The City Council of Columbus authorized a new Tax Increment Financing (TIF) and Cooperative Agreement with Half Baked Holdings, LLC and the Columbus-Franklin County Finance Authority (CFCFA) for the redevelopment of the former Kroger Bakery site at 427-515 Cleveland Avenue. The previous TIF agreement expired because the developer could not obtain a building permit and record a mortgage by December 31, 2024. The new agreement authorizes the appropriation and expenditure of service payments in lieu of taxes (Milo-Grogan TIF Service Payments) to reimburse bonds issued by the CFCFA for public infrastructure improvements related to the project. Additionally, it authorizes an initial appropriation and transfer of $10,000.00 and annual transfers of $5,000.00 from the Milo-Grogan TIF Fund to the Housing Business Tax Incentive Fund for the City's economic development fees. The project is a mixed-use development comprising a 75,000 square-foot wellness club, 350 multi-family residential units, a 401-space parking garage, and an urban green space. The site includes a historic southern manufacturing building, which was formerly a Ford Motor Company Branch Assembly Plant.