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HomeMy WebLinkAbout35480 / 89-196 JULY 2U , 19g9 #196 RESOLUTION (CARRIED_ __ __ _ LUST__ __ __ LAID C)VER__ _ _ _ _ WITHDRAWN_ _ _ _ _ _ ) PURPOSE : CREATIC)N UF TAX INCREMENTAL FINANCE DISTRICT #7 INITIATED BY: CITY ADMINISTRATIUN PLAN CUMMISSIUN RECC)MMENUATICIN: Approved 8-U 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 C)fficere of the Oshk�sh Area School District, Winnebago County Board, and other entities having power to levy taxes on property Zocated within the proposed TID have been notified including the School Board of any school distri�t which includes Property within the proposed Uistrict pursuant to Section 66 . 46(a) , Wisconsin Statutes . NOW, THEREFC)RE, BE IT RESI')LVED that the Common Council of the City of Ushkosh hereby approves creation of Tax Incremental Financing District No . 7 , City of tlshkosh, described as follows : T� �Z = SOOTHWEST TN�Q�TRTAL. pg$g A parcel of land lying in the E 1/2 of the NE 1/9 oP Section 32-18- � 16 and in Section 33-18-16, 13th Ward, City of Ushkosh, Winnebago County, Wisconsin, described as Pollows: Commencing at the intersection oP t1�e S line oP W. 2C►th Ave (C.T.H. "R") and t}�e E line of said Section� 32, t}�ec�ce W along the S line of W. 20th Ave (C.T.H. "K") to the W line of tl�e E 1/2 of the W 1/2 oP the NE 1/4 of the NE 1/4 of said 6ection 32, thence S parallel to the W line of the NE 1/4 oP the NE 1/4 of said Section 32 to the S line of the NE 1/4 of the NE 1/4 of said Seetion 32, thence W along the S line of the NE 1/4 of the NE 1/4 of eaid Seetion 32 to the SW corner oP the NE 1/4 of tlie NE 1/4 of said Seetion 32, thence S along the W line of the SE 1/4 0£ bhe NE 1/4 of said Section 32� to the S line oY tt�e NE 1/4 of said Section 32, thence E along the S line of tt�e NE 1/4 of said Section 32 to the E line of said Section 32, thence S along tlie W line oY Section 33-18-16 to the S line of said Section 33-18-16, thei�ce E along the S line of Section 33-18-16, 92u.5 ft„ thenrg N 00°29`50" E 387.00 ft. , thenee S 89°18"40" E 105.0 ft„ ttience S 00°29"50" W 387.0 ft. to the S line of Section 33-18-16, thence E along the S line of Section 33-18-16 to the SE corner of +,he SE 1/4 of the SW 1/4 of Section 33-18-16, thence N 00°41'15" B 290.40 ft, along the E line of the S6 1/4 of the SW 1/4 of Section 33-18-16, thence S 89°12'�4" E 150.00 ft. , thence S 00°41'16" W 290.40 ft, to the S line of Section 33-18-16, thence E alang the S line of Section 33- 18-16, 1038:38 ft. , thence N 00°38'23" 6 196.00 ft. , thence S 89°12"04" E 150.(► ft. to tl�e E line of the SW 1/4 of the SE 1/4 oP Section 33-18-16, tl�ence 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 Sectfon 33, thence E along the S line o� said Section 33 to the SE corc�er oP said Sectiot� 33, tl�ence N along t}ie E line of said Section 33, 1516.36 ft. , thence N 89°37"30" W to a point 583 ft. E of the W - 13 - • M �IULY 2U , 1989 #196 RESOLLITIC>N (cont'd) line of the NE 1/4 of the SE 1/4 of said Section 33, thence S 00°03'03" E 3(►5 ft. , thence N 89°37'30" W 583 ft, to the W line of the SE 1/4 of the SS 1/4 af said Sectivn 33, thence N 00°38'23" E 179,38 ft, along the B line of the W 1/2 of the SE 1/4 of Section 33-18-16, thence N 35°44'5(►" W 487.29 Pt. to tl�e 61y right-oP-way line oP S.T.H. "44", tl�ence NEly along tlie Sly line oP S.T.H. "44" to the extended Wly li�ie of property described in Uoc. tt44b8U1 ae recorded in Winnebago Coui�ty Register oY Deeds ofPice, thence Nly along the Wly 11ne of property descriUed in eaid Doc. #445801 to the N line of the NW 1/4 oP the SE 1/9 oP said Section 33, thence E along the S line of the NE 1/4 oY said Section 33 to the Nly line of S.T.H. "44", tlience E alon� t}�e Nly line of S.T.H. "44" to the Wly line of U.S.H. "41", ttience Nly along the Wly line of U.S.H. "41" to the extet�ded Sly line of Ellenwood Cemetery as recorded in Doe. #146792, WinneUago Couiity Regiater of Ueede, " thence E along the extended S Z1ne of said Ellenwood Cemetery to the E line of S. Washburn St, thence N along the E line oP S. Washburn St to the SE corner of S. WashUurn St and W. 20th Ave (C.T.H. "K") , thence W along the S line oP W. 2(�th Ave (C.T.H. "K") to a point 219.(10 ft. W of the E line oP the NW 1/4 oP Section 33-18-16, thence S OU°15'20" W 240.01 ft. , thence N 88°16"41" W 4.79 Pt. , tl�ence S 15°28'19" W 394.89 Pt. to the Nly ri$ht-of-way of the Wiaconein Southern Railroad, thence S b9 32'39" W 1,092.67 ft. along tl�e Nly right-oP-way of the Wisconsin Southern Railr��ad, therice N 00°34'68" B 1,187.60 ft. to the S line of W. 20+.h 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 NE 1/4 of the NW 1/4 of said Seetion 33, thence S along the W line of the NE 1/4 of the NW 1/4 of said Section 33, 266.53 f+.. , thence N 89°ZO"51" W 142.82 ft. , thence N (I(1°33"34" E 266.71 ft. to the S lii�e of W. ' 20th Ave (C.T.H. "K") , thence W alon� the S line oP W. 2(►th Ave (C.T.H. "R") 260.43 ft. , thence S 00 51'56" W 204,48 ft. , thence N 89�20'51" W 270.00 ft. , thence N 00°51'56" B 2�4.48 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 FtTRTHER RESt)LVED that the improvements contemplated in TIF #7 , City of C)shkosh, will significantly enhance the valixe of substantially all real praperty in TIF Uistrict No. 7 . BE IT FtIRTHER RESt)LVED that the value of equalized , taxable property in TIF District No . 7 , together with all other established Tax Ineremental Finance Uistricts , is 3 . 96 % of the total value of equalized taxable property within the City of Oshkosh. SUBMITTED BY .�..._..:�......... `2�L��/,� ' APPROVED - 14 - t y C7 � C.� 0 C7 Z7 � O C �-'• 'S (D .-L7 ---I �--' (n CD (/� :U � �G c+ CL • �--� O ^S c-+ I�'1 Z N t--�• �• � � •• O C� O .. ,. c-F � l0 � z � D � � -oh o � o 00 m m o � --i � � v a .-..-� -� x V `-r �� � n � N � CD � c-+ w �� � T � �' ,':;a a (,� � O � �o