HomeMy WebLinkAbout10-67FEBRUARY 23, 2010 10 -67 RESOLUTION
(CARRIED 5 -2 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE AMENDMENT #5 TO TAX INCREMENT DISTRICT
NO. 7 TO TRANSFER POSITIVE TAX INCREMENTS TO NEWLY
CREATED TID NO. 24 SOUTH INDUSTRIAL REDEVELOPMENT
INITIATED BY: DEPARTMENT OF COMMUNITY DEVELOPMENT
PLAN COMMISSION RECOMMENDATION: Approved
WHEREAS, the City of Oshkosh has created TID No. 7 Southwest Industrial
Park, as amended, and
WHEREAS, Wisconsin Statutes provides for the ability to amend the project plan
of a TID to permit positive tax increments to be donated to a blighted TID or where the
anticipated increment does not meet anticipated debt service; and
WHEREAS, TID No. 7 has the financial capability to act as a donor district to TID
No. 24; and
WHEREAS, the Plan Commission has held a public hearing and has notified the
Chief Executive Officers of all local government entities having the power to levy taxes
on property within the District.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that:
1) The original findings for TID #7 (see attached) are still valid.
2) The proposed amendment is feasible and in conformity with the City's
Comprehensive Plan.
3) There are sufficient revenues in the donor district TID No. 7 to account for the
required debt service in said district and still be able to transfer excess revenues
to TID No. 24.
4) The amendment will not result in the City exceeding its value limitation cap of
12% with the City currently at 7.67 %.
BE IT FURTHER RESOLVED that the Common Council approves of said Project
Plan and Allocation Amendment for Tax Increment District No. 7 pursuant to the
provisions of Wisconsin Statutes.
A
OIHKOfH
ON THE WATER
TO: Honorable Mayor and Members of the Common Council
FROM: Darryn Burich
Director of Planning Services
DATE: February 18, 2010
RE: Approve Project Plan and Allocation Amendment to Tax Increment District 47
Southwest Industrial Park (Plan Commission Recommends Approval)
BACKGROUND
State Statutes allow cities to amend Tax Increment Districts (TID) in numerous ways. The boundaries
of a district may be modified to include additional area into the district or to remove developed area
from the district and return it to the property tax rolls. A district's project plan may be amended to
include new project costs or different financing plans. Tax increment may be allocated from one
district (donor) to another (recipient) to help offset costs. Lastly, a TID can be extended beyond the
statutory maximum life if existing tax increments are or will not be sufficient to pay off project costs in
the allowed time.
It is being proposed to amend TID # 7 to act as a donor to proposed TID # 24 to allocate positive tax
increment estimated at approximately $1 million as part of an overall development assistance grant of
$5 million to Oshkosh Corporation to support of development of an E -Coat facility for manufacture of
the FMTV for the federal government. The FMTV program is a 5 -year $3 billion contract to
manufacture up to 23,000 vehicles and trailers.
Please see the Project Plan Amendment (Amendment No. 5) for more information.
ANALYSIS
The Southwest Industrial Park is the City's most successful TID with a 2009 increment value of
$138,384,800 and generating approximately $3.2 million in annual tax revenues. The district has a
base creation year of 1989 and has been previously amended four times to allocate positive tax
increments to other districts including TID #8 South Aviation Industrial Park, TID 413 Marion
Road /Pearl Avenue Redevelopment, and TID 416 100 Block Redevelopment.
TID # 7 currently has a cash balance of approximately $9,592,492 of which it is proposed to donate up
to $1 million to proposed TID # 24 as part of an overall estimated $5 million development assistance
grant. The proposed donation of tax increment will not negatively impact the district's ability to pay
off annual debt service as the revenues exceed debt service and the donation is coming from cash
reserves of the district.
FISCAL IMPACT
The proposed amendment will not have a negative fiscal impact on the City as development made
possible through the increment donation is already provided with city services and no extension of city
services is required to service the new development.
RECOMMENDATION
The Plan Commission approved of this request at its January 19, 2010 meeting.
Approved,
City Manager
ITEM: PUBLIC HEARING ON PROJECT PLAN AND ALLOCATION AMENDMENT
TO TAX INCREMENT DISTRICT #7 SOUTHWEST INDUSTRIAL PARK
— Department of Community Development
Plan Commission meeting of January 19, 2010
Prior to taking action on the proposed amendments, the Plan Commission is to hold a public hearing
and take comments concerning the proposed amendments.
PROPOSAL
The Department of Community Development requests approval of Project Plan and Allocation
Amendment to transfer (donor) positive tax increments to a newly created blighted and industrial
development TID #24 South Industrial Redevelopment (recipient). Attached to this staff report is the
Project Plan Amendment document.
BACKGROUND
State Statutes allow cities to amend Tax Increment Districts (TID) in numerous ways. The boundaries
of a district may be modified to include additional area into the district or to remove developed area
from the district and return it to the property tax rolls. A district's project plan may be amended to
include new project costs or different financing plans. Tax increment may be allocated from one
district (donor) to another (recipient) to help offset costs. Lastly, a TID can be extended beyond the
statutory maximum life if existing tax increments are or will not be sufficient to pay off project costs in
the allowed time.
In this case, the City is proposing to amend the project plan of this TID to act as a donor district to
allocate positive tax increments to a recipient district where the anticipated tax increments or district
revenues will not support anticipated project costs. The City is proposing to allocate positive tax
increments from TID #7 Southwest Industrial Park to TID #24 South Industrial Redevelopment.
The Southwest Industrial Park is the City's most successful TID with a 2009 increment value of
$138,384,800 and generating approximately $3.2 million in tax revenues. The district has a base
creation year of 1989 and has been previously amended four times to allocate positive tax increments
to other districts including TID #8 South Aviation Industrial Park, TID #13 Marion Road /Pearl Avenue
Redevelopment, and TID #16 100 Block Redevelopment.
The City is proposing to transfer positive increments in the amount of $1,000,000 to TID #24 to help
provide a development assistance grant totaling up to $5,000,000.
ANALYSIS/ECONOMIC FEASIBILITY
Statutes require that all existing debt service be able to be serviced in the donor district prior to
allocation to any recipient district. As such, the following table illustrates that existing debt service
can be accommodated without negatively impacting its ability to service existing debt service and
other transfers.
ItemX -Amend TID #7
SOUTHWEST INDUSTRIAL PARK #2
TID #7
tiEAR
CTW
'A1&
i
EQUALMEC
'M
AMOUKT
DEBT
SER1110E
FJ MAf W 4G
DEBT
0 YEAR END
EXEIIVrr
aC
AID
ADDNtJAM J
OrrER
E
�'
TO
OTtER'IFS
OrrUt
RETIE
END OF YEAR
&M-ANCE
VY"H LAND
END OF YEAR
CASH
LAND I BALMK£
TAX:
RATE
199&'1957
$44,977,000
524.38
$1,098,377
$915,353
$10,204.114
5638;000
$15,309
5155,000
$6,803,0E6
$6,428,0167
5374,938
159711438
`$...5,113,600
523.64
$1,373.604
$952,327
$9,257 ?87
$92=
$7.132,282
56,492,249
5840.033
1998'1999
W,964,
52377
51.449,738
$979,073
58.272,714
156,422
$1,109,500
115
$6152,582
52K442
19 Al2COO
$67,756,600
$23.18
51..,'69,279
5657,199
$7.605,515
$152,438
5310,000
56:510
$7.186,052
$6,152,582
61;035,4711
201
$ 551;600
M,58
$1.781,270
57.°2..379
$E., 3,135
$149,178
$378, 50
57,958,122
brat52.S6<
$i.6 .540
2001' -ID02
W,598,100
S24"�
$2„277.500
1777541
1E.W.495
$155,0143
51,265;000
V325,024
35,452,582
52,175.442
20012003
$x,149;200
523.5t
$2307,10E
$755,681
$5.289,814
$153,517
51,0554;20
$8.975,755
$6.152,582
$2,526,173
200312004
$103,5053,6005
522:34
$:362,981
$714,853
54,574,961
$t42,72u
51,11E -,00A
$9,653,613
,152,, -W,
$3,501,031
2e034PD05
5108,414,20'°
523.05
$2,488,25°
$714.645
$35,%0,316
$148,916
$1,053.000
$10,
Kt52,552
$4,370.557
2005'20[36
5113.250;90121
$m X#
$u490,715
$659,958
53,160,35"
$119,558
51,095„0+00
$11.337,454
56.152,582
$5,184.572
2M612 7
5122329.50X}
321.9v°
$2E38,fi54
'5533,131
52,567.227
$114.893
51,564,014
$11,963,a53
$6,152.5W
35.811.71
200172W8
51,32,9W,5W
SM16
52,946,679
3625,383
$1.440,844
$95,869
S1
313 „0356,64$5
SE,152,5W
$6,9014,227
cXAW009
5145.422,100
=316
53,247;989
$624,0217
St,316.837
$82,3605
51,31&6w
$14A47AW
WISZ5M
58294,381
200572010
5138,384,9+x#
523.3523
$3.231,2S5
5627,605
5689,9
51,310,132
515741.0X}3
5£;152,582
59,588.425
201'0".:011
5138,354.Kc
$23.359
53,231,285
54€F0.45J
5288,7%9
51,331,822
S17.240,a21
,152,562
$11,067,439
2C11,C-012
51. ,384,wrl
23.3
$3.231 ?fti
S1�a2206
5126,5 3
51,797.690
51 °,511.410
SE,152,w
$12,358,828
2012! 013
5138,3u 500
$ ,Mra
S&231,255
540.497
586.076
51,155,7_7
320,543,432
$6,152.562
414,393.850
20132014
5138,384,9x3
123.:3513
$3,.231,2rs5
$44.1m
5.41,911
51. 163,130
522,567,422
$6.152,562:
$16,414,540
2014.20t5
5138,384,500
123.3`'
54�231,2fk
$31.911
50
51.161,951
534,=94.815
5& 152,562
515,442.233
20152
5138,384,6&30
1-23.35+1
53.231,28€
$0
sG,
$6,565.959
521,260,531
$6,152,582
$15.107,949
RECOMMENDATION
The Department of Community Development asks that the Plan Commission approve the Project Plan
and Allocation Amendments as proposed.
The Plan Commission approved of the Project Plan and Allocation Amendments as requested. The
following is the Plan Commission's discussion on this item.
Mr. Burich presented the item and explained the necessity for the funds needed to support TID #24.
He also discussed the annual income from TID #7 Southwest Industrial Park and its ability to donate
$1,000,000 to TID #24 as well as other TID's it has donated to in the past. He explained that TID #7
has a healthy balance and the proposed donation to TID #24 would not harm the debt service or other
TID's that are supported by it.
Mr. Fojtik opened the public hearing for comments. There were no public comments.
Mr. Thorns inquired if this amendment would elongate TID #7.
Mr. Burich responded that it would not and that statutorily TID #7 would terminate in 2016.
Mr. Thorns then questioned how it impacts TID #7.
item -Amend TID 97
Mr. Burich replied that there would be no negative impact on TID 47 and anticipates in 2016 at the
termination of the TID, it should have a cash balance of $14,000,000 which would go back to the
taxing entities.
Mr. Fojtik commented that it conveys the incredible success of TID #7 that it could support itself as
well as assist other TIF districts.
Mr. Burich agreed and stated that it also has assisted the TID in the Marion Road project.
Mr. Bowen inquired how the donation to TID #24 compares to other TIF district assistance.
Mr. Burich responded that he did not have exact figures, but believed the donation was probably "on
par" but would look into the matter to get specific figures.
Motion by Vajgrt to approve the Project Plan and Allocation Amendment to TID 47 as
requested.
Seconded by Borsuk Motion carried 6 -0.
Item -Amend TID 97
ALLOCATION /PROJECT PLAN
AMENDMENT
TO
Tax Increment District #7
Southwest Industrial Park
(Amendment No. 5)
4
Of HKOV H
ON THE WATER
City Of Oshkosh
January 2010
Project Plan /Allocation Amendment
Tax Increment District # 7
Amendment No. 5
Public Hearing Date
January 19, 2010
Adopted by Plan Commission
January 19, 2010
Approved by Common Council (Pending)
February 23, 2010
Approved by Joint Review Board (Pending)
Prepared By:
Department of Community Development
December, 2009
Table of Contents
AmendmentSummary ................................................................................................
..............................
Introduction/ Background ......................................................................................
..............................
Nameof District
............................... 2
....................................................................................................
Boundaries..............................................................................................................
..............................
Proposed Improvements and Project Costs ...........................................................
..............................
EconomicFeasibility ..............................................................................................
..............................
Findings & Report to the Joint Review Board ........................................................ ..............................
Appendix A — Project Map
#7 Southwest Industrial Park Boundaries
........................... ..............................4
#24 South Industrial Redevelopment ...................................
..............................5
6
Appendix -Financial Table ................................................................................
........................,......
AppendixC — Creation Resolutions .........................................................................
..............................7
Amendment Summary
Amendment Allocation/Project Plan amendment to transfer positive tax increments
Purpose: from donor district (TID # 7) to a recipient district (TID # 24) to eliminate
blighting conditions and promote industrial development through site
improvements.
Amend. No. 5 TO #7 1
Southwest Industrial Park
Donor District
TID # 7
Amendment No. 5
South Industrial
Recipient District
TID # 24
Redevelopment
Creation Year
TID Types
TID # 7
Industrial
1989
TID # 24
Blighted Area & Industrial
2010
Estimated Direct Transfer
from TID # 7
$1,000,000
09 Fund Balance
$9,605,130
09 Increment
$138,384,800
09 Remaining Debt Service
$689,229
Est. Avg. Annual District
Est. Fund Balance at Closure
Tax Revenues
$3,247,989
with allocation
$13,224,878
Avg. Annual Debt
Service
$383,117
Est. Closure Date
2016
Amend. No. 5 TO #7 1
INTRODUCTIONBACKGROUND
State statutes allow cities to amend Tax Increment Districts (TID) in numerous ways. The
boundaries of a district may be modified to include additional area into the district or to remove
developed area from the district and return it to the property tax rolls. A district's project plan
may be amended to include new project costs or different financing plans. Tax increment may be
allocated from one district (donor) to another (recipient) to help offset costs. Lastly, a TID can
be extended beyond the statutory maximum life if existing tax increments are or will not be
sufficient to pay off project costs in the allowed time.
In this case, the City is proposing to amend the project plan of one TID to act as a donor district
to allocate positive tax increment to a recipient district where the anticipated increment does not
meet anticipated debt service. The City is proposing to allocate positive tax increment from TID
#7, Southwest Industrial Park to newly created TID #24 South Industrial Redevelopment.
Because the project plan of TID #7 did not originally include provisions for allocation, this
amendment also represents a change to the district project plan.
The Southwest Industrial Park is the City's most successful TID with a 2009 increment value of
$138,384,800 and generating annually approximately $3.2 million in tax revenues. The district
has a base creation year of 1989 and has been previously amended four times to allocate positive
tax increments to other districts including TID # 6 Northwest Industrial Park, TID #8 South
Aviation Industrial Park, TID #13 Marion Road/Pearl Avenue Redevelopment, and TID # 16 100
Block Redevelopment.
NAME OF DISTRICT
The name of the district remains the same, Tax Increment District #7 Southwest Industrial Park.
BOUNDARIES
The boundaries as illustrated on the map in Appendix A and legal description remains the same
as adopted in its creation resolution (see Appendix Q.
PROPOSED IMPROVEMENTS & PROJECT COSTS
The City is not proposing new improvements in TID #7. The City is proposing to transfer
positive increments in the amount of $1,000,000 to TID #24 to help implement that project plan
where the anticipated increment will not support all project costs to help eliminate blighting
conditions and promote industrial development in that district.
Amend No 5 TID # 7 2
ECONOMIC FEASIBILITY
In order for the City and Joint Review Board to approve an allocation amendment, it must be
demonstrated that there are sufficient increments available to cover debt service costs in the
donor district. Appendix B of this plan includes a table showing the current financial status of
TID # 7 that shows it has the financial ability to make the donation to TID # 24 and still easily
cover annual debt service requirements as average tax revenues exceed average annual debt
service by approximately $2.9 million.
FINDINGS & REPORT TO THE JOINT REVIEW BOARD
State TIF statutes require certain findings for Project Plan and Allocation Amendments to be
valid and provided to the Joint Review Board. With these Amendments, the Common Council
does affirm the following findings:
1) The original findings for TID #7 are still valid.
2) The proposed amendments are feasible and in conformity with the City's Comprehensive
Plan.
3) There are sufficient revenues in the donor district of TIDs #7 to account for required debt
service with the allocation to TID # 24.
4) The amendments will not result in the City exceeding its value limitation cap of 12% with
the City currently at 7.67 %.
Amend No 5 TID # 7 3
Appendix A
Maps of TID #7, and TID #24
Amend No 5 TO # 7
0
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Appendix B
TID # 7 Financial Table
SOUTHWEST INDUSTRIAL PARK #2
TI F #7
•annm
Amend No 5 TID # 7
PROJECTED
QUALIZED
REMAINING
---
TRANSFER
END OF YEAR
END OF YEAR
TAX
TAX
TIF
DEBT,
DEBT
C,OTHER
�RORROWNG
TO
OTHER
BALANCE
C ASH
YEAR
INCREMENT
RATE
' AMOUNT
SERVICE
YEAR END
DJ :
EXPENSE
OTHER TIFs
REVENUE
WIT14 LAND
LAW
BALANCE
1995!1997
$44,977,000
$24.38
$1,098,377
%15,353
$10,204,114
$638,009
515,309
$155,000
$6,803,005
$6.428,067
$374,938
199711998
$58
$23.64
$1
$952,327
$9
$92,000
$7
K492,249
$640
1998/1999
$60,964200
523.77
$1,449,738
$979,073
$8,272,714
$56,422
$1,109,59
$310,000
$6,510
$6,437,024
$7,188,052
$6,152,582
$6,152582
5284,442
51,035,470
1999!2000
200012001
$67,758,600
$75,551,600
$23.18
$23.58
$1,569,279
$1,781,270
$667,199
$782,379
,605,515
$6,823,136
$152,438
$149,178
$378,000
$7,958,122
$6,152582
$1,805,540
2001(2002
$93,598.100
$24.29
$2,277,500
641
$6,045,495
$155,D43
$1,285,000
58,328. 24
$6,152 582
$2175,442
200212003
$98149.200
$23.51
307105
$755,681
$5289,814
$153,517
$1,054Z9
$8,978,755
$6,152,582
W26 73
2003!2004
$ 103, 503, 600
$22.84
1 52.362,981
$714,853
$4,574,961
$142,729
$1,116,DW
$9,653,613
56,152,582
$3,501,031
200412005
$108
$23.05
$2,488,253
$714,645
$3.860.316
$148,918
$1.053 {X10
$1,096,000
$10,523
$11,337,454
$6
$6,152,582
$4
$5,184,872
200512006
2006/2007
$1t3, 250, 900
$122 329 500
$22.00
$21.98
$2,490,715
S2,688,654
$699,958
5593131
$3
$2W,227
$119,5588
W4
$1
$11
$6.152592
$5,811
2007/2{708
$132,938.800
$22.16
$2,946,679
$626,383
$1,940,844
595.889
$1,323,229
1,315,688
513,056,809
514,447,463
$6.152,562
$6,152,582
$6,904,227
$8294,881
2008/2009
$145,422,100
$22316
53,247,989
5624,007
$1,316,837
$82
4113M
$11,087,439
201012011
'
5138,384,80D
$23.350
$3.231,285
$400,450
5288,779
$1
$17,240,021
$6,152,582
201112012
5138 384,80D
523.350
53,231285
$162,206
$126
51.797.690
$1,158,767
$18,511
520,543,432
$6,152,582
$6,152,582
$12.358,828
$14,390,850
3012{2013
2013/2014
5138,384,800
$138
$23350
$23.350
$3231,285
$1231285
$40,497
$44,165
$86,076
1 $41,911
1
11 163.130
522.567 422
S6152582
$16,414 - 840
201412015
$138,384,800
$23350
53,231,285
$41,911
$0
$1,161,981
56.565569
$24,594,815
521260.531
56,152,582
$6.152582
$18.442,33
S15107,949
2 0 1 5120 1 6
$138,384
523.350
53.231285
$i1
$0
Amend No 5 TID # 7
Appendix C
Creation Resolutions for #7
Amend No 5 TO # 7
JULY 20, 1989
#196 RESOLUTION
(CARRIED - - - - -- LUST - - - -- -LAID OVER - - - - -- WITHDRAWN - - - - -- )
PURPOSE: CREATION OF TAX INCREMENTAL FINANCE DISTRICT #7
INITIATED BY: CITY ADMINISTRATION
PLAN COMMISSION RECOMMENDATION: Approved 8 -0
WHEREAS, the Plan Commission has held a public hearing on the
creation of a Tax Increment District and the proposed boundaries
thereof; and
WHEREAS, the Chief Executive Officers of the Oshkosh Area School
District, Winnebago County Board, and other entities having power to
levy taxes on property located within the proposed TID have been
notified including the School Board of any school district which
includes property within the proposed District pursuant to Section
66.46(a), Wisconsip Statutes.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City
of Oshkosh hereby approves creation of Tax Incremental Financing
District No. 7, City of Oshkosh, described as follows:
A parcel of land lying in the E 1/2 of the HE 1/4 of Section 32 -18-
16 and in Section 33- 18 -16, 13th Ward, City of Oshkosh, Winnebago
County, Wisconsin, described as follows:
Commencing at the intersection of the S line of W. 20th Ave
(C.T.H. "K ") and the E line of said Section 32, thence W along the
S line of W. 20th Ave (C.T.H. "K ") to the W line of the E 1/2 of
the W 1/2 of the HE 1/4 of the HE 1/4 of said Section 32, thence S
parallel to the W line of the HE 1/4 of the HE 1/4 of said Section
32 to the S line of the HE 1/4 of the HE 1/4 of said Section 32,
thence W along the S line of the HE 1/4 of the HE 1/4 of said
Section 32 to the SW corner of the HE 1/4 of the HE 1/4 of said
Section 32, thence S along the W line of the SE 1/4 of the HE 1/4
of said Section 32*to the S line of the HE 1/4 of said Section 32,
thence E along the S line of the HE 1/4 of said Section 32 to the
E line of said Section 32, thence S along the W line of Section
33 -18 -16 to the S line of said Section 33- 18 -16, thence E along
the S line of Section 33- 18 -16, 925.5 ft., thence H 00 E
387.00 ft., thence S 89 E 105.0 ft., thence S 00 W
387.0 ft. to the S line cif Section 33- 18 -16, thence E along the S
line of Section 33 -18 -16 to the SE corner of the SE 1/4 of the SW
1/4 of Section 33- 18 -16, thence N 00 0 41'15" E 290.40 ft. along the
E line of the SE 1/4 of the SW 1/4 of Section 33- 18 -16, thence S
89 E 150.00 ft., thence S 00 W 290.40 ft. to.the S
line of Section 33- 18 -16, thence E along the S line of Section 33-
18-16, 1038:38 ft., thence N 00 E 196.00 ft., thence S
89 E 150.0 ft. to the E line of the SW 1/4 of the SE 1/4 of
Section 33- 18 -16, thence S along the E line of the SW 1/4 of the
SE 1/4 of Section 33 -18 -16 to the S line of said Section 33,
thence E along the S line of said Section 33 to the SE corner of
said Section 33, thence N along the E line of said Section 33,
1516.36 ft., thence N 89 W to a point 583 ft. E of the W
VA
JULY 20, 1989 # 196 RESOLUTION (cont'd)
line of the HE 1/4 of the SE 1/4 of said Section 33, thence S
00 E 305 ft., thence N 89 W 563 ft. to the W line of
the SE 1/4 of the SE 1/4 of said Section 33, thence N 00 E
179.38 ft. along the E line of the W 1/2 of the SE 1/4 of Section
33- 18 -16, thence N 35 W 487.29 ft. to the Sly right -of -way
line of S.T.H. "44 ", thence NEly along the Sly line of S.T.H. "44"
to the extended Wly line of property described in Doc. 0445801 as
recorded in Winnebago County Register of Deeds office, thence Nly
along the Wly line of property described in said Doc. #445601 to
the N line of the NW 1/4 of the SE 1/4 of said Section 33, thence
E along the S line of the HE 1/4 of said Section 33 to the Nly
line of S.T.H. "44", thence E along the Nly line of S.T.H. "44" to
the Wly line of U.S.H. "41 ", thence Nly along the Wly line of
U.S.H. "41" to the extended Sly line of Ellenwood Cemetery as
recorded in Doc. #146792, Winnebago County Register of Deeds,
thence E along the extended 5 line of said Ellenwood Cemetery to
the E line of S. Washburn St, thence N along the E line of S.
Washburn St to the SE corner of S. Washburn St and.W. 20th Ave
(C.T.H. "K"), thence W along the S line of W. 20th.Ave (C.T.H.
*'V) to a point 217.00 ft. W of the E line of the NW 1/4 of
Section 33- 18 -16, thence S 00 W 240.01 ft., thence N
89 W 4.79 ft., thence S 15 W 394.84 ft, to the Nly
right -of -way of the Wisconsin Southern Railroad, thence S
59 32'39" W 1,092.67 ft, along the Nly right -of -way of the
Wisconsin Southern Railroad, thence N 00 E 1,187.50 ft. to
the S line of W. 20th Ave (C.T.H. "K "), thence W along the S line
of W. 20th Ave (C.T.H. "K ") to the W line of the HE 1/4 of the NW
1/4 of said Section 33, thence S along the W line of the HE 1/4 of
the NW 1%4 of said Section 33, 266.53 ft., thence N 89 W
142.82 ft., thence N 00 E 266.71 ft. to the S line of W.
20th Ave (C.T.H. "K"), thence W along the S line of-W. 20th Ave
(C.T.H. "K ") 260.43 ft., thence S 00 W 204.48 ft., thence N
89 W 270.00 ft., thence N 00 E 204.48 ft. to the S
line of W. 20th Ave (C.T.H. "K "), thence W along the S line of W.
20th Ave (C.T.H. "K ") to the point of beginning.
Said parcel contains approximately 626 acres.
BE IT FURTHER RESOLVED that the improvements contemplated in TIF
#7, City of Oshkosh, will significantly enhance the value of
substantially all real property in TIF District No. 7.
BE IT FURTHER RESOLVED that the value of equalized, taxable
property in TIF District No. 7, together with all other
established Tax Incremental Finance Districts, is 3.96 % of the
total value of equalized taxable property within the City of
Oshkosh.
0
FEBRUARY 27, 1996 96 -59 RESOLUTION
(CARRIED- LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE AMENDMENT NO. 1, CITY OF OSHKOSH TID #7 -
SOUTHWEST INDUSTRIAL PARK
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the City of Oshkosh created Tax Incremental Finarcing District #7 -
Southwest Industrial Park, and adopted the Project Plan to Tax Incremental Financing
District #7 - Southwest Industrial Park on July 20, 1989; and
WHEREAS, Section 66.46, Wis. Stats., provides that the City Plan Commission
may at any time, by resolution, adopt an amendment to a tax incremental financing
district project plan, which amendment shall be subject to approval by the local
legislative body; and
WHEREAS, on February 20, 1996, the City of Oshkosh Plan Commission held .
a public hearing on proposed Amendment No. 1 to the Tax Incremental Financing
District #7 - Southwest Industrial Park Project Plan; and
WHEREAS, such public hearing was properly noticed in the City's official
newspaper, and a copy of such notification was properly transmitted to all entities
having the power to levy taxes on property in the District; and
WHEREAS, such public hearing afforded all interested parties an opportunity to '
express their opinions on proposed Amendment No. 1 to Tax Incremental Financing
District #7; and
WHEREAS, after due consideration, the Plan Commission approved Amendment
No. 1 to the Tax Incremental Financing District #7- Southwest Industrial Park Project
Plan, and
WHEREAS, the Plan Commission affirmed the following findings of Tax
Incremental Financing District #7:
1) Not less than 50% of the real property in the District is suitable for
"industrial sites" within the meaning of Section 66.52, Wis. Stats., and
the District is, and will remain, zoned for industrial use; and
0�
FEBRUARY 27, 1996 96 -59 RESOLUTION
CONT`D
2) The improvement of the District is likely to enhance significantly the
value of substantially all other real property in the District; and
3) The equalized value of taxable property in TID . #7 plus all existing
Districts does not exceed 7% of the total equalized value of taxable
property within the City. .
and
WHEREAS, the allocation of positive tax increments for continued industrial
development is consistent with the purpose for which the District was created; and
WHEREAS, the donor district, Tax Incremental Financing District #7 - Southwest
Industrial Park, and the recipient districts, Tax Incremental Financing District #6 -
Northwest Industrial Park and Tax Incremental Financing District #8 - Aviation
Industrial Park, all have the same overlying taxing jurisdictions; and
WHEREAS, the donor district, Tax Incremental Financing District #7 - Southwest
Industrial Park, and the recipient districts, Tax Incremental Financing District #6 -
Northwest Industrial Park and Tax Incremental Financing District #8 - Aviation
Industrial Park, all were created before October 1, 1995.
NOW THEREFORE BE IT RESOLVED by the Common Council of the City of
Oshkosh that Amendment No. 1 to the Tax Incremental Financing District #7 -
Southwest Industrial Park Project Plan is feasible and in conformity with the City of '
Oshkosh master plan.
BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh
that Amendment No. 1 to the Tax Incremental Financing District #7 - Southwest
Industrial Park Project Plan is hereby adopted.
BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh
that this resolution be forwarded to the Tax Incremental Financing District #7 -
Southwest Industrial Park Joint Review Board for their consideration.
10
CITY OF OSHKOSH PLAN COMMISSION
RESOLUTION 98 -02
APPROVE AMENDMENT NO.2
TAX INCREMENTAL FINANCING DISTRICT #7 - SOUTHWEST INDUSTRIAL PARK
August 18, 1998
WHEREAS, the City of Oshkosh created Tax Incremental Financing District #7 - Southwest
Industrial Park, and adopted the Project Plan of Tax Incremental Financing District #7 on
July 20, 1989; and
WHEREAS, 66.46 Wis. Stats., provides that the City Plan Commission may at any time,
by resolution, adopt an amendment to a tax incremental financing district project plan,
which amendment shall be subject to approval by the local legislative body; and
WHEREAS, 66.46(6)(dm)1m. Wis. Stats., provides that the City Plan Commission, by
resolution, may adopt an amendment to a tax incremental financing district to allocate
positive tax increments generated by a tax incremental financing district to another tax
incremental financing district in which soil affected by environmental pollution exists to such
an extent that development has not been able to proceed according to the project plan
because of the environmental pollution; and
WHEREAS, on August 18, 1998, the City of Oshkosh Plan Commission held a public
hearing on proposed Amendment No. 2 to Tax Incremental Financing District #7; and
WHEREAS, such public hearing was properly noticed in the City's official newspaper, and
a copy of such notification was properly transmitted to all entities having the power to levy
taxes on property in the District; and
WHEREAS, such public hearing afforded all interested parties an opportunity to express
their opinions on proposed Amendment No. 2 to Tax Incremental Financing District #7; and
WHEREAS, the Plan Commission affirms the following findings of Tax Increment District
#7:
1) The Findings of TID #7 are still valid, and this amendment is feasible and in
conformity with the City's master plan; and
2) Soil affected by environmental pollution exists to such an extent in TID #13
that development will not be able to occur according to the TID #13 Project
Plan without the allocation of positive tax increments for TID #7; and
NOW THEREFORE BE IT RESOLVED that the Plan Commission of the City of Oshkosh
hereby approves Amendment No. 2 to Tax Incremental Financing District #7 - Southwest
Industrial Park; and
11
BE IT FURTHER RESOLVED that Amendment No. 2 to Tax Incremental Financing #7 -
Southwest Industrial Park is economically feasible and consistent with the City of Oshkosh
master plan; and
BE IT FINALLY RESOLVED, that proposed Amendment No 2. to Tax Incremental "
Financing District #7 - Southwest Industrial Park, and this recommendation by the City of
Oshkosh Plan Commission be submitted for consideration by the City of Oshkosh
Common Council.
J hn Ruppenthal, Chairperson
12
NOVEMBER 23, 1999 99 -443 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE AMENDMENT NO. 3, CITY OF OSHKOSH TID # 7 —
SOUTHWEST INDUSTRIAL PARK
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the City of Oshkosh created Tax Incremental Financing District #7
- Southwest Industrial Park, and adopted the Project Plan for Tax Incremental
Financing District #7 on July 20, 1989; and
WHEREAS, the City of Oshkosh created Tax Incremental Financing District # 6
— Northwest Industrial Park, and adopted the Project Plan for Tax Incremental
Financing District # 6 on November 17, 1988; and
WHEREAS, the City of Oshkosh created Tax Incremental Financing District # 8
— South Aviation Industrial Park, and adopted the Project Plan for Tax Incremental
Financing District # 8 on February 21, 1991; and
WHEREAS, Section 66.46, Wis. Stats., provides that the City Plan Commission
may at any time, by resolution, adopt an amendment to a tax incremental financing
district project plan, which amendment shall be subject to approval by the local
legislative body; and
WHEREAS, Section 66.46(6)(e), Wis. Stats., provides that the City Plan
Commission, by resolution, may adopt an amendment to a tax incremental financing
district to allocate positive tax increments generated by a tax incremental financing
district to another tax incremental financing district if the donor and recipient tax
incremental financing districts have the same overlying taxing districts and were
created prior to October 1, 1995; and
WHEREAS, on November 16, 1999, the City of Oshkosh Plan Commission held
a public hearing on proposed Amendment No. 3 to Tax Incremental Financing District
#7; and
WHEREAS, such public hearing was properly noticed in the City's official
newspaper, and a copy of such notification was properly transmitted to all entities
having the power to levy taxes on property in the District; and
13
NOVEMBER 23, 1999 99 -443 RESOLUTION
CONT'D
WHEREAS, such public hearing afforded all interested parties an opportunity to
express their opinions on proposed Amendment No. 3 to Tax Incremental Financing
District #7; and
WHEREAS, the Plan Commission affirms the following findings of Tax Increment
District #7:
1) The Findings of TID #7 are still valid, and this amendment is feasible and
in conformity with the City's master plan; and
2) Not less than 50% of the real property in the District is suitable for
"industrial sites" within the meaning of Section 66.52, Wis. Stats., and
the District is, and will remain, zoned for industrial use; and
3) The improvement of the District is likely to enhance significantly the value
of substantially all other real property in the District; and
4) The equalized value of taxable property in TID # 7 plus all existing
Districts does not exceed 7% of the total equalized value of taxable
property within the City.
and
WHEREAS, the allocation of positive tax increments for continued industrial
development is consistent with the purpose for which the District was created.
NOW THEREFORE BE IT RESOLVED by the Common Council of the City of
Oshkosh that Amendment No. 3 to Tax Incremental Financing District #7 - Southwest
Industrial Park Project Plan is feasible and in conformity with the City of Oshkosh
master plan.
BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh that
Amendment No. 3 to Tax Incremental Financing District # 7 — Southwest Industrial
Park Project Plan, on file at the City Clerk's Office, is hereby adopted.
BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh that
this resolution be forwarded to the Tax Incremental Financing District # 7 — Southwest
Industrial Park Joint Review Board for their consideration.
STATE OF WISCONSIN )
COUNTY OF WINNEBAGO ) SS
CITY OF OSHKOSH )
I, PAMELA R. UBRIG, Clerk for the City of Oshkosh, Winnebago County, Wisconsin, do hereby certify
that the foregoing resolution is a true and correct copy of the original on file in my office, adopted by the
Common Council of the City of Oshkosh, Wisconsin at a regular meeting held on N VEMBER 23, 1999.
Witness my hand. and the Corporatio a of the of Oshkosh �n.,
DATED: November 30, 1999 S V
City Clefk of the City
Winnebago Count
14
SEPTEMBER 25, 2007 07 -261 07 -275 PENDING
SEPTEMBER 11, 2007 RESOLUTION
(CARRIED 7 -0 LOST LAID OVER WITHDRAWN
PURPOSE: ALLOCATION 1 PROJECT PLAN AMENDMENTS:
AMENDMENT #4 - TIF #7 SOUTHWEST INDUSTRIAL PARK
AMENDMENT #2 - TIF #9 WASHBURN STREET
INITIATED BY: DEPARTMENT OF COMMUNITY DEVELOPMENT
PLAN COMMISSION RECOMMENDATION: Approved
WHEREAS, the City of Oshkosh has created TID #7 Southwest Industrial Park,
TID #9 Washburn Street, and TID #16100 Block Redevelopment Project; and
WHEREAS, Wis. Stats., provide for the ability to amend the project plan of a TID
to permit positive tax increments to be donated to a blighted TID; and
WHEREAS, TID #16 is not performing financially as anticipated; and
WHEREAS, TIDs #7 and #9 have the financial capability to act as donor districts
to TID #16; and
WHEREAS, the Plan Commission has held a public hearing and has notified the
Chief Executive Officers of all local government entities having the power to levy taxes
on property within the District.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that:
1) The original findings for TID #7 (see attached Exhibit A) and TID #9 (see
attached Exhibit B) are still valid. .
2) The proposed amendments are feasible and in conformity with the City's
Comprehensive Plan.
3) There are sufficient revenues in the donor districts of TIDs #7 and #9 to account
for the required debt service in those districts and still be able to transfer excess
revenues to TID #16.
4) The amendments will not result in the City exceeding its value limitation cap of
12% with the City currently at 6.7 %.
BE IT FURTHER RESOLVED that the Common Council approves of said Project
Plan and Allocation Amendments for Tax Increment Districts #7 and #9 pursuant to the
provisions of Wis. Stats.
15