(A YouTube video that explains all this is at the bottom of this post) The City claims the data center developer pays 100% of its infrastructure costs—but what do the official signed contracts actually say? In this breakdown, we examine the official Development Agreement, Water/Wastewater Agreements, and Ordinance O-18-25 to follow the taxes step-by-step: • 0% Property Tax on Buildings for 15 Years (CRA Exemption) • Diverted Property Taxes flowing into a City TIF Fund • Up to 50% Reimbursement to the Company with NO dollar limit until fully repaid • Inclusion of borrowing costs, interest, and legal/professional fees (over $318,000 in Bricker Graydon legal bills) • $12.6M Water Tower & $8.4M Pump Station designed for the project The deals aren't done yet. The upcoming 40-year AES Franchise Agreement is next on the table. 🚨 NEXT CITY COMMISSION HEARING: 📅 Date: Tuesday, August 11 ⏰ Time: 6:00 PM 📍 Location: Piqua City Commission (201 W. Water St, Piqua, OH) Show up, ask questions, and hold local officials accountable. --- 📄 SOURCE DOCUMENTS REVIEWED IN THIS VIDEO: • Development Agreement — City of Piqua / J5 LLC d/b/a Shaytura LLC (Jan 23, 2026) • Water and Wastewater Agreement (Jan 23, 2026) • Ordinance O-18-25 — TIF Agreement & School Compensation Agreements (Nov 3, 2025) • City Staff Presentation (23 Slides - Nov 3, 2025) • Official City Website — https://piquaoh.gov
Let me see if I can't try to be there tonight. Need to figure out how to go about requesting to speak/comment. If not would still be interesting to sit in.