Dublin is eyeing a tax-increment financing area close to the Ohio University medical campus.
Dublin City Council members this week heard the first reading of two ordinances that would establish TIF areas south of U.S. Route 33 near the U.S. Route 33/state Route 161 interchange.
Two ordinances are needed because the 25 acre area is in Franklin and Union counties, said Angel Mumma, Dublin's finance director.
If approved, property taxes from the TIF area will go into a fund that is expected to help fund infrastructure construction and improvements in the area. The TIFs would cover area around the OU College of Osteopathic Medicine that is deemed hotel or conference center use.
Dublin or OU has the ability to propose a project in that area.
As a school, OU is tax exempt. The TIF ordinances before council, however, include a requirement that OU would have to pay a service tax to the city if it develops within the TIF area.
"We wanted it that way so this valuable property would bring in tax money," Mumma said.
The TIFs would be non-school, Mumma said, which means Dublin City Schools and Tolles Career and Technical Center would receive payments equal to what they would otherwise receive in property tax from the area.
The TIFs are expected to go before council for a second reading and vote Feb. 11.
Rezoning that will bring 14,500 square feet of development to the north side of Perimeter Drive was approved by Dublin City Council members this week.
During the Jan. 28 meeting, council members approved the rezoning of 2.9 acres on Perimeter Drive between Avery-Muirfield Drive and Hospital Drive from planned commerce district to planned unit development in a six-to-zero vote.
Council member Richard Gerber was absent.
The rezoning is expected to bring a 14,500 square foot retail building that includes space for restaurants and patios.
Surrounding land has been developed and includes Huntington, Champaign Bank, Primrose School daycare and medical offices.
Earlier this month, Paul Ghidotti of the Dailmer Group told council members there is interest in the development.
"We have not gone to signing anything yet, because we want to make sure you're OK with it," he said. "There is a need in this area for more food service operators."