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HomeMy WebLinkAbout05-213.doc JULY 12,2005 05-213 RESOLUTION (CARRIED 7 -0 LOST LAID OVER WITHDRAWN PURPOSE: APPROVE TAX INCREMENT DISTRICT NO. 20 PROJECT PLAN; DESIGNATE TAX INCREMENT DISTRICT NO. 20 BOUNDARIES; CREATE TAX INCREMENT DISTRICT NO. 20 SOUTH SHORE REDEVELOPMENT AREA 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. 20 - South Shore Redevelopment Area; and WHEREAS, the City of Oshkosh Plan Commission has prepared and adopted a project plan for Tax Increment District No. 20 - South Shore Redevelopment Area, which: 9) 10) and 1 ) 2) 3) 4) 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. 20 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. 5) 6) 7) 8) WHEREAS, the Plan Commission has held a public hearing on the creation of TID No. 20 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 JULY 12,2005 05-213 RESOLUTION CONTD WHEREAS, the City of Oshkosh Plan Commission affirms the following per the TID No. 20 Project Plan: . The district is a blighted area TID; . More than 50 percent of the real property within the TID is blighted within the meaning of Section 66.1105(2), Wisconsin Statutes; . Not less than 50% of the structures within the TID are in need of rehabilitation within the meaning of Section 66.1333, Wisconsin Statutes; . The redevelopment of the area will have a significant positive impact on the value of all real property in the District and is in keeping with the goals and objectives of the Comprehensive Plan; . Were it not for the financing mechanisms provided through Tax Increment Law, planned redevelopment of this district would in all likelihood not occur; . The primary objective for creation of TID #20 Project Plan is for blight elimination and to promote redevelopment; . The Project Plan is feasible and is in conformity with the City's Comprehensive Plan; . Improvement of the area is likely to enhance significantly the value of substantially all of the other property in the district; . The project costs identified in the Project Plan relate directly to eliminating blight and rehabilitating the area; . The equalized value of taxable property within the district plus the value increment of all existing districts within the city does not exceed 12 percent of the total equalized value of taxable property within the city. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh that the Project Plan is feasible and in conformity with the City's Comprehensive Plan and hereby approves of the Project Plan [on file at the City Clerk's office] for Tax Increment District No. 20 - South Shore Redevelopment Area, 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. 20 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. 20 - South Shore Redevelopment Area. BE IT FURTHER RESOLVED that the improvements contemplated in TID No. 20 - South Shore Redevelopment Area will have a significant positive impact on the value of all real property in the District and is in keeping with the goals and objectives of the Comprehensive Plan. JULY 12,2005 05-213 RESOLUTION CONTD BE IT FURTHER RESOLVED that the equalized value of taxable property within the District plus the value increment of all existing Districts within the City does not exceed 12% of the total equalized value of taxable property within the City. BE IT FURTHER RESOLVED that not less than 50% of the real property within TID No. 20 are in need of rehabilitation within the meaning of Section 66.1333, Wis. Stats. BE IT FURTHER RESOLVED that the District is a blighted area TID and the project costs identified in the Project Plan relate directly to eliminating blight and rehabilitating the area. "EXHIBIT A" PROPOSED TAX INCREMENT DISTRICT NO. 20 South Shore Redevelopment Area Legal Description A part of Blocks 91, 92, 93, 94, and 95 of Plat of the Original Third Ward, W. Fourth Avenue, Michigan Street, Vacated W. First Avenue, Vacated W. Second Avenue, Vacated W. Third Avenue, and Vacated Michigan Street, being in the W% of the SE% of Section 23-18-16, Sixth Ward, and also part of Blocks 48, 61, 62, 63, 78, and all of Blocks 49, 75, 76, and 77 of Plat of the Original Third Ward, part of W. Third Avenue, W. Fourth Avenue, W. Sixth Avenue, Michigan Street, Lewis Street, Oregon Street, Vacated Michigan Street, Vacated W. Second through Vacated W. Fifth Avenues, Vacated Iowa Street, and Vacated Minnesota Street, being in the SE% of Section 23-18-16, Ninth Ward, and also part of Blocks 5,7,9,16,23,28,32,35,39,43, and all of Blocks 1, 2, 3, 4, 6, 8,10,11, 12, 13, 14, 18, 19, 24, 36, and 40 of Plat of the Original Third Ward, part of W. Sixth through Tenth Avenues, Oregon Street, Nebraska Street, S. Main Street, Pioneer Drive, Vacated W. Fifth through Vacated W. Twelfth Avenues, Vacated E. South Park Avenue, Vacated W. Fourteenth through Vacated W. Sixteenth Avenues, Vacated Nebraska Street, Vacated Indiana Street, and all of Vacated Utah Street, being in the W% and S% of the SW% and the SW% of the SE% of Section 24-18-16, N% and E% of the NW% and the W% of the NE% of Section 25-18-16, Third Ward, all in the City of Oshkosh, Winnebago County, Wisconsin described as follows: Beginning at the intersection of the north line of W. Fifth Avenue and the east line of Iowa Street; thence south along the east line of Iowa Street to the centerline of W. Sixth Avenue; thence east along the centerline of W. Sixth Avenue to the extended west line of Lot 15, Block 63 of Plat of the Original Third Ward; thence north along the extended west line and west line of said Lot 15 to the northwest corner of said Lot 15; thence east along the north lines of Lots 15 through 20, Block 63 of Plat of the Original Third Ward to the northeast corner of said Lot 20; thence south along the east line of said Lot 20 to the centerline of W. Sixth Avenue; thence east along the centerline of W. Sixth Avenue to the extended east line of Lot 2, Block 5 of Plat of the Original Third Ward; thence south along the extended east line and east line of said Lot 2 to the southeast corner of said Lot 2; thence east along the north lines of Lots 13, 14 and 15, Block 5 of Plat of the Original Third Ward to a point 30 feet east of the west line of said Lot 15, Block 5; thence south along a line parallel and 30 feet east of the west line of said Lot 15 to the centerline of W. Seventh Avenue; thence west along the centerline of W. Seventh Avenue to a point 100 feet east of the east line of Oregon Street; thence south along a line parallel and 100 feet east of the east line of Oregon Street to the southeast corner of Lot 2, Block 9 of Plat of the Original Third Ward; thence west along the south line of said Lot 2, 37 feet; thence south parallel with the east line of Oregon Street 18 feet; thence west parallel to the south line of said Lot 2, 13 feet to the west line of Lot 12, Block 9 of Plat of the Original Third Ward; thence south along the east line and extended east line of said Lot 12 to the centerline of W. Ninth Avenue; thence east along the centerline of W. Ninth to the extended west line of Lot 8, Block 16 of Plat of the Original Third Ward; thence south along the west line of said Lot 8 and continuing along the west line of Lot 19, Block 16 of Plat of the Original Third Ward, to the north line of E. Tenth Avenue; thence east along the north line of E. Tenth Avenue to the centerline of S. Main Street; thence north along the centerline of S. Main Street to the centerline of E. Ninth Avenue; thence east along the centerline of E. Ninth Avenue to a point 9.5 feet westerly of the centerline of former Chicago and North Western Railway Company Spur Track I.C.C. #208; thence southerly along a line to a point on the centerline of E. Tenth Avenue that is 9.5 feet westerly of the centerline of former Chicago and North Western Railway Company Spur Track I.C.C. #569, said line being 9.5 feet westerly and parallel to the centerline of said spur tracks #208 and #569; thence east along the centerline and extended centerline of E. Tenth Avenue to the easterly line of the Fox Valley & Western, Ltd. Railroad right-of- way; thence southerly along the easterly line of the Fox Valley & Western, Ltd. Railroad right-of-way to the centerline of vacated W. Sixteenth Avenue; thence east along the centerline of vacated W. Sixteenth Avenue and its extension 1,500 feet; thence due north 2,700 feet; thence due west to a point on the Southwesterly Shore line (U.S. Harbor line) of the Fox River as established by a General Ordinance of the City of Oshkosh per Document No. 276204 of Winnebago County Records; thence northwesterly approximately 2,800 feet along said Southwesterly Shore line (U.S. Harbor line) of the Fox River to a point 254.29 feet westerly of the east line of Block 49 of Plat of the Original Third Ward and the west line of Oregon Street as measured along said shore line (U.S. Harbor line); thence S01°06'40"E, 50.19 feet; thence N83°24'35"W, 97.95 feet; thence NOoo50'59"W, 25.21 feet; thence N83°24'35"W, 312.30 feet; thence S19°52'44"W, 48.96 feet; thence S88°39'28"W, 347.87 feet; thence S64°03'18"W, 44.71 feet; thence S30o44'42"W, 70.23 feet; thence S70o56'07"W, 33.44 feet; thence N71°24'10"W, 33.72 feet; thence N22°42'25"E, 267.02 feet to a point on said southwesterly shore line (U.S. Harbor line) of the Fox River; thence northwesterly approximately 1800 feet along said Southwesterly Shore line (U.S. Harbor line) of the Fox River to easterly line of Ohio Street; thence southerly along the easterly line of Ohio Street to the northwesterly corner of Lot 1 of Certified Survey Map (CSM) No. 903 of Winnebago County Records; thence southeasterly along the northerly line of Lots 1, 2, and 3 of said CSM to the northeasterly corner of Lot 3 of said CSM and the northwesterly corner of Lot 1 of CSM No. 5619; thence southeasterly along the northerly line of Lots 1, and 2 of CSM No. 5619 to the northeasterly corner of said Lot 2, also being on the west line of vacated Michigan Street; thence south along the east line of said Lot 2 and the west line of Vacated Michigan Street to the easterly most corner of said Lot 2; thence southwesterly along the southeasterly line of said Lot 2 to the southerly most corner of said Lot 2 and the northeast corner of Lot 4 of CSM No. 5619; thence southwesterly along the southeast line of said Lot 4 to the southerly most corner of said Lot 4 and the easterly most corner of Lot 1 of CSM No. 2631; thence southwesterly along the southeasterly line of said Lot 1 to the northeast corner of Lot 2 of CSM No. 2631, and the centerline of vacated W. Third Avenue; thence east along the centerline of vacated W. Third Avenue to a point on a line parallel to and 300 feet east of the east line of Ohio Street; thence south along a line parallel to and 300 feet east of the east line of Ohio Street to the centerline W. Fourth Avenue; thence west along the centerline of W. Fourth Avenue to the extended east line of Lot 3, Block 95 of Plat of the Original Third Ward; thence south along the east line of said Lot 3 to the southeast corner of said Lot 3; thence east along the north lines of Lots 16 through 24, Block 95, and Lots 13 through 23, Block 78 of Plat of the Original Third Ward to the northeast corner of Lot 23, Block 78 of Plat of the Original Third Ward; thence south along the east line of said Lot 23 to the north line of W. Fifth Avenue; thence east along the north line of W. Fifth Avenue to the point of beginning. "EXHIBIT A" PROPOSED TAX INCREMENT DISTRICT NO. 20 South Shore Redevelopment Area Legal Description A part of Blocks 91,92,93,94, and 95 of Plat of the Original Third Ward, W. Fourth Avenue, Michigan Street, Vacated W. First Avenue, Vacated W. Second Avenue, Vacated W. Third Avenue, and Vacated Michigan Street, being in the W% of the SE~ of Section 23-18-16, Sixth Ward, and also part of Blocks 48,61, 62, 63, 78, and all of Blocks 49, 75, 76, and 77 of Plat of the Original Third Ward, part of W. Third Avenue, W. Fourth Avenue, W. Sixth Avenue, Michigan Street, Lewis Street, Oregon Street, Vacated Michigan Street, Vacated W. Second through Vacated W, Fifth Avenues, Vacated Iowa Street, and Vacated Minnesota Street, being in the SE~ of Section 23-18-16, Ninth Ward, and also part of Blocks 5, 7, 9,16,23,28,32,35,39,43, and all of Blocks 1,2,3,4,6,8,10,11, 12, 13, 14, 18, 19,24,36, and 40 of Plat of the Original Third Ward, part of W. Sixth through Tenth Avenues, Oregon Street, Nebraska Street, S. Main Street, Pioneer Drive, Vacated W. Fifth through Vacated W. Twelfth Avenues, Vacated E. South Park Avenue, Vacated W. Fourteenth through Vacated W. Sixteenth Avenues, Vacated Nebraska Street, Vacated Indiana Street, and all of Vacated Utah Street, being in the W% and S% of the SW~ and the SW~ of the SE~ of Section 24-18-16, N% and E% of the NW~ and the W% of the NE~ of Section 25- 18-16, Third Ward, all in the City of Oshkosh, Winnebago County, Wisconsin described as follows: Beginning at the intersection of the north line of W. Fifth Avenue and the east line of Iowa Street; thence south along the east line of Iowa Street to the centerline ofW. Sixth Avenue; thence east along the centerline of W, Sixth Avenue to the extended west line of Lot 15, Block 63 of Plat of the Original Third Ward; thence north along the extended west line and west line of said Lot 15 to the northwest corner of said Lot 15; thence east along the north lines of Lots 15 through 20, Block 63 of Plat of the Original Third Ward to the northeast corner of said Lot 20; thence south along the east line of said Lot 20 to the centerline ofW. Sixth Avenue; thence east along the centerline of W. Sixth Avenue to the extended east line of Lot 2, Block 5 of Plat of the Original Third Ward; thence south along the extended east line and east line of said Lot 2 to the southeast corner of said Lot 2; thence east along the north lines of Lots 13, 14 and 15, Block 5 of Plat of the Original Third Ward to a point 30 feet east of the west line of said Lot 15, Block 5; thence south along a line parallel and 30 feet east of the west line of said Lot 15 to the centerline of W. Seventh Avenue; thence west along the centerline of W. Seventh Avenue to a point 100 feet east of the east line of Oregon Street; thence south along a line parallel and 100 feet east of the east line of Oregon Street to the southeast corner of Lot 2, Block 9 of Plat of the Original Third Ward; thence west along the south line of said Lot 2, 37 feet; thence south parallel with the east line of Oregon Street 18 feet; thence west parallel to the south line of said Lot 2, 13 feet to the west line of Lot 12, Block 9 of Plat of the Original Third Ward; thence south along the east line and extended east line of said Lot 12 to the centerline of W. Ninth Avenue; thence east along the centerline of W. Ninth to the extended west line of Lot 8, Block 16 of Plat of the Original Third Ward; thence south along the west line of said Lot 8 and continuing , j ~ 1 along the west line of Lot 19, Block 16 of Plat of the Original Third Ward, to the north line of E. Tenth Avenue; thence east along the north line of E. Tenth Avenue to the centerline of S. Main Street; thence north along the centerline of S. Main Street to the centerline of E. Ninth Avenue; thence east along the centerline of E. Ninth Avenue to a point 9.5 feet westerly of the centerline of former Chicago and North Western Railway Company Spur Track I.C.C. #208; thence southerly along a line to a point on the centerline of E. Tenth Avenue that is 9.5 feet westerly of the centerline of former Chicago and North Western Railway Company Spur Track I.C.C. #569, said line being 9.5 feet westerly and parallel to the centerline of said spur tracks #208 and #569; thence east along the centerline and extended centerline of E. Tenth Avenue to the easterly line of the Fox Valley & Western, Ltd. Railroad right-of-way; thence southerly along the easterly line of the Fox Valley & Western, Ltd. Railroad right-of-way to the centerline of vacated W. Sixteenth Avenue; thence east along the centerline of vacated W. Sixteenth Avenue and its extension 1,500 feet; thence due north 2,700 feet; thence due west to a point on the Southwesterly Shore line (U.S. Harbor line) of the Fox River as established by a General Ordinance of the City of Oshkosh per Document No. 276204 of Winnebago County Records; thence northwesterly approximately 2,800 feet along said Southwesterly Shore line (U.S. Harbor line) of the Fox River to a point 254.29 feet westerly of the east line of Block 49 of Plat of the Original Third Ward and the west line of Oregon Street as measured along said shore line (U.S. Harbor line); thence SO1°06'40"E, 50.19 feet; thence N83°24'35"W, 97.95 feet; thence NOoo50'59"W, 25.21 feet; thence N83°24'35"W, 312.30 feet; thence S19°52'44"W, 48.96 feet; thence S88°39'28"W, 347.87 feet; thence S64°03'18"W, 44.71 feet; thence S30o44'42"W, 70.23 feet; thence S70o56'07"W, 33.44 feet; thence N71 °24'10"W, 33.72 feet; thence N22°42'25"E, 267.02 feet to a point on said southwesterly shore line (U.S. Harbor line) of the Fox River; thence northwesterly approximately 1800 feet along said Southwesterly Shore line (U.S. Harbor line) of the Fox River to easterly line of Ohio Street; thence southerly along the easterly line of Ohio Street to the northwesterly corner of Lot 1 of Certified Survey Map (CSM) No. 903 of Winnebago County Records; thence southeasterly along the northerly line of Lots 1, 2, and 3 of said CSM to the northeasterly corner of Lot 3 of said CSM and the northwesterly corner of Lot 1 of CSM No. 5619; thence southeasterly along the northerly line of Lots 1, and 2 of CSM No. 5619 to the northeasterly corner of said Lot 2, also being on the west line of vacated Michigan Street; thence south along the east line of said Lot 2 and the west line of Vacated Michigan Street to the easterly most corner of said Lot 2; thence southwesterly along the southeasterly line of said Lot 2 to the southerly most corner of said Lot 2 and the northeast corner of Lot 4 of CSM No. 5619; thence southwesterly along the southeast line of said Lot 4 to the southerly most corner of said Lot 4 and the easterly most corner of Lot 1 of CSM No. 2631; thence southwesterly along the southeasterly line of said Lot 1 to the northeast corner of Lot 2 of CSM No. 2631, and the centerline of vacated W. Third Avenue; thence east along the centerline of vacated W. Third Avenue to a point on a line parallel to and 300 feet east of the east line of Ohio Street; thence south along a line parallel to and 300 feet east of the east line of Ohio Street to the centerline W. Fourth Avenue; thence west along the centerline of W. Fourth Avenue to the extended east line of Lot 3, Block 95 of Plat of the Original Third Ward; thence south along the east line of said Lot 3 to the southeast corner of said Lot 3; thence east along the north lines of Lots 16 through 24, Block 95, and Lots 13 through 23, Block 78 of Plat of the Original Third Ward to the northeast corner of Lot 23, Block 78 of Plat of the Original Third Ward; thence south along the east line of said Lot 23 to the north line ofW. Fifth Avenue; thence east along the north line ofW. Fifth Avenue to the point of beginning. 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