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Topics Of Discussion J.

Council Work Session

Meeting Date:

04/07/2026

CRA Agreement Amendment - Simms Development - The Gables

Submitted By:

Aaron Sorrell

Department:

Assistant City Manager - Public Services

Division:

Planning

Council Committee Review?:

Council Work Session

Date(s) of Committee Review:

04/07/2026

Audio-Visual Needs:

None

Legal Review:

Not Needed

Emergency Legislation?:

Motion/Ordinance/
Resolution No.:

Agenda Item Description or Legislation Title

CRA Agreement Amendment - Simms Development - The Gables

Purpose and Background

This legislation amends an existing CRA Agreement for The Gables of Huber Heights, a housing development project. The current CRA Agreement stipulates the Minimum Service Payments (MSP) in years 11 through 15 will be $9,500, which is higher than the estimated property taxes in those years. The amendment to the existing CRA Agreement changes the terms of the MSP payments for years 11 through 15 to be equal to the amount of real property taxes owed.

Fiscal Impact

Source of Funds:

N/A

Cost:

N/A

Recurring Cost? (Yes/No):

N/A

Funds Available in Current Budget? (Yes/No):

N/A

Financial Implications:

Attachments

Exisiting CRA Agreement

Resolution