HomeMy WebLinkAbout07.26.2022 MinutesJOINT REVIEW BOARD
TID No. 43 Mill on Main
2021 Tax Incremental Districts Annual Reports
Meeting Minutes
July 26, 2022
Present: Bob Poeschl, Oshkosh Area School District Board of Education; Mark Rohloff,
City of Oshkosh; Amy Van Straten, Fox Valley Technical College;
Staff: Kelly Nieforth, Community Development Director; Mark Lyons, Planning
Services Manager; Jason Pausma, Economic Development Services Manager
The meeting was called to order at 8:03 a.m. by Ms. Nieforth.
Ms. Nieforth asked for nominations for a Chair. Mr. Rohloff nominated Mr. Poeschl and was
seconded by Ms. Van Straten.
Motion carried 3-0.
Chair Poeschl asked for nominations for the public member for TID 43. Mr. Rohloff
nominated Burk Tower and was seconded by Ms. Van Straten.
Motion carried 3-0.
Mr. Pausma provided a brief overview of TID 43. Mr. Lyons provided a history of the parcel
in the proposed TID boundary noting the Southshore Redevelopment Plan and the Sawdust
District Masterplan designated this area for redevelopment. Mr. Pausma also shared the
plans and application for the 291 unit, 3-story mixed use redevelopment. Mr. Pausma shared
the SIP was approved in 2022, and the City was projected to contribute $28.9 million to the
project.
Mr. Lyons reviewed more details of the SIP application, site plan, and renderings for the Mill
on Main development.
Mr. Pausma added the TID meets the 12% rule, it is in a blighted area, and the cost of the
underground parking and environmental remediation were major costs contributing to
meeting the “but for” TID creation requirement. Without the TID the rate of return for the
developer and investors would not be enough for the project.
Ms. Nieforth provided an overview of the 2021 Tax Incremental Districts Annual Reports,
noting all the TIDs combined are under 12% of the total equalized value of the taxable
property within the City, thereby compliant with state statutes. Ms. Nieforth highlighted
TIDs #23 and #26, noting they were both industrial TIDs, and were currently on track to close
with a negative balance. TID #23 has sold a couple of properties to private companies. TID
#26 is currently being promoted with new marketing efforts to aviation industry site selectors
by GO-EDC and the Wittman Regional Airport, and promoted at EAA. Ms. Nieforth noted
that both of these districts cannot be recipient TIDs by state statute because they are industrial
TIDs.
At 8:40 a.m. Ms. Van Straten made a motion to adjourn. Mr. Rohloff seconded.
Motion carried 3-0.
Respectfully Submitted,
Jason Pausma
Economic Development Services Manager