Reynoldsburg City Council has scheduled a public hearing at 7 p.m. Monday, May 5, on a proposal to enter into a joint-economic-development-zone agreement with Etna Township.
The proposal is also on the finance committee agenda for Monday and a special council meeting will be held immediately after the committee meetings so members can vote on the ordinance as an emergency measure.
Council committee meetings are scheduled to start at 7:30 p.m.
All the meetings will take place at the Reynoldsburg Municipal Building, 7232 E. Main St.
Etna Township has also scheduled an information session about the proposed JEDZ at 6 p.m. Monday at Etna Township Hall, 81 Liberty St.
According to Township Administrator Rob Platte, the agreement between the two entities is a preliminary step toward getting the proposal on the Nov. 4 ballot. Etna Township residents would still have to approve the JEDZ, if officials decide to proceed.
Platte said the JEDZ would allow Reynoldsburg to collect a 1.5-percent income tax on 1,497 acres in Etna Township at the intersection of Interstate 70 and state Route 310 and on the remaining properties in Etna Corporate Park. The JEDZ would include 58 parcels and corporate park businesses that include Ascena Retail Group, Best Lighting Products, Michael Shank Racing and the Ridge Corp.
He said the JEDZ could generate $400,000 annually, with 70 percent going to Etna Township, 20 percent to Reynoldsburg and 10 percent to a JEDZ improvement fund.
Etna Township would use JEDZ funds for road projects, such as the state’s planned improvements to the state Route 310 bridge that spans Interstate 70, Platte said.