Taxes from the Creekside Meadows, Falling Water and Aspen Trails subdivisions, which would normally go to the schools and other entities, would be put in a fund to be used to pay for township road widenings and a new firehouse.

The schools would receive annual payments from the fund.

"We end up with the same amount of money in our pocket that we would if it were not in the taxing district,'' said Joan Powell, president of the Lakota Board of Education. "It just comes to us from a different funding stream."

Lakota treasurer Alan Hutchinson said the district would be paid $11.9 million over the 30-year period, averaging $398,239 each year.

The money is already included in district financial projections.

Under Ohio law, the school board must be part of the agreement because the township wants to divert taxes from the neighborhoods for a 30-year period.

A public hearing to explain the proposal and get reaction is set for 7 p.m. today, at the township hall, 6400 Princeton Road. Trustees won't vote to establish the district until next month.

There are 529 homes planned in the three subdivisions, of which 104 are already built.

The taxing district would affect those who are living there now and future homeowners.

Dina Minneci, township administrator, said three projects that would be paid for with the anticipated revenue are replacement of the township's original 1950s Maustown firehouse No. 1, in 2006; widening the Ohio 747-Kyles Station Road intersection in 2006, and expanding Ohio 747 to four lanes between Princeton Road and Ohio 4 by 2012.