CRA Agreement With Molto Canal Pointe II Advanced
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Description
Canal Winchester council advanced a resolution authorizing a Community Reinvestment Area agreement with Molto Canal Pointe II, L.L.C. for a 15-year tax exemption on new building value, including school compensation and per-square-foot community benefit payments. The measure moves from work session to full Council for final approval.
Contract Details
Vendor
MOLTO CANAL POINTE II LLC
Agency
City of Canal Winchester city, OH
Contract Type
OTHER
Document Date
June 1, 2026
Contract Term
15 years
Renewal Info
Initial CRA term proposed for 15 years; agreement runs with the property and may be assigned with city consent if ownership changes.
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