HomeMy WebLinkAbout03-135.docMAY 13, 2003 03-135 RESOLUTION
(CARRIED 6-0
LOST LAID OVER WITHDRAWN
PURPOSE:
APPROVE TAX INCREMENT DISTRICT NO. 19 PROJECT
PLAN; DESIGNATE TAX INCREMENT DISTRICT NO. 19
BOUNDARIES; CREATE TAX INCREMENT DISTRICT NO. 19
INITIATED BY: CITY ADMINISTRATION
PLAN COMMISSION RECOMMENDATION: Approved
WHEREAS, pursuant to Section 66.1105, Wis. Stats., the City of Oshkosh proposes
to create Tax Increment District No. 19 - Northwest Industrial Park Expansion No. 1; and
WHEREAS, the City of Oshkosh Plan Commission has prepared and adopted a
project plan for Tax Increment District No. 19 - Northwest Industrial Park Expansion No. 1
which:
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
Includes
works or
Contains
Contains
a statement listing the kind, number and location of all proposed public
improvements within such District.
an economic feasibility study.
a detailed list of estimated project costs.
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.
Includes a map showing existing uses and conditions of real property in such
District.
Includes a map showing proposed improvements and uses therein.
Contains a list of estimated non-project costs.
Contains a statement of a proposed method for the relocation of any person to be
displaced.
Indicates how the creation of TID No. 19 promotes the orderly development of the
City.
Contains an opinion of the City Attorney that the Plan complies with Section
66.1105(4)(f), Wis. Stats.
and
WHEREAS, the Plan Commission has held a public hearing on the creation of TID
No. 19 and the proposed boundaries thereof and has notified the Chief 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 which includes property within the
District pursuant to Section 66.1105, Wis. Stats.; and
MAY 13, 2003 03-135 RESOLUTION
CONTD
WHEREAS, the City of Oshkosh Plan Commission affirms the following per the TID
No. 19 Project Plan:
1)
2)
3)
4)
5)
The improvements contemplated in TID No. 19, City of Oshkosh, are likely to
significantly enhance the value of substantially all real property in TID No. 19.
Not less than 50% of the real property within TID No. 19 is suitable for industrial
development and zoned for industrial uses.
Implementation of this Project Plan is consistent with the City's 1993
Comprehensive Plan and its associated amendments and additions.
Project costs associated with implementing this project plan are consistent with the
purpose for which the District was created.
The equalized value of taxable property of the district plus all existing districts does
not exceed 7% of the total equalized value of taxable property within the city.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of
Oshkosh approves said Project Plan for Tax Increment District No. 19 - Northwest
Industrial Park Expansion No. 1, pursuant to the provisions of Section 66.1105, Wis. Stats.
BE IT FURTHER RESOLVED that the Common Council of the City of Oshkosh
hereby designates the boundaries of TID No. 19 as described in "Exhibit A".
BE IT FURTHER RESOLVED that the Common Council of the City of Oshkosh
hereby approves creation of Tax Increment District No. 19 - Northwest Industrial Park
Expansion No. 1.
BE IT FURTHER RESOLVED that the improvements contemplated in TID No. 19-
Northwest Industrial Park Expansion No. 1, are likely to significantly enhance the value of
all real property in TID No. 19.
BE IT FURTHER RESOLVED that the value of equalized, taxable property in TID
No. 19, together with all other established Tax Increment Districts, does not exceed 7% of
the total equalized value of taxable property within the City of Oshkosh.
BE IT FURTHER RESOLVED that not less than 50% of the real property within TID
No. 19 is suitable for industrial uses within the meaning of 66.0415, Wis. Stats., and has
been zoned for industrial uses.
BE IT FURTHER RESOLVED that all property within TID No. 19 is zoned for
industrial use and will remain zoned for industrial uses for the life of TID No. 19.
BE IT FURTHER RESOLVED that the project costs are consistent with the purposes
for which the Tax Increment District is created with the primary objective being to provide
the improvements necessary to facilitate expansion the Northwest Industrial Park and
industrial development within TID No. 19.
"EXHIBIT A"
PROPOSED TAX INCREMENT DISTRICT NO. 19
Northwest Industrial Park Expansion No. I
Legal Description
A part of the SW ¼ of Section 2, Township 18 North, Range 16 East, 12th Ward, City of Oshkosh,
Winnebago County, Wisconsin described as follows:
Commencing at the SW corner of said Section 2; thence N. 00o32'34'' E., 674.10 feet along the west line
of the SW ¼ of said Section 2 to the southwest corner of Lot 1 of Certified Survey Map No. 3639
Winnebago County Records, also being the true point of beginning; thence continuing N. 00°32'34'' E.,
726.97 feet along the west line of the SW ¼ of said Section 2 to the north line of W. Fernau Avenue;
thence N. 89°42'26'' E., 1,286.10 feet along the north line of W. Fernau Avenue; thence continuing along
the north line of W. Fernau Avenue 253.49 feet along the arc of a curve to the left of radius 460.00 feet
whose cord bears N. 73°55'13" E., a distance of 250.30 feet; thence N. 58°08'00'' E., 208.76 feet along
the north line ofW. Fernau Avenue; thence continuing along the north line ofW. Fernau Avenue 138.47
feet along the arc of a curve to the right of radius 540.00 feet whose cord bears N. 65°28'47'' E., a
distance of 138.10 feet; thence N. 00°21'41'' E. , 1,008.20 feet to the north line of the SW ¼ of said
Section 2; thence N.89°40'03'' E., 732.27 feet along the north line of said SW ¼ to the west line of
Vinland Street; thence S. 00°04'57'' E., 29.61 feet along the west line of Vinland Street to the northeast
corner of Lot 1 of Block 1 of the Sawicki Subdivision; thence S. 89°35'03'' W., 150.00 feet along the north
line and extended north line of said Lot 1 to the east line of said Lot 1 of CSM No. 3639; thence S.
00°04'54'' E., 975.00 feet along the east line of Lot 1 of said CSM No. 3639 to the north line of W.
Fernau Avenue; thence N. 89°35'06'' E., 150.00 feet to the west line of Vinland Street; thence S.
00°04'54'' E., 60.00 feet along the extended west line of Vinland Street to the south line of W. Fernau
Avenue; thence S. 89°35'06'' W., 150.00 feet along the south line of W. Fernau Avenue; thence S.
00°04'54'' E., 898.75 feet along the east line of Lot 1 of said CSM No. 3639 to the southeast corner of
said Lot 1; thence S. 89°34'39'' W., 2,427.89 feet along the south line of said Lot 1 to the true point of
beginning.
Said parcel contains approximately 2,551,265.00 square feet or 58.57 acres.
TID #19 Boundaries
C&NW
r AVE.
N
(03t20~3)
11