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Home My WebLink AboutItem IV PLAN COMMISSION STAFF REPORT AUGUST 6, 2024 ITEM IV: PUBLIC HEARING: PROPOSED CREATION OF TAX INCREMENT FINANCING DISTRICT NO. 44 NORTHWEST OSHKOSH EXPANSION AREA, DESIGNATION OF BOUNDARIES AND APPROVAL OF PROJECT PLAN. Prior to taking action on proposed Tax Increment District (TID) No. 44 and the designation of boundaries for said TID, the Plan Commission is to hold a public hearing and take comments concerning proposed creation of TID No. 44. The public hearing is required as part of the formal review process the City must follow in the creation of any tax incremental financing district or amendment thereto. GENERAL INFORMATION Applicant: City of Oshkosh GENERAL DESCRIPTION/BACKGROUND Please see TID No. 44 Project Plan link for more detailed information: https://www.oshkoshwi.gov/WebLink/DocView.aspx?id=1182208&dbid=0&repo=Laserfiche Tax Incremental District No. 44 (the “TID” or “District”) is a proposed mixed-use district comprised of approximately 392 acres located in the northwest portion of the City, generally including the areas east and west of US HWY 45 between Interstate 41 and Ryf Road interchanges. The District will be created to pay the costs of public infrastructure improvements needed to allow for full development of areas within the District. The City anticipates making total expenditures of approximately $44.8 million to undertake projects identified in the Project Plan. Project costs include an estimated $18.6 million in “pay as you go” development incentives, an estimated $16.9 million for public infrastructure, and an estimated $314,000 in administrative costs. Identified public infrastructure projects include: County Road Y water main loop, sanitary sewer and water main relays, potential new 36’ wide concrete street (Sterns Drive), 10’ pedestrian trail, 5’ public sidewalks from Wiouwash Trail to Slew Bridge and Ryf Road to Lake Butte des Morts Development. In addition to the public infrastructure projects, development incentives may be considered only for projects that can demonstrate a verifiable gap. The Project Plan includes a statement listing the kind, number and location of proposed improvements which starts on page 15. It contains an economic feasibility study, a detailed list of estimated project costs and timing of those costs as well as a method of financing starting on page 26. Page 1 Item IV: Creation of TID #44 – Northwest Oshkosh Expansion Area ANALYSIS The City is projecting an improvement value of approximately $162 million, which results from activity within the District. These key assumptions are identified in Section 9 of the Plan starting on page 26. Use Uses in the district include: single family residential, commercial, industrial and multifamily residential. Establishment of the district will allow for the extension of necessary public infrastructure. Without the extension of the public infrastructure, it is unlikely the area within the district would develop to its full potential. District Life Based on the Project Cost expenditures identified on Table 3, page 30 of the Plan, the district is anticipated to close in 2043. At that point the full value of the properties would be added back to the overall tax rolls which is currently estimated at $162 million if full development takes place. Type of District The District is being created as “Mixed Use” within the meaning of Wis. Stat. 66.1105(2)(cm) based on the combination of industrial, commercial, or residential uses. The statute further limits that lands proposed for newly platted residential use, as shown in the project plan, may not exceed 35 percent, by area. The parcels identified within the district are shown on the map on page 7 of the Plan and table starting on page 11. The proposed development scored 75 points on the City’s Blight and Redevelopment scoring matrix, exceeding the minimum 50 points required. Consistency with Plans The subject area is mixed zoned, containing residential, commercial and industrial districts. The 2040 Comprehensive Land Use Plans identifies this area for mixed-use, low density residential, medium and high density residential, industrial and general commercial. The project is consistent with recommendations within the Comprehensive Plan. The area to the north and west of the district is one of the City’s residential growth areas. RECOMMENDATIONS/CONDITIONS Staff recommends approval of the Project Plan and Boundaries for TID #44 as proposed. Page 2 TID 44 PC: 8.6.2024 RED EARTH LLC 9447 JANCING AVE SPARTA WI 54656-4479 RED EARTH LLC 1310 W WISCONSIN ST SPARTA WI 54656-2236 ANR PIPELINE CO W3925 PIPELANE LN EDEN WI 53019-1225 DOWLING INV SUNSET LLC 3596 STEARNS DR OSHKOSH WI 54904-1001 ZILLGES REAL ESTATE LLC 1990 W SNELL RD OSHKOSH WI 54904-1004 STEARNS DR DEVELOPMENT LL 445 CARDINAL LN STE 102 GREEN BAY WI 54313-9577 MVT LLC 2247 RYF RD OSHKOSH WI 54904-9585 OSH AREA SCHOOL DISTRICT PO BOX 3048 OSHKOSH WI 54903-3048 RYF ROAD DEVELOPMENT LLC PO BOX 346 KAUKAUNA WI 54130-0346 EDGEWOOD VILLAGE HOA INC 3915 HEMLOCK CT OSHKOSH WI 54904-9505 CHAD DURKEE 4057 EDGEWOOD RD OSHKOSH WI 54904-7085 JOSHUA & KIA CARTER 2625 RYF RD OSHKOSH WI 54904-9507 EDGEWD VILLAGE 2005 BAYHOMES CONDO INC 4028 HEMLOCK CT OSHKOSH WI 54904-9594 WINNEBAGO COUNTY PO BOX 2808 OSHKOSH WI 54903-2808 STEVEN & BARBARA HOLLINS W9550 FREMONT RD ELDORADO WI 54932-9646 JON & JUDY MIELKE 4024 HEMLOCK CT OSHKOSH WI 54904-9594 ROBERT MCBRIAR DIANNE ADAMS 4022 HEMLOCK CT OSHKOSH WI 54904-9594 ERIC FELIX 7808 COUNTY ROAD D OMRO WI 54963-8912 BRUCE & ROSEMARY SAMMONS 522 W MURDOCK AVE OSHKOSH WI 54901-2298 MOKLER PROPERTIES INC 1990 WALTER CT OSHKOSH WI 54901-1015 TFORCE PROPERTIES INC 500-8801 RTE TRANSCANADIENNE SAINT-LAURENT QC H4S 1Z6 DENNIS WEED 340 N LARK ST OSHKOSH WI 54902-4236 CHERRYLAND PROP II LLC 1107 TWIN HARBOR DR WINNECONNE WI 54986-9223 WALTER ST PROPERTIES LLC 3630 WALTER ST OSHKOSH WI 54901-1014 TERRY ABRAHAM 1720 RIVER MILL RD OSHKOSH WI 54901-2769 EDGAR LANDEROS 2651 APPIAN WAY GREEN BAY WI 54302-4909 3530 OMNI DRIVE LLC 3530 OMNI DR OSHKOSH WI 54904-8512 PAULICK HOMESTEAD LLC 3865 GLENVIEW LN OSHKOSH WI 54904-8510 THOMAS & FAYE ZILLGES PO BOX 274 BUTTE DES MORTS WI 54927-0274 Page 3 MHWI EDISON ESTATES OF OSH PO BOX 457 CEDAREDGE CO 81413-0457 LOREN'S 41 TRUCK PLAZA LLC 3000 OREGON ST OSHKOSH WI 54902-7140 STATE OF WI DOT 944 VANDERPERREN WAY GREEN BAY WI 54304-5344 TOWN OF OSHKOSH 230 E COUNTY RD Y OSHKOSH WI 54901-9715 GRUNDY ENTERPRISES 4601 PIP LN OSHKOSH WI 54904-7067 DEUTH, HEATHER & ROBERT 2776 RYF RD OSHKOSH WI 54904-9507 NOZAR, MARY ANN 2750 RYF RD OSHKOSH WI 54904-9507 SUSAN & TIMOTHY SALZSIEDER 14833 TUDOR CHASE DR TAMPA FL 33626-3353 WINNEBAGO COUNTY PO BOX 2764 OSHKOSH WI 54903-2764 DOWLING INVESTMENTS LABRIE LLC 3596 STEARNS DR OSHKOSH WI 54904-1001 LEINWEBER, THERESA & WILL 731 ELM ST WINNECONNE WI 54986-9313 BLUE MOON HOLDINGS LLC CASTLE ROCK LAND CO LLC PO BOX 3808 OSHKOSH WI 54903-3808 WI VOICE OF CHRISTIAN YOUTH 3434 W KILBOURN AVE MILWAUKEE WI 53208-3313 SCHROEDER, KATHLEEN & KYLE 2720 RYF RD OSHKOSH WI 54904-9507 NOZAR, JEFFREY & LISA 2762 RYF RD OSHKOSH WI 54904-9507 Page 4 Page 5