Area developer proposes condo project for property

The development would include a clubhouse and retention pond.
BY MARY GRZEBIENIAK
VINDICATOR CORRESPONDENT
NEW MIDDLETOWN -- A controversial federally subsidized housing development is apparently dead, and a "high-end" condominium project is being proposed for the same property.
Developer Tim Paranzino and his wife, Chrissy, of Rapp Road, New Middletown, plan to build 38 units on 9 1/2 acres off Sandy Court, Paranzino told village council Monday.
He said he anticipates the condominiums would cost $120,000 to $140,000 per unit and have 1,300 square feet, excluding the garage.
About development
He said the development might be gated and that the border with the Carousel Corners development would be mounded and planted with pine trees. The development would include a clubhouse and retention pond. Access would be from a private drive off Sandy Court.
The proposed development, as yet unnamed, meets all zoning regulations but would need a variance which is required for multi-unit dwellings in that area. A variance hearing on the project will be set for sometime after the Nov. 8 council meeting, Mayor Robert Carson said.
Last year, a 12-home "New Middletown Homes" development had been proposed for the same location. It would have enlisted federal subsidies to make up the difference between the loan a homebuyer qualified for, and the amount required for the $120,000 homes. That proposal drew protests from residents of neighboring Carousel Corners who feared the development would lower their property values.
Carson said Monday that the option has expired for the earlier project and it apparently is not going forward.
The Paranzinos attended the meeting with Realtor Victoria "Rusty" Wiery of Alpha Terra Realty Inc., Poland. Paranzino also built condominiums on DelRay Drive, Springfield Township.
Other action
Also Monday, council:
UApproved paying M & amp;M Construction of New Springfield $1,150 to repair a sinkhole that opened up on Foster Drive after recent rains.
UApproved paying Comcast $170 to install a modem and $60 per month for three years for high-speed Internet service. The village is getting on the Internet because the state is increasingly requiring information to be transmitted electronically.
UApproved a $799 repair at Welsh Motors for a police car.
UAgreed to hire Ohio Edison to trim the 14 trees in Welker Park for $700.
UPassed a first reading on an ordinance regulating demolition of unsafe buildings. The ordinance gives the village some control over money the insurance company will pay the property owner.
UAdopted a resolution supporting the 0.5-percent county sales tax.