For Sale Acreage on Bagley and Bronson, Olmsted Township

Transcription

1 For Sale Parcel # Parcel # aka Property Highlights ithin one mile from Ohio Turnpike (I-80) / I-480 Interchange, 8 Miles from leveland Hopkins and 5 mile from I-71 Great location close by: Victory Sports Park Swings N Things Fun Park Olmsted Falls Schools Parcel # Bagley d. Parcel ID: aka acres Topography: Level Zoned: Light Industrial ectangular Lot All Utilities Available The information contained herein has been obtained from sources believed to be reliable. Guggenheim, Inc. and its agents, associates and employees make no guarantee, warranty or representation about the property. Owner/Agent Property Parcel #2 - Bronson d. Parcel ID: acres Topography: Level Zoned: Light Industrial Irregular Lot All Utilities Available

2 Bronson d. North PAEL # Bronson d American ire and able 7951 Bronson ailroad Tracks PAEL # aka Bagley 947 Bagley d. Jennings d. Dimentions are rounded for Parcel 1 and approximate for Parcel 2

3 LEGEND BASIS OF BEAINGS: BOUNDAY BOUNDAY SUVEY SUVEY - PAEL 1 FO M & H INVESTMENTS SITUATED IN OLMSTED TONSHIP, OUNTY OF UYAHOGA, AND STATE OF OHIO AND KNON AS BEING PAT OF OIGINAL OLMSTED TONSHIP LOT NUMBES 2, 3, & 6, TAT 4 P DATE: BY: DESIPTION: AMK ISSUE TO LIENT EFEENES DAN BY: JAD EVISION HEKED BY: AMK SITE LOATION MAP -NOT TO SALE- BONSON OAD (60') SUVEYO'S ETIFIATE: 1 SHEET OF JOB NO J:\ Mclain Lot Split Bronson d\daings\ MASTE.dwg, Plotted: Dec 19, :04am BAGLEY OAD (60') (f.k.a. IISH OAD) T.P.O.B. ONSOLIDATION PAEL "B" NOFOLK SOUTHEN AILAY OMPANY (f.k.a. NE YOK ENTAL AILOAD) (f.k.a.leveland & TOLEDO AILOAD) T.P.O.B. SPLIT PAEL "A" P.O.. ALL PAELS OAD (60') JENNINGS

4 hat is a JEDD and its Possible Effect on these Properties A JEDD, (A Joint Economic Development District), is an arrangement unique to Ohio that creates a partnership between a municipality and a township, with the goal of developing township land for commercial and industrial revenue. Olmsted Falls and Olmsted Township created a JEDD, on Sterns oad between ook d and Bagley d many years ago. The district has been dormant for some time, however it now seems to be moving forward, as applications were due in late August 2018 for residents of Olmsted Township to apply to serve on the JEDD Board. Each JEDD comes with an income tax on it. Municipalities love it because they benefit from these taxes without having to annex their portion. Townships love it because there is availability for prime development opportunities, to collect property tax, a portion of income tax, and receive water straight from the municipality. Because agreements are fashioned largely on a caseto-case basis, other factors are considered occasionally. Parcel 2 The effect the JEDD will have on these properties is yet to be determined, however it is certainly a positive development. It will enable the development of the Sterns rossing Business Park (BPPD) which is adjacent to the Bagley parcel and near the Bronson d. parcel. (see the JEDD map from when the JEDD was created (adjacent) and the current zoning Map (next page.) Parcel 1

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