15-Year CRA Deal Approved for Canal Pointe Project
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Description
City Council approved a CRA and school compensation agreement with Molto Canal Pointe II, L.L.C., granting tax abatements and setting community benefit payments tied to new construction. The 15-year agreement remains in force with successive owners.
Contract Details
Vendor
MOLTO CANAL POINTE II LLC
Agency
Canal Winchester Joint Recreation District, OH
Contract Type
OTHER
Document Date
June 15, 2026
Contract Term
15 years from effective date, follows the property even with change in ownership
Renewal Info
Runs for 15 years following effective date; assignment permitted with city approval. Not auto-renewed.
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Issuing Agency
Special District
Canal Winchester, OH
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