Miami Township trustees created a new Tax Increment Financing (TIF) district for the Conrad Apartments project on Tuesday, Oct. 20, giving the development an economic incentive tool that redirects future property tax revenue toward public infrastructure.
Resolution R2026-45, presented by township administrator Stephen M. Kelly, covers 15.642 acres across seven Clermont County parcels, according to the township's meeting packet. The site includes a 14.955-acre multifamily portion and a 0.677-acre commercial outlot.
The board declared the resolution an emergency measure and adopted it on first reading, bypassing the usual two-reading requirement under Ohio Revised Code Section 504.10. It took effect immediately.
Trustees Ken Tracy and Mary Makley Wolff were present for the meeting at the Miami Township Civic Center. Trustee Mark Schulte was absent.
What a TIF means for the area
Under a TIF, property owners make service payments in lieu of taxes on the increased value of new construction. Those payments flow into a dedicated fund the township uses for public improvements that benefit the district. The underlying pre-development tax base continues to go to schools and other taxing bodies as usual.
The resolution directs the township clerk to certify copies to the Clermont County Auditor, the Clermont County Treasurer, the Milford Exempted Village School District and Great Oaks Career Campuses.
Conrad is a 315-unit apartment project from Columbus-based Metropolitan Holdings, which the Cincinnati Business Courier reported had started vertical construction along a corridor local officials have targeted for redevelopment.
Not the township's first TIF
The Conrad TIF is at least the second such district Miami Township has established in recent years. Trustees adopted the "Rise TIF" through Resolution 2025-19 on March 18, 2025, with all three trustees voting. That resolution exempted 100% of new improvement value for up to 30 years and required annual status reports to the Ohio Development Services Agency.
The township also held a special meeting Sept. 22 to hear a presentation on a proposed Villas at Meadowside TIF district, according to a public notice.
The Oct. 20 meeting also included the swearing-in of firefighter/paramedics Mathew Leeper and Corey Spitznagel, resolutions for ODOT pedestrian crossings, and infrastructure items including Beech Road culvert rehabilitation and Bailey Drive storm repair. The board entered executive session to discuss employee compensation and confidential economic development information.
The full meeting packet is available on the Miami Township website.
