15-Year CRA Deal Approved for Canal Pointe Project

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

15 years from effective date, follows the property even with change in ownership

Renewal

Runs for 15 years following effective date; assignment permitted with city approval. Not auto-renewed.

Document type

AgendaPacket

Source document

Canal Winchester AgendaPacket Meeting Agenda 2026-06-15

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Canal Winchester Local School District Agreement School Compensation Agreement 2026-07-01

PENDING

Canal Winchester Local Schools, Ohio$0.25 per gross square foot annually (estimated $52,687 per year) plus 25% of City income tax receipts from the Building, capped at foregone school real property taxJul 1, 2026

Canal Winchester Minutes Meeting Minutes 2026-06-01

APPROVED

City of Canal Winchester city, OhioJun 1, 2026

Canal Winchester Council Work Session Meeting Minutes 2026-06-01

Canal Winchester City Council Meeting Agenda 2026-06-01

APPROVED

City of Canal Winchester city, OhioEstimated $19,975,000 investment; one-time payment of $105,374 to City; annual payment of $52,687 to School District; 20% of income taxes generated in building to School DistrictJun 1, 2026

Canal Winchester Council Work Session Meeting Agenda 2026-06-01

PENDING

City of Canal Winchester city, OhioEstimated $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 districtJun 1, 2026

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 15, 2026.

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 AgendaPacket Meeting Agenda 2026-06-15 (AgendaPacket), dated June 15, 2026 from City of Canal Winchester city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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