Upper Valley Career Center Board Meeting Agenda 2026-04-27
Board OKs Income Tax Sharing Agreement with City of Sidney
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Description
The Board approved Resolution VR9-2026 entering an income tax sharing agreement with the City of Sidney and Sidney City Schools tied to the VSF Holdings Ltd CRA project. The agreement allocates a portion of new employee income tax revenues to compensate the districts for foregone property taxes.
Contract Details
Vendor
CITY OF SIDNEY
Agency
Upper Valley Career Center, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
For duration of CRA exemption and income tax sharing period
Renewal Info
Agreement may be amended or modified only in writing signed by all parties or as required by law changes; term runs with the CRA exemption and associated revenue period.
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