Groveport-Madison, Columbus City Schools reach historic land agreement

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Groveport-Madison Local Schools and Columbus City Schools signed an historic territory transfer and revenue sharing agreement Thursday night.

According to Groveport-Madison spokesperson Jeff Warner, the agreement secures the district’s boundaries from transfer into Columbus City Schools upon the property’s annexation into the City of Columbus.

The Columbus City Schools Board of Education approved the agreement at their Nov. 20 meeting.

“This agreement provides predictability and stability to the District, not only protecting residential areas from being transferred into Columbus City Schools; it also protects extremely valuable commercial growth areas that are in the immediate proximity of the Rickenbacker Regional Airport,” Groveport-Madison Local Schools Board President Bryan Shoemaker said in a press release.

The commercial growth areas include specific property parcels adjacent to Rickenbacker. Groveport-Madison and Columbus City Schools will share tax revenue from existing and future development, per the new agreement. The agreement also identifies two parcels from which Columbus City Schools will received the full amount of taxable value to the properties. The agreement is for a 50-year-term with a 50-year renewal.

“This is a historical agreement for which our entire community should be extremely proud.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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