OTHERPENDING

Canal Winchester Proposes CRA Agreement with Molto Canal Pointe II LLC

The City of Canal Winchester approved moving forward on a Community Reinvestment Area Agreement with Molto Canal Pointe II, L.L.C., offering a 100% real property tax exemption for 15 years tied to an estimated $19.98 million industrial development. The agreement requires annual payments to the school district and community benefit payments based on building square footage. Income tax revenue sharing also forms part of the compensation.

Status
PENDING
Document date
June 1, 2026
Contract type
OTHER
Vendor
Molto Canal Pointe Ii Llc
Agency
City of Canal Winchester city · OH

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Estimated $19,975,000 investment; annual Base PILOT Payment of $52,687; Community Benefit Payment of $0.25/sf at permit and $0.25/sf at occupancy (total $0.50/sf); 25% of City income tax receipts shared with school district
Contract type
OTHER
Contract term
Fifteen (15) years for real property tax exemption (not later than tax year 2040)
Renewal date
2043-12-31
Renewal
Fifteen-year CRA exemption; no automatic renewals. Early termination if obligations not met or if project not developed by tax year 2040. School compensation payments and community benefit payments are annual throughout exemption period.
Document type
AgendaPacket
Source document
Canal Winchester Council Work Session Meeting Agenda 2026-06-01

Related contracts

Other contracts from Molto Canal Pointe Ii Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Canal Winchester city?

Molto Canal Pointe Ii Llc was awarded this government contract by City of Canal Winchester city, as recorded on June 1, 2026. The contract value is Estimated $19,975,000 investment; annual Base PILOT Payment of $52,687; Community Benefit Payment of $0.25/sf at permit and $0.25/sf at occupancy (total $0.50/sf); 25% of City income tax receipts shared with school district.

How much is the Molto Canal Pointe Ii Llc contract with City of Canal Winchester city worth?

The Molto Canal Pointe Ii Llc contract with City of Canal Winchester city is valued at Estimated $19,975,000 investment; annual Base PILOT Payment of $52,687; Community Benefit Payment of $0.25/sf at permit and $0.25/sf at occupancy (total $0.50/sf); 25% of City income tax receipts shared with school district.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Canal Winchester Council Work Session Meeting Agenda 2026-06-01 (AgendaPacket), dated June 1, 2026 from City of Canal Winchester city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Molto Canal Pointe Ii Llc hold?

Molto Canal Pointe Ii Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Molto Canal Pointe Ii Llc's profile

What is City of Canal Winchester city currently buying?

Explore City of Canal Winchester city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Canal Winchester city's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free