town-of-east-unionmeeting-minutes2025-02-10_fda.pdf
D.R. Horton TIF proposal for water infrastructure approved
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Description
Proposed residential Tax Increment Financing (TIF) agreement with D.R. Horton to share the cost of constructing water and sanitary sewer lines within the constraints of the development that would be owned by the City. The city would reimburse D.R. Horton over a period of time as the development actually occurs and payments in lieu of taxes are generated for water and sanitary sewer lines up to $350,000 from pilots as the housing is built, sold and added to the tax duplicate.
Contract Details
Contract Amount
$350,000
Vendor
D.R. HORTON INC.
Agency
Town of East Union, OH
Contract Type
Tax Increment Financing
Document Date
February 10, 2025
Contract Term
30 years
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