The QuikTrip Corporation plans to construct a fueling station and convenience store in Clay Township. The facility will be similar to this one located on Edwin C. Moses Boulevard in Dayton.
Terry Baver | The Register-Herald
CLAY TOWNSHIP — The trustees approved a resolution authorizing a Tax Increment Financing (TIF) area for the proposed QuikTrip convenience store and fuel sales facility, on 6.2 acres of land at 6436 Brookville-Salem Road.
“You have a resolution in front of you that would do two things,” Steve Stanley, from the Montgomery County Transportation Infrastructure District (TID), the county department hired by the trustees to manage the project and serve as their negotiator, said.
“One, it would place the property owned by the QuikTrip Corporation at the interchange of Interstate 70 and state Route 49, subjecting that parcel to designation as a Tax Increment Financing parcel under the terms of the Ohio Revised Code for commercial and industrial property, Stanley said, adding “this is something we publicly discussed several times.”
Stanley said approving the resolution “will freeze the evaluation of that property at pre-approvement levels.”
“However, you will, under the terms of the resolution, be collecting payments in lieu of taxes for the improvements that will be made on the property and the increase in evaluation of the land itself once QuikTrip has developed it,” Stanley said.
“That will enable you to help pay for the public share of the total project, which is, of course, yet to be negotiated in final form,” Stanley continued.
Stanley said approving the resolution will also establish a compensation agreement with the Northmont School District and provide the same terms to the The Miami Valley Career Technology Center.
“The TIF, itself, and the revenue that’s created from the QuikTrip parcel that is going to be collected in payments in lieu of taxes making it what is called a non-school TIFF,” Stanley said.
“That means that portion of the taxable valuation, which would under ordinary taxes be collected and distributed both to the JVS and the school district, will be paid to them in the same amounts from the TIF payments in the taxes the county auditor will distribute to you,” Stanley said.
Stanley said he believes the Northmont City School board of education has already approved the compensation agreement.
Stanley indicated QuikTrip officials are “moving forward at a pretty regular speed” on the project.
“They expect to have all of the revisions to the water line permit completed and submitted to Montgomery County,” Stanley said.
“Hopefully we’ll see a permit issued, I would hope, in the next 60 to 90 days we will see this project get underway next spring once we have a final development agreement in place with QuikTrip, Clay Township and the city of Clayton,” Stanley said.
QuikTrip officials are proposing to build a store with fueling pumps on the property.
Plans call for 10 auto dispensers out front of the convenience store and a section for semi-truck fueling.
There will be parking spaces for truck customers at the side and the rear of the building. There will also be customer parking available around the building.
Reach Terry Baver at [email protected].
