By DENISE GRANT
Hancock County’s commissioners on Tuesday approved the annexation, from Marion Township to Findlay, of the bulk of property needed for a new 350-acre industrial park.
Located on Findlay’s northeast side, the land is bordered by East Bigelow Avenue, Crystal Avenue and Hancock County 212.
The property is owned by George H. and Camille A. Ranzau, 6144 Hancock County 18, Findlay, and William Jaqua, 1717 Windsor Place, Findlay.
Findlay and Marion Township have approved a revenue-sharing agreement for the property. The city will pay Marion Township 1.5 mills in taxes from the assessed value of the property for 10 years.
The industrial park would be established south of Hancock County 212, west of Hancock County 18, east of the CSX Railroad and north of Bigelow Avenue. Hancock County 212 was rebuilt for $7.5 million by county government in the 1990s, specifically for industrial traffic.
Water and sewer service, electricity, and natural gas are available, and the Findlay land use plan already calls for the land to eventually be converted to industrial use.
Tony Iriti, economic development director for the Findlay/Hancock County Alliance, said there is very little vacant land in the city, and the annexation will allow the property to qualify as a reinvestment area. Annexation also has the benefit of city services like fire protection and water, he said.
The Ohio Community Reinvestment Area program is an economic development tool administered by municipal and county governments that provides real property tax exemptions for property owners who renovate existing or construct new buildings.