School board approves tax agreement for assisted living facility

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The Carrollton Board of Education approved a tax increment financing (TIF) arrangement for a proposed assisted living facility and an agreement with a Columbus underwriter firm for a proposed new schools building project at a special meeting Aug. 28.

The TIF arrangement approval was made at the request of the Carroll County Board of Commissioners which required approval by both the Commissioners and the Board of Education for Chaela Enterprises, LLC to construct an approximately 60-bed, 38,000 square foot assisted living facility in Center Twp., just north of Carrollton. The facility is estimated to cost at least $4 million and will require the extension of water and sanitary sewer lines at an estimated cost of $400,000. Due to the cost involved, Chaela is proceeding with a TIF arrangement that will enable the company to receive all of the TIF revenue from a 75%, 10-year, rolling TIF and thus offset some or all of the costs of the water and sewer line extensions, plus other costs of public infrastructure improvements. Approval of the agreement with Stifel, Nicolaus & Company, enables the school district to obtain the required services of an underwriter for the district’s Ohio Facility Commission construction project for the construction of a new school facility complex at no cost to the district.

During the special meeting, eight supplemental contracts were awarded for the 2015 -16 school year. They included Adam R. Shipkey, football varsity assistant coach; Cameron D. Clapper, football freshman head coach; Cody Stragan and Brandon Cline, football freshman assistant coaches; Kyle A. Poole and Todd Brown, football Middle School 7th grade coaches; Rodney A. Wood and Richard A. Moyer, football Middle School 8th grade coaches. The board also approved Brooke A. Smith as a substitute teacher and approved changing the date of hiring of Mrs. Karen Ault, a teacher, from Aug. 17 to Aug. 3. The board’s next regular meeting is Sept. 8 at 6 p.m. at the POWER Training Center, 209 Scio Rd. SW, Carrollton.