Ordinance 2025-27
- Published: November 20, 2025
— Public Notice —
ORDINANCE 2025-27
RE: TAX INCREMENT FINANCING
VILLAGE OF YELLOW SPRINGS, OHIO
Interested persons will take note that the Village Council of Yellow Springs on Monday, Nov. 17 gave emergency reading and passed into law the following ordinance:
• Ordinance 2025-27: Declaring the Improvement to Certain Parcels Associated with the WYSO Project in the Village to be a Public Purpose and Exempt from Real Property Taxation Pursuant to ORC 5709.40(B); Requiring the Owners of Those Parcels to Make Service Payments in Lieu of Real Property Taxes; Establishing a Municipal Public Improvement Tax Increment Equivalent Fund for the Deposit of Those Service Payments in Lieu of Real Property Taxes; Requiring the Distribution of a Portion of Those Service Payments in Lieu of Real Property Taxes to the Yellow Springs Exempted Village School District and the Greene County Career Center; Specifying the Public Infrastructure Improvements that Directly Benefit the Parcels; and Approving Related Matters and Declaring an Emergency.
This Ordinance authorized Village Council to declare qualified improvement projects as a public purpose and owners of said property required to make service payments, in compliance with ORC and as approved by Council, in lieu of real property tax payments for the purpose of funding public improvements.
* Full text of ordinance is on file with the Council Clerk and online at Clerkbase.
—Kevin Stokes, President of Council
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