FINANCIAL_SERVICESAMENDED

City of Wooster City Council Agenda Packet May 18 2026

Enterprise Zone Agreement Assigned to Triple J 1909 LLC

Tax exemption of 75% of real estate taxes for 10 years (no new monetary consideration stated for assignment)Town of WoosterTRIPLE J 1909 LLCMay 16, 2026

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Description

The City of Wooster is authorizing assignment of its existing Enterprise Zone Agreement for the 1909 Old Mansfield Road project to Triple J 1909 LLC, maintaining a 75% real property tax exemption for the remaining term through 2028. Triple J 1909 LLC assumes the owner role and all obligations under the economic development agreement while continuing to operate the 120,000-square-foot warehouse facility.

Contract Details

Contract Amount

Tax exemption of 75% of real estate taxes for 10 years (no new monetary consideration stated for assignment)

Vendor

TRIPLE J 1909 LLC

Agency

Town of Wooster, OH

Contract Type

FINANCIAL_SERVICES

Document Date

May 16, 2026

Contract Term

Remainder of original 10‑year EZ term through December 31, 2028, with operations obligation through December 31, 2038

Renewal Date

2028-12-31

Renewal Info

Original EZ granted a 10‑year, 75% real property tax exemption commencing in tax year 2019 and expiring December 31, 2028, with a requirement to maintain operations at the project site through December 31, 2038. The 2026 assignment modifies only the identity of the Enterprise; all other terms, including expiration and compliance conditions, remain in force. Future amendments or transfers require express written City approval under ORC 5709.631(B)(10).