Economic Development / TIF Information
Delhi Township has two Tax Increment Financing (TIF) Districts, a 1994 TIF and a 2016 TIF. Tax Increment Financing is a tool used by local governments to allow a portion of taxes generated by increased property values in a district to be set aside for investment in public improvements within that district. This is not an additional tax, rather it is a tool that directs a portion of property taxes toward projects that will directly improve the physical environment of the community.
On November 23. 2015 the Delhi Township Board of Trustees created a new Tax Increment Financing (TIF) District to invest in the Delhi Pike corridor by Resolution 2015-223. The resolution below includes the resolution, list of commercial properties included, map and school agreements. The new TIF is for 30 years, ending December 31, 2045. The new TIF can be utilized for public infrastructure that benefits the TIF parcels.
The original TIF was created on May 25, 1994 by Resolution 1994-33 and was updated on January 30, 2002 by Resolution 2002-7. The old TIF includes residential and commercial properties throughout the Township. The original TIF was for 30 years, ending in 2023. The 1994 TIF can be utilized for public infrastructure that benefits the TIF properties and or area as well as certain township capital improvements. The 1994 TIF funds will pay for the new Greenwell Fire Station.
On December 30, 2015, the Delhi Township Board of Trustees passed Resolution 2015-258, extending the 1994 TIF by 15 years, as provided by Ohio Revised Code Section 5709.73 (L), now ending in 2038. The resolution below includes the resolution and commercial and residential properties.
Both TIF Districts support the objectives of the Strategic Redevelopment Plan (Plan the Pike).
Please contact us with any questions, comments, or suggestions.
Catherine Feerick, Community & Economic Development Manager
(513) 922-3111 | email@example.com