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.