HomeMy WebLinkAbout24. 20-124 MARCH 24, 2020 20-124 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN )
PURPOSE: AUTHORIZE THE SUBMISSION OF A WISCONSIN ECONOMIC
DEVELOPMENT CORPORATION GRANT APPLICATION FOR
THE COMMUNITY DEVELOPMENT INVESTMENT GRANT
PROGRAM ON BEHALF OF MERGE URBAN DEVELOPMENT
GROUP AND ERIC HOOPMAN OF GIBSON SOCIAL CLUB;
ACCEPT FUNDS
INITIATED BY: COMMUNITY DEVELOPMENT DEPARTMENT
WHEREAS, the Wisconsin Economic Development Corporation (WEDC) has
grant funds available for projects to support local initiatives with a downtown emphasis
by providing financial incentives for projects that are downtown community driven; and
WHEREAS, local municipalities are an eligible applicant and can apply for said
grant funds; and
WHEREAS, the City is applying for said grant funds for the proposed mixed use
project at the southwest corner of Marion Road and Jackson Street and the historical
renovation of 527 N. Main Street to offset costs incurred by the private developer.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper City officials are hereby authorized to submit a Community
Development Investment grant application to Wisconsin Economic Development
Corporation to obtain funds for said purpose.
BE IT FURTHER RESOLVED that if said grant funds are awarded, the proper City
officials are hereby authorized and directed to accept said funds, pursuant to the terms
of the grant application, and to execute any and all documents and assurances which may
be required for purposes of same.
WE
City
of Oshkosh
TO: Honorable Mayor and Members of the Common Council
FROM: Kelly Nieforth, Economic Development Services Manager
DATE: March 17, 2020
RE: Authorize the Submission of a Wisconsin Economic Development Corporation
Grant Applications for the Community Development Investment Grant Program
on Behalf of Merge Urban Development Group and Eric Hoopman for Gibson
Social Club;Accept Funds
BACKGROUND
Staff is proposing to submit a CDI grant application to WEDC on behalf of the owners of Merge
Urban Development and Gibson Social Club.The grant amount for each project shall not exceed
$250,000 each and the funds will be used for redeveloping a parcel within the Marion Road
Redevelopment Area and completing a historical renovation of a building on N. Main Street
respectively.
Merge Development Group, who will be closing on the last three RDA-owned parcels in the
Marion Road Redevelopment Area, is proposing to construct a 200,000 sq ft multi-level, mixed
use development that may include a restaurant, office space, retail, and residential.
Gibson Social Club, owned by Eric Hoopman, is located at 537 N. Main in the city's downtown.
The proposed historical renovation will convert the existing retail space into an event venue to
be rented out for weddings, meetings, and other gatherings.
ANALYSIS
Merge Development Group will utilize the WEDC funds and the Opportunity Zone designation
to assist with the redevelopment of Parcel J in the Marion Road Redevelopment Area. The
proposed mixed use development aligns with the city's Comprehensive Plan and the Imagine
Oshkosh Plan. The contaminated parcel has sat vacant for over fifteen years.
City Hall,215 Church Avenue P.O.Box 1130 Oshkosh,WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us
Gibson Social Club will utilize the WEDC funds and historical tax credits to assist with the
historical renovation of 537 N. Main Street. The building will be converted to a gathering space
in the city's downtown while paying homage to the historical use of the building, Gibson s Tire
Co. and Gibson s Chevrolet and Cadillac.The intended use aligns with the city's Comprehensive
Plan and Imagine Oshkosh Plan.
City staff has worked with representatives of both projects in preparing the grant applications.
A grant development agreement with each developer will need to be approved by Common
Council at a future meeting which will outline how the grant funds will be disbursed and other
WEDC grant requirements that need to be followed by the City and the property owners.
FISCAL IMPACT
There are no City funds included in the WEDC CDI grant applications or implementation. The
property owners will be paying the City's staff time for grant administration, mainly the grant
draws.
RECOMMENDATION
The Oshkosh Common Council approves the submission of the WEDC CDI grant applications
and accepts the WEDC CDI grant funds should they be awarded to the City.
Respectfully Submitted, Approved:
Kelly Nieforth Mark A. Rohloff
Economic Development Services Manager City Manager
City Hall,215 Church Avenue P.O.Box 1 130 Oshkosh,WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us
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