HomeMy WebLinkAbout08-158MAY 13, 2008 08-158 RESOLUTION
(CARRIED
LOST 2-5 LAID OVER,
WITHDRAWN )
PURPOSE
INITIATED BY
TERMINATE TAX INCREMENTAL DISTRICT #15
CITY ADMINISTRATION
WHEREAS, on January 9, 2001, the Common Council for the City of Oshkosh
passed a creation resolution and adopted a project plan for Tax Increment District No.
15, generally the Park Plaza/Commerce Street Redevelopment; and
WHEREAS, all TIF District No. 15 projects were completed in the allowed time;
and
WHEREAS, sufficient increment has been collected as of the 2007 tax roll,
payable in 2008, to cover TIF District No. 15 project costs;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Oshkosh that Tax Increment District No. 15 is terminated; and
BE IT FURTHER RESOLVED, that the City Clerk shall notify the Wisconsin
Department of Revenue prior to May 15, 2008, that the District has been terminated;
and
BE IT FURTHER RESOLVED, that the City Clerk shall sign the required
Wisconsin Department of Revenue final accounting form agreeing on a date by which
the City shall send final audited information to the Wisconsin Department of Revenue;
and
BE IT FURTHER RESOLVED, that the City Treasurer shall distribute any excess
increment collected after providing for ongoing expenses of the District, to the affected
taxing districts with proportionate shares to be determined by the final audit by the City's
Auditors.