Yellow Springs and Miami Township Community Improvement Corporation
(dba: Community Resources)
Community Resources (CR) was incorporated June 17th 1998 and it was determined to be a publicly supported, tax-exempt organization under Internal Revenue Code section 501(c)(3).
As stated in its Code of Regulations, Community Resources was formed exclusively for the purposes authorized for community improvement corporations by OH Revised Code 1724.01 et seq. to provide leadership in the creation and implementation of strategies to address the needs for economic development that are congruent with the values of the community. The basic mission is the retention and expansion of business in the Yellow Springs area. One of its first initiatives was to conduct a commerce park feasibility study under an agreement with the Village. This agreement and the feasibility study results are the basis for where the Center for Business and Education stands today.
September 30, 2002 a Cooperative Economic Development Agreement (CEDA) in accordance with ORC Section 701.07 was established between Miami Township and the Village of Yellow Springs to promote economic development within the designated district. Three properties [the first 14.93 acres, the second 31.259 acres and the third 39.562 acres] on the western edge of the village on Dayton-Yellow Springs Road were included in this district. The CEDA allowed the Village to annex these properties provided they were zoned for commercial use.
May 5th, 2003, Council authorized the Village Manager to enter into a development agreement with CR regarding these properties and to make certain loans pursuant to that agreement [Res. 2003-18]. Under this agreement, CR prepared a master economic development plan and negotiated to acquire properties within the CEDA District.
Funds loaned under the agreement between the Village & CR ($300,000) were combined with a grant from Yellow Springs Community Foundation ($100,000) to purchase 46.189 acres from Vernay Laboratories, Inc. on June 25, 2004. Education Village, Inc., a 501(c)(2) charitable non-profit subsidiary of CR, holds title to this property. These 46.189 acres were annexed to the Village of Yellow Springs April 18th, 2005.
February 24, 2006, 11.144 acres of this property was conveyed to Antioch University for the purpose of constructing a facility to accommodate their McGregor graduate programs. March 2006, the Village Planning Commission approved Concept Plan/Phase of the Antioch PUD-1 Zoning Request. August 2006 ground was broken for the construction of 95,000 square foot Antioch University McGregor (Midwest) building. October 2006, the Village Council approved the final construction plan. Today (11/13) AUM has 60 full-time equivalent employees, has an annual payroll of $3.2 Million and accommodates an estimated 350 students.
The remainder of the property [35.227 acres] was rezoned by the Village to Mixed Commerce District in February 2007 and subsequently (2013) was rezoned as a PUD as part of Zoning Ordinance revision.
CR applied for, and subsequently received, Utility and Transportation Federal Grants. As a condition of these grants various impact, archeological and soil studies were commissioned. They resulted in a ‘Finding of No Significant Impact’ by the US Army Corps of Engineers on August 20, 2007.
The US Army Corps of Engineers administers one of these grants in an amount totaling $596,000 for the construction of water-related environmental infrastructure and resource protection; this amount included $149,000, which was provided from local, matching sources. Of the $447,000 balance, $30,000 was used by the USACE to defray their expenses. The USACE entered into a Project Cooperation Agreement (PCA) with the Village to administer this construction effort in May 2006.
The second federal grant under the National Transportation Act is administered through the Ohio Department of Transportation (ODoT), which entered into a Federal Local-Let Project Agreement with the Village in October 2008. Under this agreement, the Village manages the project at the local level. This grant provided the $594,000 for the design and construction of the CBE infrastructure. The Phase 1 Engineering Design study for this effort was awarded to the JACOBS engineering firm in March 2009 and, following necessary coordination, the authority to proceed was given in August. The preliminary engineering report was provided to the Village project manager on December 28th, 2009. The Stage 3 design was complete & approved in November 2012; however, the balance under this ODoT grant ($344K) was pulled by federal action in October 2012 as it had not been obligated in 4-years.
The Stage 3 design package, which serves as the technical basis for a construction bid-package, was re-scoped by Village Manager action in January 2013. August 2013, CR approached Village Council with the proposition that the Village finance the completion of this project. While Council was initially supportive the action is still pending at this time (11/12/13).
To date over $1.1 million has been invested in this venture not counting the AUM building. The USACE monies have been in-hand for 7 ½ years and are considered vulnerable to a federal ‘use it or lose it’ action.
As an independent, non-profit corporation, Community Resources has worked collaboratively with Village officials to provide a flexible structure for accomplishing a range of projects vital to maintaining and enhancing the economic viability of the Village of Yellow Springs and surrounding Miami Township. Moreover, CR stands ready to complete the terms of its agreement with the Village to market the properties for economic development purposes and to work with the Village to define available incentives, if any.