$20 Million Canal Pointe II CRA Agreement Approved

Scope & details

The full contract record, as filed.

Contract amount

Estimated $19,975,000 investment; one-time payment of $105,374 to City; annual payment of $52,687 to School District; 20% of income taxes generated in building to School District

Contract type

OTHER

Contract term

15-year, 100% property tax exemption on improvements; 10-year, 50% exemption for remodeling over $100,000

Renewal date

2041-06-01

Renewal

CRA term is 15 years for new improvements; 10 years for remodeling with minimum $100,000 investment. No automatic renewals disclosed.

Document type

Agenda

Source document

Canal Winchester City Council Meeting Agenda 2026-06-01

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Canal Winchester Local School District Agreement School Compensation Agreement 2026-07-01

PENDING

Canal Winchester Local Schools, Ohio$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 taxJul 1, 2026

Canal Winchester AgendaPacket Meeting Agenda 2026-06-15

APPROVED

City of Canal Winchester city, OhioJun 15, 2026

Canal Winchester Minutes Meeting Minutes 2026-06-01

APPROVED

City of Canal Winchester city, OhioJun 1, 2026

Canal Winchester Council Work Session Meeting Minutes 2026-06-01

Canal Winchester Council Work Session Meeting Agenda 2026-06-01

PENDING

City of Canal Winchester city, OhioEstimated $19,975,000 investment; annual Base PILOT Payment of $52,687; Community Benefit Payment of $0.25/sf at permit and $0.25/sf at occupancy (total $0.50/sf); 25% of City income tax receipts shared with school districtJun 1, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Canal Winchester city?

Molto Canal Pointe Ii Llc was awarded this government contract by City of Canal Winchester city, as recorded on June 1, 2026. The contract value is Estimated $19,975,000 investment; one-time payment of $105,374 to City; annual payment of $52,687 to School District; 20% of income taxes generated in building to School District.

How much is the Molto Canal Pointe Ii Llc contract with City of Canal Winchester city worth?

The Molto Canal Pointe Ii Llc contract with City of Canal Winchester city is valued at Estimated $19,975,000 investment; one-time payment of $105,374 to City; annual payment of $52,687 to School District; 20% of income taxes generated in building to School District.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Canal Winchester City Council Meeting Agenda 2026-06-01 (Agenda), dated June 1, 2026 from City of Canal Winchester city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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