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June 7, 1990 #90-124 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: AVIATION CENTER, FOX VALLEY TECHNICAL COLLEGE
PARTICIPATION IN FINANCING
INITIATED BY: CITY ADMINISTRATION
WHEREAS, an indepth needs study by the Fox Valley Technical
College has determined a need for aviation related training
programs; and
WHEREAS, the development of an aviation program would require
construction of an Aviation Training Center in Oshkosh; and
WHEREAS, the construction of an Aviation Training Center is
proposed to be located on a five acre parcel of land, partially within
the present city limits, and within a proposed aviation industrial
park on Oregon Street, adjacent to Wittman Regional Airport; and
WHEREAS, the Aviation Training Center will serve as the nucleus
for economic development activities in the aviation field, providing
jobs and expanded tax base; and
WHEREAS, the City anticipates the annexation of the balance of
the site and the surroundinc� area, and the subsequent creation of a
tax incremental financing district, encompassing the aviation site;
and
WHEREAS, the anticipated cost of the Aviation Training Center is
$1, 900, 000; and
WHEREAS, it is intended that the following entities will agree to
cost share in the development costs of the Aviation Training Center:
Winnebago County $ 500 000
Fox Valley Technical College $ 500, 000
City of Oshkosh $ 500, 000
State (VTAE) $ 200, 000
Private Sector $ 200, 000
TOTAL 1, 900, 000
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City
of Oshkosh that the City of Oshkosh does hereby state its intention to
commit up to $500, 000 for the development of an Aviation Training
Center contingent upon all entities meeting their financial commitment
as stated above, the area is subsequently annexed, a Trax Incremental
Financing District is subsequently formed, and TIF funding is used for
this commitment.
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