City of Fairfield Agenda Packet 2026-05-26
CRA Incentive Deal for Butler County Trade Center
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Description
Fairfield plans to enter into a Community Reinvestment Area and school compensation agreement with NorthPoint Development, LLC to support the Butler County Trade Center project with a 10‑year, 75% property tax abatement. In return, NorthPoint will invest over $130 million in five industrial buildings and commit to job creation and school PILOT payments.
Contract Details
Vendor
NORTHPOINT DEVELOPMENT LLC
Agency
Town of Fairfield, OH
Contract Type
FINANCIAL_SERVICES
Document Date
May 23, 2026
Contract Term
10-year, 75% real property tax exemption per building; no exemption commencing after tax year 2031 and none extending beyond tax year 2040 (taxes payable in 2041)
Renewal Date
2041-12-31
Renewal Info
CRA abatement term is fixed at 10 years per building, with no start after tax year 2031 and no abatement after tax year 2040; continuation contingent on compliance and payment of any required shortfall and school PILOT payments.
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