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Find Building and Properties for sale in the City of Medina (Economic Development)

Local Economic Agreements

LOCAL ECONOMIC AGREEMENTS

York Township - Currently, the City of Medina has an economic agreement with York Township. This agreement is a Cooperative Economic Development Agreement (CEDA) which consistes of 14 parcels of land located along Stone Road, Branch Road and Smith Road containing approximately 273.18 acres. The CEDA agreement with York Township permits annexation of properties without being detached from York Township. The City will not annex any other properties in York Township for the period of the agreement (50 years). The CEDA agreement expands the City's available industrially zoned land by the approximately 273.18 acres. For the maps of the CEDA property, both detailed and in relationship with other industrially zoned properties in Medina, you may click Map 1 - Detailed and Map 2 - I-1 Properties. The CEDA agreement may be viewed and printed by clicking here.

Montville Township - In 2010, The City of Medina and Montville Township joined forces to create a Joint Economic Development District (JEDD) within commercial zones along sections of State Routes 3 and 18 in Montville Township.  This economic development tool benefits landowners and business owners who elect to join. A portion of the revenue created in the JEDD can be used by businesses for current - and future - property improvement. 

 For a comparative analysis of a CEDA and JEDD scroll down:  

  CEDA - ORC 701.07 JEDD - ORC - 715.72-715.83
Who may enter into Agreement? 1. Municipal Corporations 1. Municipal Corporations
  2. Townships 2. Township(s) - Not necessarily contiguous to one another, but max of one intervening municipal corporatin or township - Creates special purpose district
  3. County with pproval of 1 & 2  
  4. Person or private entity(#10 below)  
  5. State or State Agency - upon approval of Governor and other parties to agreement  
     
What can it contain? 1. CEDA area indentified 1. JEDD district identified area
  2. Provision of Joint Services/Permanent Improvements in incorporated or unincorporated areas 2. Property tax revenue in District may be shared
  3. Provision of services/improvements by municipality in unincorporated areas 3. JEDD Board may levy an income tax on employees employed and businesses             operating in JEDD and may be shared
  4. Provision of services/improvements by township or county in municipality 4. If contracting parties have previous utilities contract, modifying that contract may not constitute consideration for signing the JEDD contract
  5. Service fees from township/county to municipality 5. Grant tax exemption under Enterprise Zone Law on property in JEDD
  6. Service fees from muni. to township/county 6. Cannot include territory with electors residing in it or zoned residential
  7. Issurance of notes and bonds by either party for purposes in the CEDA  7. Annexation of territory within JEDD prohibited for three years contract is signed, and beyond three years if contract specifies 
   8. Municipal industrial development notes, bonds, debt obligations for project in unincorporated area 8. Municipal corporation may issue industrial development bonds for projects in JEDD, or in township adjacent to the municipal corporation
   9. Agreed territory to be annexed  
  10. Time specific annexation prohibited  
  11. Public service, facility or improvement agreements with landowners or developers  
  12. Apply tax abatement statues in CEDA area   
  13. Change township boundaries under ORC 503 to exclude annexed area from old township and provide services in area.   
  14. Municipality may earmark to its general fund, a portion of utility charges collected from outside municipality but in CEDA - if the CEDA does not cover annexation matters   
  15. Payments in lieu of taxes to a township from municipality   
  16. Any other matter regarding annexation territory or development  
     
Sharing of tax revenue  Municipality may NOT share proceeds from tax levies, but such proceeds may be used to make payments authorized under CEDA to Township  Expressly permits sharing of property tax revenue for territory within JEDD district between the township and municipal corporation
Public Approval  Public hearing required before entering agreement. open to public for 30 days prior to hearing  Submitted to electors for vote in some cases. Board's approval of contract subject to referendum 
Changes  CEDA may be amended at any time in same manner as initially authorized.  May expand area later in same manner as initially authorized, but approval of township electors not required

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