LIMA, Ohio (WLIO) – Allen County Commissioners are moving forward with the potential development of approximately 345 acres of land along North Cole Street in American Township, following recent state approval of a Community Reinvestment Area (CRA) designation for the site.
A data processing center known as Project BOSCÂ is expressing interest in the land. Earlier this month, the American Township Zoning Appeals Board approved a conditional use permit for the proposed project.
The Elida School District and Apollo Career Center have agreed to an incentive package that includes a 75% property tax abatement and a Payment In Lieu Of Taxes (PILOT). The full proposal includes several additional elements.
"That package not only includes CRA property tax abatement, but it also includes agreements that are put forth for our utilities, both from an electric AEP perspective, water, sanitary sewer, and then we'll also have a plan for road work improvements," said Cindy Leis, President and CEO of the Allen Economic Development Group.
Several of those infrastructure improvements will be funded by the company behind Project BOSC.
On Tuesday, commissioners took procedural steps to formally notify the affected school districts of the proposed CRA agreement.
On Tuesday, commissioners took procedural steps to formally notify the affected school districts of the proposed CRA agreement. A final vote on the legislation could take place as soon as mid-July, at least 14 days after the notifications are issued.
