 new homes have been part of early talks for about 41 acres Miamisburg has annexed from Miami Twp. as part of a tax-sharing deal.
Discussions with the developer indicate those houses expected to built by Inverness Homes would begin in the $300,000 price range and include one- and two-story units, said Miamisburg Development Director Chris Fine.
The housing plan was the key reason, officials said, for annexation of land northeast of the intersection of Medlar/Miamisburg Springboro roads, which Miamisburg City Council approved by a 5-0 vote Tuesday night.
The legislation takes effect immediately, so “the property is part of the city now,” Fine said.
The land abuts Pipestone Golf Course and is northwest of the Interstate 75/Austin Boulevard interchange, near thousands of jobs and Austin Landing.
The annexation included what Miamisburg City Manager Keith Johnson has called a milestone agreement with Miami Twp.
That deal – approved by both the city and the township last year - will give the township 50 percent of the property tax revenues from the four parcels for 15 years, records show.
Those revenues will begin going to the township “upon completion of more than 50 percent of the planned development,” according to township records.
In the coming days, the city will file documents with the Montgomery county auditor, the board of elections and the Ohio secretary of state’s office in a process expected to take about 30 days, Fine said.
Meanwhile, he said, next month a rezoning request is expected to be filed, as is a traffic study and plans for the subdivision.
The land is designated agricultural and a rezoning would likely change it to some form of planned residential development.
The proposal will first go to city council and then to the planning commission before returning to council for a public hearing for a vote, Fine said. That process is expected to take about 90 days.
“We do a good job of processing those as quickly as we can,” Fine said.
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.
The annexation deal between the city and the township was reached last June after Miamisburg officials said Inverness Homes expressed interest in building on the land provided it was in the city.
Miamisburg and Miami Twp. have a history of contentious annexation issues, officials from both jurisdictions have said. But in more recent years, Miamisburg and Miami Twp. have worked out agreements to partner on a variety of issues, fire services and Joint Economic Development Districts chief among them.