Bexley Village, Ltd. v. Limbach

Reilly, Presiding Judge.

Appellant, Board of Education of Bexley City Schools, appeals from the judgment of the Board of Tax Appeals in favor of appellees, Bexley Village, Ltd. and Capital University (“Capital”).

Bexley Village, a limited partnership, is the owner of Bexley Village apartments. The project was acquired in 1975 from the original developer while the development was still under construction. Bexley Village completed nine units, but left three, for which only the foundation slab was laid, uncompleted.

At the suggestion of the city of Bexley, Bexley Village entered into a lease with…