City of Lebanon AgendaPacket City Council Meeting 2026-06-09
City Approves TIF Term Sheet for Arrow Springs Project
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Description
Lebanon City Council approved participation in a TIF agreement and term sheet with Athletic Community Experience, LLC for the Arrow Springs mixed-use development, enabling up to $7.5 million in bond financing for public infrastructure over a 30-year term.
Contract Details
Vendor
ATHLETIC COMMUNITY EXPERIENCE LLC
Agency
City of Lebanon, OH
Contract Type
OTHER
Document Date
June 9, 2026
Contract Term
up to 30 years (TIF public infrastructure financing)
Renewal Date
2058-12-01
Renewal Info
Bonds expected to mature December 1, 2058. Cooperative and Service Payments Agreements to govern ongoing payments and reporting.
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