City of Fairfield AgendaPacket Regular Meeting 2026-06-08
CRA Incentives Approved for NorthPoint Butler Trade Center
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Description
Council approved a CRA and School Compensation agreement with NorthPoint Development LLC, granting a 10-year, 75% property tax abatement and requiring annual compensation payments to local schools for the construction of Butler County Trade Center.
Contract Details
Vendor
NORTHPOINT DEVELOPMENT LLC
Agency
Town of Fairfield, OH
Contract Type
OTHER
Document Date
June 8, 2026
Contract Term
CRA: 10-year, 75% property tax abatement; annual school compensation
Renewal Date
2036-06-08
Renewal Info
10-year agreement; payments, abatement, and job/payroll targets specified in agreement. Potential for clawback if minimums not met.
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