The Press Newspaper
Representatives of The Home Depot have indicated they plan to attend this week’s meeting of the Troy Township trustees and offer more details about a planned distribution center the company is considering, Matthew Brinker, a trustee said.
The trustees will hold their regular meeting June 26 at 7 p.m. at the fire hall on Krotzer Avenue in the Village of Luckey.
In May, the township zoning commission approved site plans submitted by the company for about 150 acres located south of U.S. 20.
“We’d like to get more information about a possible start date and how many jobs are involved,” Brinker said Thursday. “Are they planning on running more than one shift? We’ll also talk about property taxes.”
The Eastwood school board Thursday morning approved an abatement agreement for the property that would be in effect for 15 years, according to Brent Welker, school superintendent.
Under the agreement the district will receive $675,000 annually starting in January 2015 – a total of $10.12 million. The payments would end in January 2029 and the company would begin paying property taxes in 2031.
“There will be one year between the end of the agreement and their placement on the (tax) duplicate. They have agreed to pay the district one year earlier than anticipated as a courtesy,” Welker said in an email message to school district residents.
The agreement stipulates the school board use the money for capital expenses or permanent improvements, which is similar to an abatement agreement the district had with Troy Energy, Welker said.
He described the Home Deport agreement as a “real blessing for the taxpayers and residents of the district,”
A community forum to discuss how to use the funding will probably be scheduled for August or September, Welker said.
Company officials Thursday declined to discuss the project.
“We are considering this location for a distribution center, but do not have any confirmation at this time,” said Stephen Holmes, senior manager corporate communications, in an email message to The Press.