After weeks of discussion and several proposed options, the Anderson Meadows Tax Incentive District was approved at Monday's Hilliard City Council meeting.

After weeks of discussion and several proposed options, the Anderson Meadows Tax Incentive District was approved at Monday's Hilliard City Council meeting.

An amended ordinance proposing what council president Brett Sciotto called a "hybrid combination" 10-year, 75 percent Tax Increment Finance agreement on a 208-unit, 20.9-acre multi-family development and a 10-75 non-school TIF on a 76-unit, 19.5-acre single-family development was passed 6-0 by emergency legislation.

Parcels of property in the TIF district will have an increased assessed valuation since they are being used for a public purpose, and 75 percent of that increase will be exempted from taxation for 10 years. The non-school TIF means the Hilliard City School District would be paid an amount equal to the real estate taxes it would have received on the exempted portion of the improvements had the property been exempted.

In recent years, Hilliard has used TIFs to fund infrastructure improvements, and in the case of the Anderson Meadows development, officials say improvements to Alton Darby Creek and Roberts roads would be necessary. The original ordinance proposed a 30-year, 100 percent non-school TIF, but Norwich Township Trustees and the HCSD expressed concern with that option. Four other options were proposed, including the hybrid.

At the city's planning, projects and services committee meeting held earlier in the day, council member Albert Iosue proposed another option: a 10-year, 50 percent TIF over the entire development, which he said would provide Norwich Township with more revenue than the 10-75.

Schottenstein Homes executive vice president Paul Coppel said he supported either option.

However, Sciotto said Hilliard has historically "never done anything but a non-school TIF on single-family residential. It is my interest that we continue that trend."

Council member Jim Ashenhurst agreed, calling for "the distribution of the funds in an equitable manner first the city, secondly the schools." Ashenhurst said the township will still receive "a sizable amount of money" from the property, which was rezoned from a rural to a planned unit development July 12.

Council members Kelly McGivern and Bill Uttley also voiced their support for the hybrid 10-75. Tim Roberts, who chairs the CPPS committee, was not present.

According to data from the Hilliard finance department, the payment in lieu of taxes for the combination 10-75 non-school single-family TIF and 10-75 multi-family TIF from 2013-2022 is estimated to be $5,364,701.74.

A related ordinance, authorizing the city to enter into a 17-point developer's agreement with Schottenstein Homes regarding construction and financing public improvements, also received emergency passage. In the agreement, the city of Hilliard agrees to waive direct payment of certain fees required by city code from Gahanna-based Schottenstein Homes.

The development of the Anderson Farms property was approved last November by the Big Darby Accord Panel. It will include 7.4 acres of parkland and 23 acres of off-site open space donated by Mrs. Janet Anderson "as part of their family's commitment to conservation of the Big Darby Accord," Iosue said.