Pickerington Area Taxpayers Alliance

LEG Pool Purchase

Posted in: PATA
Article published Feb 11, 2008

Purchasing pool great idea for city
A Pickerington plan to purchase a privately owned outdoor aquatic facility has turned out to be an example of government at its best.
On Tuesday, Pickerington City Council approved the purchase of The Swim Club, located one block east of state Route 256 on Stone Creek Drive Northwest.

The 3.9-acre property included an 8,650-square foot heated pool, a wading pool, bath house, concession stand and a paved parking lot.

Not only did the city buy it at less than the appraised value, they also found a way to pay for it without dipping further into taxpayers' pockets.

The facility was estimated to be worth $924,000, and the city was able to purchase it for $655,000.

The city is going to use parks and recreation impact fees to finance the purchase. It is money already being assessed on new residential development and can only be used on the development of parks and recreation facility.

City manager Tim Hansley said the sale of seasonal passes and concessions would cover operating expenses.

Surveys taken in 2006 indicated the residents of Pickerington wanted an outdoor pool and city leaders have been able to answer with a pool that will cost the taxpayers no additional money.

To build a new facility of a similar nature would have cost an estimated $1.8 million.

Hansley's characterization that The Swim Club is essentially a park with a swimming pool in it sounds like an appealing place to spend time.

All reports say the facility is in good condition and the city should be able to open it with little preparation.

City leaders looked at a desire by residents, found a solution that did not cost taxpayers additional money, and were able to carry through with the affirmative vote in city council to purchase the property on Tuesday.

Future generations are going to have a lot of fun out at the new park and swimming pool.

It's nice when government responds to the people, finds creative solutions and saves taxpayers some money.

It is worth what was paid

Real estate 101 - a property is worth the amount paid by a willing seller and buyer. The pool is not 'worth' $924,000 when the contract is priced at $655,000. It is now valued at$655,000.

By Numbers Guy
Inside the numbers

1. Were the property taxes being paid at a value of $924,000.00?
2. If the selling price is $655,000.00 now will they city pay less property taxes than were being collected?
3. Will the schools now get less money?
4. Will the city somehow lease it back to themselves and make the property tax revenue disappear?
5. Do the PYAA ball fields pay property taxes?
6. The pool is in the township. What will the annexation costs be?
7. Where will the money come from if it's not self funding?


I'm sure the answers to these questions are known by council. Anyone of the 6 who voted for it care to let us know?

By Chris Berman
property taxes

1. Were the property taxes being paid at a value of $924,000.00?

Normally properties on the county books are valued at 90% of the true market value. I think the Swim Club was valued in the mid 800,000 range.

2. If the selling price is $655,000.00 now will they city pay less property taxes than were being collected?

The City will not pay property tax on the pool. They will file for an exemption and they will pay nothing. Currently the pool is paying around $16,000 per year.

3. Will the schools now get less money?

Yes sort of. From this property yes but they will continue to get the same dollar amount for their levies because this property represents a very same portion of the one billion dollar district value.

4. Will the city somehow lease it back to themselves and make the property tax revenue disappear?

They don't need to do that because like ALL governments they can get exemptions on property taxes.

5. Do the PYAA ball fields pay property taxes?

If they are a non-profit organization and they have filed for their exemptions then the answer is no.

6. The pool is in the township. What will the annexation costs be?

I can't answer that question but I think since it is going to be city owned then the process will be minimal in cost.

7. Where will the money come from if it's not self funding?

More than likely the parks and recreation budget of the city. They can't use the impact fees for operations but they can be creative in how they operate the pool.
Advertise Here!

Promote Your Business or Product for $10/mo

istockphoto_1682638-attention.jpg

For just $10/mo you can promote your business or product directly to nearby residents. Buy 12 months and save 50%!

Buynow