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Home My WebLink About05-118.doc APRIL 26, 2005 05-118 RESOLUTION (CARRIED 7-0 LOST LAID OVER WITHDRAWN PURPOSE: APPROVE PROJECT PLAN AMENDMENT NO. 3/ TAX INCREMENT DISTRICT NO. 13 MARION ROAD / PEARL AVENUE REDEVELOPMENT INITIATED BY: CITY ADMINISTRATION PLAN COMMISSION RECOMMENDATION: Approved WHEREAS, additional projects are proposed to be undertaken to improve Tax Increment District No. 13; and WHEREAS, these projects were not originally included in the adopted Project Plan for Tax Increment District No. 13, as amended; and WHEREAS, pursuant to §66.11 05, Wis. Stats., the City of Oshkosh proposes Amendment No.3 to the Project Plan of Tax Increment District No. 13 Marion Road/Pearl Avenue Redevelopment; and WHEREAS, the City of Oshkosh Plan Commission has prepared and adopted a Project Plan for Tax Increment District No. 13 Marion Road / Pearl Avenue Redevelopment which: 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. 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 displaced. Indicates how the creation of TID No. 13 promotes the orderly development of the City. 1 ) 2) 3) 4) 9) and APRIL 26, 2005 05-118 RESOLUTION CONT'D WHEREAS, the Plan Commission has held a public hearing on Amendment No.3 to TID No. 13 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 §66.11 05, Wis. Stats.; and WHEREAS, 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.3 to the Project Plan for Tax Increment District No. 13 Marion Road/Pearl Avenue Redevelopment, pursuant to the provisions of §66.1105, Wis. Stats. BE IT FURTHER RESOLVED that the improvements contemplated in amended TID No. 13 are likely to significantly enhance the value of substantially all real property within amended TID No. 13. BE IT FURTHER RESOLVED that the value of equalized taxable property in amended TID No. 13, 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 more than 50% of the real property within amended TID No. 13 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 owners were required 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 that said Project Plan is feasible and in conformity with the Master Plan of the City of Oshkosh. 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 the amended Project Plan of TID No. 13 - Marion Road / Pearl Avenue Redevelopment. TAX INCREMENT DISTRICT #13 - AMENDMENT #3 MARION RD.lPEARL AVE. REDEVELOPMENT LEGAL DESCRIPTION A part of the E. Y2 of Section 2, TI7N, RI6E, and part of the SE ~ of the SE Y4 of Section 35, TI8N, R16E all in the 14th Ward, City of Oshkosh, Winnebago County, Wisconsin, described as follows: Commencing at a point on the north line of said Section 2 which is 503.50 feet west of the NE comer of said Section 2; thence N. 00°31 '31" W., 206.50 feet parallel to the east line of the SE Y4 of said Section 35; thence N. 89°54'19" E., 70.50 feet parallel to the south line of the BE Y4 of said Section 35; thence N. 00°31 '31" W., 146.50 feet; thence S. 89°54' 19" W., 400.00 feet; thence S. 00°31 '31" E., 24.00 feet; thence S. 89°54' 19" W., parallel to the south line of said SE Y4 of Section 35,502.00 feet to the west line of the SE Y4 of the SE Y4 of said Section 35; thence south along the west line of the SE Y4 of the SE Y4 of said Section 35 to the south line of said Section 35; thence west along the south line of said Section 35 also being the north line of said Section 2 to the NW comer of the NE Y4 of the NE Y4 of said Section 2; thence south along the west line of the NE Y4 of the NE Y4 of said Section 2 to the south line ofW. 33rd Avenue; thence west along the south line ofW. 33rd Avenue to the west line of Medalist Drive; thence south along the west line of Medalist Dr. to a point 1,375 feet south of the south line ofW. Waukau Avenue; thence S. 89°57'33" W., 548.74 feet to the west line of the NE Y4 of said Section 2; thence south along the west line of the NE Y4 and the SE Y4 of said Section 2 to the NW comer of the Red Oak Acres Assessors Plat; thence east along the north line of the Red Oak Acres Assessors Plat to the NE comer of the Red Oak Acres Assessors Plat; thence south along the east line of the Red Oak Acres Assessors Plat to the south line of said Section 2; thence east along the south line of said Section 2 to the SE comer of said Section 2; thence north along the east line of said Section 2 to the NE comer of the SE Y4 of the SE Y4 of said Section 2; thence west along the north line of the SE Y4 of the SE Y4 of said Section 2 to the west line of County Road I to the north; thence N. 89°59'31" W., 267.52 feet along the north line of the SE Y4 of the SE Y4 of said Section 2; thence N. 01°44'33" E., 332.16 feet; thence S. 89°55'25" E. along the north line oflands described in Doc. No. 439331, Winnebago County Records, to the east line of said Section 2; thence north along the east line of said Section 2 to the NE comer of the SE Y4 of said Section 2; thence west along the north line of SE Y4 of said Section 2, also being the north line ofW. 35th Avenue, to a point 870.90 feet E. of the SW comer of theSE Y4 of the NE Y4 of said Section 2; thence N. 01°51'05" E., 1,288.61 feet; thenceS. 89°22'15" E., to the east line of said Section 2; thence north along the east line of said Section 2 to a point 576.75 feet south of the NE comer of said Section 2; thence west parallel to the north line of said Section 2, 506.85 feet; thence north parallel to the east line of said Section 2 to the north line of said Section 2; thence east along the north line of said Section 2 to the point of beginning. .. -r- ¡r ~I 5 0 Zø tl) -;)= <::> ". ~. <::> >.. 4:::. N CC ¡;¡ ~ 0 to 1:5 C (()O "t"""" ,- :;t:ê lLro - c.. f-x W i u. 0 0 ..q- II - 'C ~