City officials are moving ahead with plans to bring 119 new single-family homes to Powell.

City officials are moving ahead with plans to bring 119 new single-family homes to Powell.

At their Dec. 4 meeting, Powell City Council members heard the first reading of a pre-annexation agreement, including site plans, for a new residential subdivision just south of Home Road and west of Steitz Road.

Council already approved a resolution to extend city services, including police protection and street maintenance, to the land in anticipation of an annexation early last month.

The unincorporated 67-acre plot currently straddles the line between Liberty Township and Concord Township.

The plan divides the land into 119 lots for single-family homes.

Metro Development LLC is planning the subdivision and M/I Homes would construct the houses, said City Manager Steve Lutz.

A timeline for construction hasn't been established, but Lutz said infrastructure improvements for the subdivision likely would begin in 2013.

The lots would be similar in size to those in the nearby Scioto Reserve subdivision north of Home Road.

Council will hear a second reading and vote on the pre-annexation agreement at its meeting Tuesday, Dec. 18. If approved, it would authorize final annexation, zoning and development.

Officials originally planned to forgo a second reading and adopt the agreement at a Dec. 4 meeting but held off due to an administrative delay.

It was approved by the city's Planning and Zoning Commission last month.

"We wanted to get it on the first reading," said city Attorney Gene Hollins. "Time is of the essence with respect to starting the annexation process so they can get through the planning and zoning process. They want to start that over the holidays and maybe they can start turning dirt next construction season."

Also at the Dec. 4 meeting, council approved the 2013 city budget following two readings at prior meetings.

Overall, the city is projecting the budget to grow by about 10 percent next year, driven mostly by increased operating costs and a number of one-time expenditures

The current budget projects an operating deficit of $594,000 in 2013, but officials said they're hopeful a balanced budget will be achieved by looking for savings throughout the year.

Council also heard an update on the 44 Center for Business, a small-business incubator at 44 N. Liberty St.

The incubator is maintained by Historic Downtown Powell Inc.

HDPI Chairman Tom Coffey said it welcomed two new tenants since Oct. 1: Resition Inc., a layoff management company; and Click2Sell, an online consulting company.

Coffey said HDPI is accepting applications at visitpowell. com for new tenants to fill three remaining spaces at the incubator.