The first meeting of the directors of the first Joint Economic Development District agreement between Sylvania Township and the city of Sylvania resulted in. among other things, beginning the process of instituting a 1.5 percent income tax on those in the district.
The city will be responsible for the administration of the district’s taxation issues and William Sanford, a member of the board and the city’s director of economic development, said the city’s taxation office is ready to take on those duties.
The district, 4220 Holland-Sylvania Rd., is the campus of what is generally known as Oakleaf Village.
An official of Wallick Communities, the owners of Oakleaf, said the company intends for their employees to not see a reduction in their net income.
The board of directors is responsible for the maintenance of the district and that will be one of the primary uses for the tax funds collected.
The city will retain 2 percent of collections for administrative costs. After deductions for a maintenance fund and administrative costs, any funds remaining will be split between the city and the township.
Board members left it primarily to Mr. Sanford and board member Oliver Turner, administrator of Sylvania Township, to identify someone to take the position of chairman of what would then become a five-member board.
Mr. Turner volunteered to find someone to act as board secretary.
The board also determined that it will adhere to the sunshine laws of the state of Ohio in terms of open meetings and public records. They also voted to obtain liability insurance.
The board set its next meeting for Oct. 19.
Written by: Mike Jones, Public Information Officer
Published: September 24, 2020
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