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5 things to know about new Dayton, Miami Twp., Miamisburg JEDD deals

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.

RELATED: Vote changes Dayton Mall district’s name to Miami Crossing

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.

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RELATED: Joint tax districts bringing in more funds

  • 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.

RELATED: New restaurant announced as first project in Dayton Mall area master plan

  • They allow residential/multifamily use. Local officials said this is due to a change in state law that expands uses permitted in a JEDD.

RELATED: Board overseeing Miami Crossing District hiring firm to study upgrading landscaping

  • 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.

MORE COVERAGE OF THIS ISSUE:

RELATED: Four things to know about the Miami Crossing District

RELATED: Report outlines scenarios for business park next to airport

RELATED: Study: Land near airport can capture defense, aviation jobs

RELATED: New hangar in works at Dayton-Wright Brothers Airport

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