HomeMy WebLinkAbout02-305.docAUGUST 13, 2002 02-305 RESOLUTION
(CARRIED 6-0 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE AMENDMENT NO. 1 TAX INCREMENT DISTRICT NO.
14 PROJECT PLAN; AMEND DISTRICT BOUNDARIES TID #14
HAZEL STREET/MERCY MEDICAL CENTER REDEVELOPMENT
INITIATED BY: CITY ADMINISTRATION
PLAN COMMISSION RECOMMENDATION: Approved
WHEREAS, pursuant to §66.1105, Wis. Stats., the City of Oshkosh proposes
Amendment No. 1 to the Project Plan and District Boundaries of Tax Increment District No.
14 Hazel Street/Mercy Medical Center Redevelopment; and
WHEREAS, the City of Oshkosh Plan Commission has prepared and adopted a
Project Plan for Tax Increment District No. 14 Hazel Street/Mercy Medical Center
Redevelopment which:
2)
3)
4)
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.
5) Includes
district.
6)
7)
8)
9)
10)
and
a map showing existing uses and conditions of real property in such
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 § 66.46(4)(f),
Wis. Stats.
WHEREAS, the Plan Commission has held a public hearing on Amendment No. 1 to
TID No. 14 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 that includes property within the district pursuant to §66.1105, Wis.
Stats.; and
AUGUST 13, 2002
02-305 RESOLUTION
CONT'D
WHEREAS, the City of Oshkosh Plan Commission has found that:
1)
2)
Said Amended Project Plan for TID 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 hereby approves of said Amendment No. 1 to Project Plan and District
Boundaries for Tax Incremental District No. 14 Hazel Street/Mercy Medical Center
Redevelopment, pursuant to the provisions of §66.1105, Wis. Stats.
BE IT FURTHER RESOLVED that the Common Council of the City of Oshkosh
hereby approves of the creation of said amended Tax Increment District No. 14 - Hazel
Street/Mercy Medical Center Redevelopment.
BE IT FURTHER RESOLVED that the improvements contemplated in amended TID
No. 14 are likely to significantly enhance the value of substantially all real property within
amended TID No. 14.
BE IT FURTHER RESOLVED that the value of equalized taxable property in
amended 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
amended TID No. 14 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 required to fully pay for
the private improvements associated with the proposed rehabilitation and redevelopment
of the private properties, the redevelopment would in all likelihood not occur.
BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh that
this resolution be forwarded to the Joint Review Board for their consideration of amended
Project Plan and District Boundaries of TID No. 14- Hazel Street/Mercy Medical Center
Redevelopment.