HomeMy WebLinkAbout03-112.docAPRIL 22, 2003 03 - 112 RESOLUTION
(CARRIED_______LOST______LAID OVER_____WITHDRAWN___ 5 - 0 ___)
PURPOSE: APPROVE PROJECT PLAN AMENDMENT NO. 1 TAX
INCREMENT DISTRICT NO. 17 CITY CENTER
REDEVELOPMENT
INITIATED BY: CITY ADMINISTRATION
PLAN COMMISSION RECOM MENDATION: Approved
WHEREAS, additional projects are proposed to be undertaken that will improve
Tax Increment District No. 17; and
WHEREAS, these projects were not originally included in the adopted Project Plan
for Tax Increment District No. 17; and
WHEREAS, pursuant to §66.1105, Wis. Stats., the City of Oshkosh proposes
Amendment No. 1 to the Project Plan of Tax Increment District No. 17 City Center
Redevelopment; and
WHEREAS, the City of Oshkosh Plan Commission has prepared and adopted a
Project Plan for Tax Increment District No. 17 City Center Redevelopment which:
1) Includes a statement listing the kind, number and location of all proposed public
works or improvements within such district.
2) Contains an economic feasibility study.
3) Contains a detailed list of estimated project costs.
4) Contains a description of the methods of financing all estimated project costs and
the time when such costs or monetary obligations related thereto are to be incurred.
5) Includes a map showing existing uses and conditions of real property in such
district.
6) Includes a map showing proposed improvements and uses therein.
7) Contains a list of estimated non - project costs.
8) Contains a statement of a proposed method for the relocation of any person to be
displ aced.
9) Indicates how the creation of TID No. 17 promotes the orderly development of the
City.
and
APRIL 22, 2003 03 - 112 RESOLUTION
CONT'D
WHEREAS, the Plan Commission has held a public hearing on Amendment No. 1 to
TID No. 17 and has notified the Ch ief Executive Officers of all local government entities
having the power to levy taxes on property within the district, including the School Board of
any school district that includes property within the district pursuant to §66.1105, Wis.
Stats.; and
WHE REAS, the City of Oshkosh Plan Commission has found that said Project Plan
is in conformity with the Master Plan of the City of Oshkosh.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of
Oshkosh hereby approves of said Amendment No. 1 to Project Plan for Tax Increment
District No. 17 City Center Redevelopment, pursuant to the provisions of §66.1105, Wis.
Stats.
BE IT FURTHER RESOLVED that the improvements contemplated in amended TID
No. 17 are likely to significantly enhance the value of substantially all real property within
amended TID No. 17.
BE IT FURTHER RESOLVED that the value of equalized taxable property in
amended TID No. 17, together with all other established Tax Increment Districts, does not
exceed 7% of the total equalize d value of taxable property within the City of Oshkosh.
BE IT FURTHER RESOLVED that more than 50% of the real property within
amended TID No. 17 is blighted or in need of rehabilitation or conservation within the
meaning of § 66.1337, Wis. Stats..
BE IT FURTHER RESOLVED that the project costs are consistent with the purposes
for which the district is being created with the primary objective being rehabilitation of this
area and blight elimination.
BE IT FURTHER RESOLVED that if the property owner was req uired to fully pay for
the improvements associated with the proposed rehabilitation and redevelopment of the
area, the redevelopment would in all likelihood not occur.
BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh that
this resolutio n be forwarded to the Joint Review Board for their consideration of amended
Project Plan of TID No. 17 – City Center Redevelopment.