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HomeMy WebLinkAbout05.02.2022 Joint Review Board Full AgendaCity Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 http://www.ci.oshkosh.wi.us MEETING NOTICE OF THE JOINT REVIEW BOARD TID NO. 42 MORGAN CROSSING PHASE II MONDAY, MAY 2, 2022 9:00AM CITY HALL ROOM 404 AGENDA I. Call to Order II. Approve Resolution to Create TID No. 42 Morgan Crossing Phase II III. Adjourn If you cannot attend this meeting or have questions regarding the meeting, please contact Community Development at 920-236-5055 or amaier@ci.oshkosh.wi.us. City of Oshkosh of Wisconsin, TID No. 42 Joint Review Board Resolution Page 1 of 2 STANDING JOINT REVIEW BOARD RESOLUTION APPROVING THE CREATION OF TAX INCREMENTAL DISTRICT NO. 42, CITY OF OSHKOSH WHEREAS, the City of Oshkosh (the “City”) seeks to create Tax Incremental District No. 42; and WHEREAS, Wisconsin Statutes Section 66.1105 requires that a Joint Review Board (the “JRB”) shall convene to review the proposal; and WHEREAS, the JRB consists of one representative chosen by the School District; one representative chosen by the Technical College District; and one representative chosen by the County, all of whom have the power to levy taxes on property within the District; and one representative chosen by the City and one public member; and WHEREAS, the public member and JRB's chairperson were selected by a majority vote of the other JRB members before the public hearing was held, under Wisconsin Statutes Sections 66.1105 (4)(a) and (e), and WHEREAS, all JRB members were appointed and the first JRB meeting was held within 14 days after the notice was published under Wisconsin Statutes Sections 66.1105 (4)(a) and (e); and WHEREAS, the JRB has reviewed the public record, planning documents, the minutes adopted by the Plan Commission approving the boundaries of the District and adopting the Project Plan, and the resolution passed by the Common Council approving the creation of the District under Wisconsin Statutes Section 66.1105 (4)(gm); and WHEREAS, project costs benefitting the District are to be made outside of, but within a one- half mile radius of the District, pursuant to Wisconsin Statutes Section 66.1105(2)(f)1.n, as identified in the Project Plan; and WHEREAS, the JRB has considered whether, and concluded that, the District meets the following criteria: 1. The development expected in the District would not occur without the use of tax increment financing; or would not occur in the manner, at the values, or within the timeframe desired by the City and the creation of a tax incremental district. 2. The economic benefits of the District, as measured by increased employment, business and personal income and property value, are sufficient to compensate for the cost of the improvements. 3. The benefits of the proposal outweigh the anticipated tax increments to be paid by the owners of property in the overlying taxing districts. City of Oshkosh of Wisconsin, TID No. 42 Joint Review Board Resolution Page 2 of 2 NOW, THEREFORE, BE IT RESOLVED that the JRB approves the creation of this District. BE IT FURTHER RESOLVED that in the judgment of the JRB, the development described in the Project Plan, the information provided by the City, and the public record and planning documents relating to the District, would not occur without the creation of the District. Passed and adopted this ________ day of _________________, 2022. Joint Review Board Representing Winnebago County Oshkosh Area School District Fox Valley Technical College District City of Oshkosh Public Member