orange-city-schools-report-2024-11-25_7de.pdf
Pinecrest TIF Payments Continue from Orange Village
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Description
Orange City School District continues to receive annual compensation from Orange Village under a 30-year TIF agreement related to the Pinecrest development, with current payments around $1 million per year. The agreement, established in 2015, compensates the District for redirected taxes on the commercial development.
Contract Details
Contract Amount
Approximately $1,000,000 per year (PILOT and compensation agreement)
Vendor
ORANGE VILLAGE
Agency
Orange City Schools, OH
Contract Type
OTHER
Document Date
November 25, 2024
Contract Term
30 years (2015–2045 expected)
Renewal Date
2045-12-31
Renewal Info
Initial agreement executed in 2015 for 30 years; no renewals or amendments stated; ongoing unless renegotiated or superseded by new legislation.
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