OTHERPENDING

Molto Canal Pointe II LLC School PILOT Agreement

Molto Canal Pointe II LLC will enter into a School Compensation Agreement with the Canal Winchester Local School District and the City of Canal Winchester tied to a 15-year, 100% CRA tax exemption for a new 210,748 square foot industrial building. In exchange for the abatement, Molto will make annual payments in lieu of taxes based on building square footage to compensate the School District for foregone real property tax revenue, alongside shared City income tax payments subject to a revenue cap.

Status
PENDING
Document date
July 1, 2026
Contract type
OTHER
Vendor
Molto Canal Pointe Ii Llc
Agency
Canal Winchester Local Schools · OH

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$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 tax
Contract type
OTHER
Contract term
Fifteen (15) year CRA Exemption Period for the Building, not extending beyond tax year 2038
Renewal date
2039-12-31
Renewal
Agreement duration is tied to the CRA Exemption Period for the exempted property and terminates if the CRA Exemption Period is ended early due to an uncured developer default, after final payments for the last exemption tax year. Any amendments require written mutual agreement of all parties.
Document type
Agreement
Source document
Canal Winchester Local School District Agreement School Compensation Agreement 2026-07-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Canal Winchester Local Schools?

Molto Canal Pointe Ii Llc was awarded this government contract by Canal Winchester Local Schools, as recorded on July 1, 2026. The contract value is $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 tax.

How much is the Molto Canal Pointe Ii Llc contract with Canal Winchester Local Schools worth?

The Molto Canal Pointe Ii Llc contract with Canal Winchester Local Schools is valued at $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 tax.

What type of contract is this?

This is a government contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Canal Winchester Local School District Agreement School Compensation Agreement 2026-07-01 (Agreement), dated July 1, 2026 from Canal Winchester Local Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Molto Canal Pointe Ii Llc hold?

Molto Canal Pointe Ii Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Molto Canal Pointe Ii Llc's profile

What is Canal Winchester Local Schools currently buying?

Explore Canal Winchester Local Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Canal Winchester Local Schools's profile

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