New contracts for development districts involving Dayton, Miami Twp. and Miamisburg have recently been approved.
The agreements involve the Miami Twp.-Dayton Joint Economic Development District and the Miami Crossing JEDD.
The first tax-sharing district is a partnership with the township and Dayton. The second – formerly named for the Dayton Mall - involves the township and Miamisburg. For decades, it has attracted a high volume of traffic, jobs and has been a center for retail, shopping and entertainment.
Here are five things to know about the new contracts:
- For the first time, they stipulate minimum annual disbursements to member communities. The annual total payments for the Dayton JEDD, which is split 50/50, is $200,000. For Miami Crossing, of which the township gets 70 percent, is $300,000.
- They do not include increases in income tax rates. The Dayton JEDD’s rate remains at 1.75 percent and Miami Crossing’s stays at 2.25 percent.
- They involve no boundary changes. The Dayton JEDD has 655 acres, including Dayton-Wright Brothers Airport. There have been discussions about expanding the district to include land in Washington Twp., but this contract involves no changes. Miami Crossing is a 2.2 square mile area around the Dayton Mall that involves 192 acres. It is basically bordered by I-675 to the south, Cox Arboretum to the north, Byers Road to the west and Washington Twp. to the east.
- They allow residential/multifamily use. Local officials said this is due to a change in state law that expands uses permitted in a JEDD.
- They include various language changes. For instance, local officials said, Montgomery County was initially part of what is now the Miami Crossing contract, but has now been eliminated.
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