Sunday, January 20, 2019 Elyria 17°

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Sheffield Council OKs tax incentives for new building


SHEFFIELD — Council approved two ordinances that will allow a new building to be constructed on one of the lots of French Creek Business Park, which has been vacant since 1999.

“It has sat empty long enough, and we need to take action to expedite it as soon as we can,” said Mayor John Hunter.

The ordinances approved Monday night gave property tax incentives to create a 103,527-square-foot building that will bring in businesses. The ordinances included moving the property from one tax increment financing program — TIF — to another with certain additional conditions.

French Creek Business Park was placed under a TIF program, which subsidizes companies through refunding or diverting parts of their taxes to finance development in an area, nearly 20 years ago. Since then no other properties or improvements have been developed.

In 2014, Amware Distribution Warehouse opened on the property at 3637 Mallard Run, bringing 64 new jobs and $30,000 in annual revenue. However, the warehouse didn’t build a new building, so a subsidiary of the company is starting a new TIF on several pieces of property to make a building to lease to other businesses.

In a written commitment under the ordinances, Hunter said, the subsidiary promises to pay the village $20,000 per year replacing income tax if it doesn’t bring jobs to the community. Once the property is built, the company also would market the property to attract renters.

Construction will start immediately after notification, and the subsidiary plans to have the building completed by Sept. 1 of this year.

Contact Bruce Walton at 329-7123 or Follow him on Twitter @BruceWalton.

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