By Karen Vance
MIAMI TOWNSHIP - The Milford Exempted Village School District has found a way to recoup some of the costs of building three of its new elementary schools - ask the township.
When the trustees approached the district with a 30-year tax increment financing district for a proposed development on Wolfpen-Pleasant Hill Road, the district asked for 14 percent of the proceeds from that development instead of the initial zero-percent proposal.
The township trustees are expected to approve that request at their regular meeting Tuesday. This is the township's fourth such district in the last two years, and because of the 30-year span, each has required school board approval.
"We saw this as an opportunity for us to recoup that money spent on township roads," said John Borchers, the district business manager.
The school district will receive about $500,000 as a result of the negotiation, roughly the amount it has spent on road improvements requested by the township near three of its new elementary schools.
The agreement also provides for the district to receive money from the tax district fund if road improvements paid for by the district are required in front of the junior high school.
For the township, the tax district will provide a fund for improvements to Wolfpen-Pleasant Hill Road. The intersection, which leads to the Mulberry Square shopping center, has had several serious accidents in recent months, said Township Administrator David Duckworth.
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