Shelby County Civicplus #30

Public Notice: Franklin Township Community Reinvestment Area Tax Incentive Program

This public notice announces the proposed establishment of the Franklin Township Community Reinvestment Area (CRA) in Shelby County, Ohio. - Government Buyer: - Board of County Commissioners of Shelby County, Ohio - Board of Township Trustees of Franklin Township - Program Overview: - The CRA is designed to stimulate development and reinvestment in designated areas of Franklin Township with limited recent construction or remodeling. - Property tax exemptions are offered for qualifying improvements to residential, commercial, and industrial properties within the CRA boundaries. - Incentives and Requirements: - Residential properties: 100% property tax exemption for five years for remodeling projects that increase market value by $20,000 or more. - Commercial/industrial properties: Up to 100% exemption for five years for remodeling (with $50,000+ increase in value), and up to 100% exemption for up to fifteen years for new construction (terms negotiated per project). - All projects must comply with local zoning regulations and are subject to annual compliance reviews by the Shelby County Tax Incentive Review Council. - An annual local monitoring fee applies to commercial and industrial projects. - No OEMs or vendors are specified, as this is a public notice for a tax incentive program, not a procurement of goods or services.

Description

This solicitation is a public notice for the establishment of the Franklin Township Community Reinvestment Area in Shelby County, Ohio. The initiative aims to encourage development and reinvestment in specific areas of the township that have seen limited remodeling or new construction. The program offers tax exemptions for residential, commercial, and industrial property improvements within the designated area, with terms negotiated on a case-by-case basis. The bid is open with a response deadline of May 9, 2026.

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