HomeMy WebLinkAbout00-257.docJUNE 13, 2000 00-257 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN .)
PURPOSE:
APPROVE TAX INCREMENTAL DISTRICT NO. 14 PROJECT
PLAN; CREATE TAX INCREMENTAL DISTRICT NO. 14
INITIATED BY: CITY ADMINISTRATION
PLAN COMMISSION RECOMMENDATION: Approved
WHEREAS, pursuant to Section 66.46, Wis. Stats. the City of Oshkosh proposes to
create Tax Incremental District No. 14 - Hazel St./Mercy Medical Center Redevelopment;
and
WHEREAS, the City of Oshkosh Plan Commission has prepared and adopted a
project plan for Tax Incremental District No. 14 - Hazel St./Mercy Medical Center
Redevelopment which:
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
Includes a statement listing the kind, number and location of all proposed
public works or improvements within such District.
Contains an economic feasibility study.
Contains 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. 14 promotes the orderly development
of the City.
Contains an opinion of the City Attorney that the Plan complies with Section
66.46(4)(f), Wis. Stats.
and
JUNE 13, 2000
00-257 RESOLUTION
CONT'D
WHEREAS, the Plan Commission has held a public hearing on the creation of TID
No. 14 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 66.46, Wis. Stats.; and
WHEREAS, the City of Oshkosh Plan Commission has found that:
1)
2)
Said Project Plan for Tax Incremental District No. 14 is feasible; and
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 approves said Project Plan for Tax Incremental District No. 14 - Hazel St./Mercy
Medical Center Redevelopment, pursuant to the provisions of Section 66.46, Wis. Stats.
BE IT FURTHER RESOLVED that the Common Council of the City of Oshkosh
hereby approves creation of Tax Incremental Financing District No. 14 - Hazel St./Mercy
Medical Center Redevelopment, as described in the attached "Exhibit A".
BE IT FURTHER RESOLVED that the improvements contemplated in TID 14 -
Hazel St./Mercy Medical Center Redevelopment, are likely to significantly enhance the
value of substantially all real property in TID No. 14.
BE IT FURTHER RESOLVED that the value of equalized, taxable property in TID
No. 14, together with all other established Tax Incremental Districts, does not exceed 7%
of the total equalized value of taxable property within the City of Oshkosh.
BE IT FURTHER RESOLVED that more than 50% of the real property within TID
#14 is blighted and in need of rehabilitation or conservation within the meaning of Section
66.435(3), Wis. Stats.
BE IT FURTHER RESOLVED that the project costs are consistent with the purposes
for which the Tax Incremental District is created with the primary objective being the
redevelopment of a blighted area.
"EXHIBIT A"
PROPOSED TAX INCREMENTAL DISTRICT #14
A part of Charles Barber's Block 3, Barber & Madison's Addition Block 2, Carl Hennig's
Addition Block 2, Hazel Street, E. Irving Avenue, Oak Street, Grove Street and Cleveland
Avenue all in the Eleventh Ward, City of Oshkosh, Winnebago County, Wisconsin
described as follows: Commencing at the intersection of the centerline of Cleveland
Avenue and Hazel Street; thence north along the centerline of Hazel Street to the
extended north line of Lot 7 in Charles Barber's Replat Block 3; thence west along the
extended north lines and north lines of Lot 7 and Lot 13 in said Charles Barber's Replat
Block 3 to the southeast corner of Lot 12 Charles Barber's Replat Block 3; thence north
along the east line and extended east line of said Lot 12 to the centerline of E. Irving
Avenue; thence west along the centerline of E. Irving Avenue to the centerline of Oak
Street; thence south along the centerline of Oak Street to the extended north line of Lot 5
Barber & Madison's Addition Block 2; thence west along the extended north line and north
line of said Lot 5 to the northwest corner of said Lot 5; thence south along the west line of
said Lot 5, 16.666 feet; thence west parallel and 16.666 feet south of the north line and
extended north line of Lot 9 Barber & Madison's Addition Block 2 to the centerline of Grove
Street; thence south along the centerline of Grove Street to the intersection with the
centerline of Cleveland Avenue; thence east along the centerline of Cleveland Avenue to
the centerline of Hazel Street also being the point of beginning
Total area within the TID is estimated at 5.92 acres.