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Home My WebLink About35124 / 88-369 NOVEMBER 17 1988 #369 RESOLUTION (CARRIED LOST LAID OVER WITHDRAWN ) PURPOSE: APPROVE TAX LNCREMENT DISTRICT lk6 PROJECT PLAN INITIATED BY: CITY ADMINISTAATION PLAN CONAiL55I0N RECOMMENDATION: Approved 7-0 WHEREAS, pursuan[ to Section 66.46, Wis. S[ais , [he City of Oshkosh has crea[ed Tax Increment Disirict No. 6, City of Oshkoshp and WHEREAS� [he CiCy of Oshkosh Plan Commission has prepared and adop[ed a projec[ plan for Tax Increment Dis[ric[ No. 6, City of Oehkosh, which: 1) Includes a sta[emen[ listing [he kind, number and location of a11 proposed pu6lic works or improvemenis wi[hin such dis[rict; 2) Coniains an economic feasibility study; 3) Contains a de[ailed list of estimated project <osis; 4) Co�tains a descrip[ion of the meihods of financing a11 es[i- mated projec[ costs and the time when such cos[s or mone[ary obligations rela[ed [here[o are to be incurred; 5) Includes a map showing existing uses and condi[Lons of real praper[y in such Ms[rict; 6) Includes a map showing proposed improvements and uses therein; 7) Contains a list of estimated non-project costs. 8) Con[ains a s[a[ement of a proposed method for the relocation of any person to be displaced; and Wf1EREAS, [he Plan Commission has held a public hearing and has noti- fied the Chief Execu[ive Officere of a11 local governmen[ entiCies having the power [o levy taxes on proper[y wi[hin [he District, including the School Board of any school dis[rict which lncludes property within the Districi .pursuant m Section 66.46(e) , Wis. Stats. ; and WHEREAS, the City of Oshkosh Plan Commission has submit[ed said Projec[ Plan io the Common Cowcil of the Ci[y of Oshkosh. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the Ciiy of Oshkosh that: _ �g _ NOVEMBER 17 1988 #369 RESOLUTION (con['d) 1) Said Projec[ Plan foz Tax Incremen[ Disirict No. 6, Ci[y of Oshkosh, is feasibLe; and 2) Said Projec[ Plan is in conformiiy with the master plan of the Ciiy of Oshkoeh. BE IT FURTHER RESOLVED that the Common Coancil of the City of Oshkosh approves said Projec[ Plan for Tax Incremen[ Disirict No. 6, Ci[y of Oshkosh, pursuant to the provisions of Sectron 66.46, Wis. S[ats. � � __ ._.......r. � � i � � � _�._1 �� `"��C�� _ �g _ Res. #369 TAX INCREMENT FINANCING PROJECT PLAN � � O.fHK01H ON THE WATER T.I. D. # 6 NORTHWEST INDUSTRIAL PARK � SEPTEMBER 1988 - 19a - Res. #369 T. I . F. PROJECT PLAN TAX INCREMENT DISTRICT �6 PROJECT PLAN CITY OF OSHKOSH SEPTEMBER 1988 - 19b - Res. #369 TABLE OF CONTENTS PAGE SUtR1ARY OF £INDINGS . . . . . . . . . . . . . . . . . . . . 1 INTRODUCI'ION . . . . . . . . . . . . . . . . . . . . . . . 2 BOUNDARIES . . . . . . . . . . . . . . . . . . . . . . . . 3 NAME OF DISTRICT . . . . . . . . . . . . . . . . . . . . . 3 CREATION DATE . . . . . . . . . . . . . . . . . . . . . . . 3 PROPOSED IMPROVEMENTS AND PROSECT COSTS . . . . . . . . . . 3 NON-PRO]ECT COSTS . . . . . . . . . . . . . . . . . . . . . 3 RELOCATION . . . . . . . . . . . . . . . . . . . . . . . . 3 MASTER PLAN, ZONING, BUILDING AND OTHER CODE REQUIREMENTS . 4 ECONOMIC FEASIBILITY . . . . . . . . . . . . . . . . . . . 4 FINANCING . . . . . . . . . . . . . . . . . . . . . . . . . 5 ORDERLY DEVELOPMENT . . . . . . . . . . . . . . . . . . . . 5 INDl15TRIAL DEVELOPMENT PROGRAM . . . . . . . . . . . . . . 6 FINDINGS . . . . . . . . . . . . . . . . . . . . . . . . . 6 FIGURE 1 TID lF6 BOUNDARIES . . . . . . . . . . . . . . . 7 TABLE I TLD 7t6 PROSECTED IMPROVEhtENT SCHEDOLE . . . . . 8 TAELE II TIF Ik6 PROSECTED INCREMENT . . . . . . . . . . . 9 TABLE III TID Ik6 PROSECTED EXPENDITURES . . . . . . . . . 10 FIGURE 2 TID 1l6 EXISTING USES AND IMPROVEMENTS . . . . . ll FIGIIAE 3 TID /t6 PAOPOSED USES AND IMPROVEMENTS . . . . . 12 ATTORNEY'S OPINION . . . . . . . . . . . . . . . . . . . . 13 - 19c - Res. #369 SUMMARY FINDINGS CITY OF OSHR06H TAX INCREMENT DISTRICT #6 PROJECT PLAN DISTRICT NAME: City of Oshkosh Tax Increment District $6 - Northwest Industrial Park LOCATION: Northwest side of Oshkosh, adjacent to Hwy. 110 and Winnebago County Landfill SIZE: Approximately 71.9 acres. PURPOSE: To allow for development of Northwest Industrial Park, and to promote private industrial development in the immediate area. PROPOSED COSTS: 5 yeaT (1988-1992) $1,259, 000 million infrastructure, streets, signage, property acquisition, leading to development of a fully-serviced industrial park. PROJECT FINANCING: $1.5 million borrowing program, utill2ing General Obligation notes. Projected total interest costs of $1,617,490. PROJECT REVENUES: The District is projected to create $8,216, 000 million in new tax base through its maximum life period (1989-2008) . It will generate $5, 601,514 million in tax increments during that same period. ECONOMIC FEASIHILITY: Based on planned expenditures and revenue levels, all costs of the TIF will be paid off by the end of 2008, the 20th year, and the District will be dissolved. Heginning with 2009, all taxes generated as a result of development in TIF #6 will be apportioned among and directly benefit all taxing entites. - 1 - - 79d - Res. #369 TA]C INCREMENT DISTRICT #6 PROJECT PLAN CITY OF OS8ROS8 INTRODUCTION Tha creation of Tax Increment District #6 is proposed for the purpose of creating a naw industrial park in order to stimulate private industrial development in the immediate area. The proposed Industrial Park would be located on the northwest side of Oshkosh, near the interchange of Highway 110 and U.S. Highway 41. The park would be south of the Winnebago County Landfill, which is scheduled £or closure in 1988. The Tax Incremental Financing (TIF) Law was enacted by the Wisconsin State Leqislature is 1975 under Section 66.46 oP the Wisconsin Statutes. The Law provides a mechanism which enables cities and villages to rehabilitate blighted areas, improve business areas, and/or develop industrial sites. The intent is to defray the cost of public improvements in a Tax Increment District by using tax revenues or increments generated from new development. Under Tax Incremental Financing, the tax increment generated from private investment in a tax increment district is applied entirely to the retirement of debt incurred by the municipality in order to make the area attractive to investment or reinvestment. When the costs of public improvements have been recovered, the District is dissolved and all taxing jurisdictions then benefit on the same shared basis as before the creation of the District. The tax increment law provides benefits to all taxing entities by promoting the development of new taxable value which otherwise would not occur. It provides a tool to municipalities to make feasible the required levels of investment to meet identified needs and to fill legitimate public purpose roles. The Law also recognizes that since municipalities do not share the investment risk with the other tax entities, they are entitled, within a prescribed tima period, to receive all new tax revenues of the TIF District as the source for paying off all public investment costs. All other taxinq entities receive benefits in tha Puture from the increased tax basa generated as a result of the City's investment in the TIF District. A community's growth and long term well being depends on a strong business and industrial sector. Development that occurs within a municipal industrial park promotes tax base growth, job creation, and capital investment, the benefits of which are felt throughout the area served by all taxing entities. SuccessEUl industrial development also spurs additional business activity, residential development, and job creation and tax base growth elsewhere in the community. - Z - - 19e - Res. #369 HOONDARIES The boundaries oP Tax Increment District q6 are illustrated in Figura 1. Total area within the District is estimated at 71.9 acres. NAME OF THE DI6TRICT The name of the Tax Increment District shall be City oP Oshkosh Tax Increment District #6 (TID #6) . CREATION DATS Tha date of creation for the capture of all naw taxable value created within TID #6 shall be January 1, 1989. This shall be used as the base in computing any increments that may accrue in the tax base Por the District. PROPOSED IMPROVEMENTS AND PR0.TECT COSTS Table I provides a datailed annual listing oY proposed improvements and project costs related to the development of TID #6. Primary project costs are for land acquisition and infrastructure davelopment (sanitary sewar, storm sewer, water mains, street construction, powar, straet lightingj . Additional costs include signage and landscaping costs. Included in Table I are project costs related to the construction oP improvements outside the District, which are necessitated by, and create benefits to property within TID #6. These costs, which are allowable under Section 66.46 (2) (f) 1.K. , Wis. Stats. , include extension oE sewer and water to the site. NON-PRQTECT C06TS It is projected that thera will be no non-project costs related to the development of TID #6. RELOCATION All land within TID #6 is vacant and unoccupied. Therefore, no displacement will occur, and no relocation activities will be required. - 3 - - 19f - RES. #369 MASTER PLAN, ZONING, HUILDING AND OTHER CODE CON6ZDERATIONS The City of Oshkosh Comprehensive Plan has designated the general area of the proposed Park for industrial use. The Park will have M-3 Heavy Industrial District zoning. No changes to tha zoning, building or other codes are e�cpected as a result of creation of TID q6. ECONOMZC FEASIHILITY It is projected that total revenues generated from property tax increments and land sales, will offset total project costs within the maximum allowed 20-year life of TID #6. Consequently, the proposed Tax Increment District is economically feasible. Projactad tax base growth is illustrated in Table II and a financinq plan and feasibility analysis is illustrated in Table III. The total projected costs for public improvements, utilities, streets, property acguisition, signage and landscaping over the 5- year expenditure petiod (1989-1993) is $1,259, 000. The District is projected to create $8, 216,00o in new tax base through its maximum life period (1989-2008) . It will generate $6,449, 265 in tax increments during that same period. Based on planned expenditures and revenue levels, all costs of TID $6 will be paid off by the end of 2008, the 20th year, and at that time, the District will be dissolved. For the purpose of this project plan, the following development and financing assumptions have been applied: � - Of the 71.9 acre park, 8.72 acres will be devoted to roadways. - Ten (10) acres will be sold in 1989 and the balance (53 .18 acres) will be sold evenly over the next 10 years thereafter. - The value of the increment created is $130, 000 per acre. This figure was arrived at by identifying the average TID increment in the City's North, South, and Southwest Industrial Parks. - The gross tax rate will grow by 5& each year. Property tax rates have grown by much larger percentages in previous years, and thus, the identified rate increase should be deemed conservative. - 4 - - 19g - . Res. #369 � - Projected tax increments will first be collected in 1991. Projected tax rates are applied to cumulated taxable values added to the District. All increments received until the District is dissolvad, will ba used to repay financing costs. Increments received £ollowing dissolution of tha District will go directly to individual taxing entities based on their respective tax rates at that time. - General obligation notes represent annual capital borrowing needs. - The base value of land within TID #6 boundaries will be an estimated $107, 000. FINANCING The initiai project costs borne in 1989 will be financed with (1) General 0611gation Notes, and (2) land sales. In future years, the City plans to continue using general obligation notes to finance project costs. Repayment of notes and bonds and temporary advances from the City's general fund will be made from revenues generated by the new tax value created in the District. ORDERLY DEVELOPMENT Creation of a tax incremental district £or industrial park purposes promotes orderly development by ensuring the supply of wall planned, properly located and controlled sites for the e�cpansion of the local business and industrial base of the community. Given the Eactors that make improvement of land for industrial purposes so difficult, were it not for the TIF financing mechanism, and the support of the City of Oshkosh to undertake a municipal industrial park program, such davelopment would not occur within the City. The missed opportunity would not only apply to new industry, but to the existing industrial base as it seeks locations for expansion. A lack of industrial land in the City, at sites where industry would wish to locate, would creata a trend of £uture tax base loss and job reduction, and create negative multiplier effects within the residential and commercial tax bases and markets, as opportunities in these areas would shift to communities with industrial growth potential. - 5 - - 19h - Res. #369 The creation of the Northwast Industrial Park will continue a trend oP industrial progress in the community and provide stability and opportunity for growth in the tax base, the job market, and capital investment areas. INDOSTRIAL DEVEIAPMENT PROGRAM The City of Oshkosh, working in a cooperative efPort with CHAMCO (a non-profit industrial development corporation) , is involved in a continuing industrial development program aimed at encouraging tax base growth, job creation, and capital investment in the community. Municipal industrial parks have been a major Pocus of this ongoing program, along with other efforts to improve the overall economic health of the community. The City�s industrial parks have provided a supply of industrial sites, within a managed, controlled business park environment. The use of tax incremental Einancing has enabled the City to meet a critical need for industrial land by providing the resources to develop the industrial park, and offar land for sale at a price that remains competitive in both the area and regional economics. FINDINGS Since the entire area is intended for industrial development, and all property zoned for industrial use, TID #6 complies with the requirement that not less than 50&, by area, of the real property within the district be suitable for industrial sites within the meaning of Section 66.52, Wis. Stats. , and be zoned Por industrial use. The primary objactives for creating TID #6 are the provision of land for induatrial use, and the installation of required public improvements necessary to serve the industrial development that can then be expected to occur. Tha project costs identified are consistent with the purposes for whioh the tax increment district is created. Based on January 1, 1988 equalized values and projected January 1, 1989 equalized values, the base value of TID #6, when combined with the values of other tax increment districts in the City, do not exceed 5$ of the total value of all equalized taxable property within the City of Oshkosh. The tax increment districts have a combined 1988 equalized value of $43,364,600, or 3.53$ of the $1, 228, 318,100. 00 total equalized value of the City. All property within TZD $6 will be zoned for industrial use and intended for industrial development, and therefore, will remain zoned industrial £or the life of the district. - 6 - - 79i - . Res. #369 �� I � �" FIGURE 1 - BOUNDARIES T. I. D. # 6 _ Norihwest Indusirial Park � DIS RICT BOUNDARIES �\ � ;..>;:�>:�:::::�::::�::::... :;:;:;;':�i�:�:�i::�:G:':�;:i:�i: . _—� ' �::::::::�:::::::�::::::::::::�:::�::::: . _ . . —. _ ._.. _'_ __ - - I Scale � I" = 1000 � .,,:. ._.. .;r.:�::::::::::::::::... \ . .:.�:�:��::::::::�:..... ......::................ . '_—' . _ . . __ / —_ _ _ ___ ' I ` � � � � �� L _�\ l ♦ vIEM CEYRfA♦ ��. � � - �� - - ---� . � � � �_ _ , vnckEn� mF .. . - - � ` \� MIf e5T —°�HU 9iOG' C��vnO♦ 4V� � nvC � CEM � 1, C ,\ MGflOVE U o � !\ L \ � GVE I \\ ` ~ uOnGe n�i. e�GOMp I' T E w \ , �� ¢ � ,aa.� , APFiIf � vfPVOE WIN f51 �p�qK �Ci � u ❑ ❑ ❑ IE0•5 W SNI � , � � ;D J E S i .��,o. p � Gs1 o�o�E I /' i CFVFiEBV — � ❑ ❑ O — p� q �vE . ' I u00f [L AvE _ . I � ... . . ._... _ .. . ._ - �I I � � /�/ ) R T 5 ; I _ p U �� b� � o�E ' �-- II � , I � ' � � uei � a av[ � � I_. j� �� \ � �r �/ I �� I o�J. / � �� I' . ._. __ __ __ L / � _� � � _ — � ; ��"=��:°E=��`� I�o �1fJL- � � x P�V _ : , -� �,n,�,� _ �;9;, _��\p �«aA��l�"�� I �1 n � Res. #369 TABLE I PR0.7ECTED IMPROVEMENT SCREDULE TID dkb NORTHWEST INDUSTRIAL PARK PROJECT�COST ANNUAL COST 1989 Indsu[rial Park Acquisi[ion $ 272,000 $ UCili[y Installa[ion - Sani[ary, s[orm and wa[er ex[ension Erom limi[s to Cormnerce Dr. (1,000 ft.) east of Algoma Blvd. $ 450,000 - Site prepara[Lon/signage $ 37�000 $ 759,000 1990 O[ili[y Installation - Sani[ary, storm, wa[er and new gravel s[ree[s (1. Fernau Ave. � Snell Rd. east 2,250 f[.) (2. Commerce Dr. , eas[ of Algoma Blvd. 2,350 f[.) $ 200,000 $ 200,000 1993 Concre[e paving of Commerce Dr. , Algoma Hlvd. east � 2,350 ft. S 154,000 Conctete paving of Fernau Ave. , Snell Rd. east 2,250 ft. $ 146,000 $ 300,000 $1,259,000 ' g ' - 19k - RES. #369 iABLE 11 PROJECTEO �NC0.EMENT ilo #6 NORiXVEST INOUSiR1AL PARK A65WQ(IOOS� 1. Saleable laM eree is 11.9 ecres mirus 8.R acres for roadvays. 2. Ten etrea ere sold immedia(ety aed tXe balar¢e ia saltl evenly over [he next ten years. 3. iM1e value of the tncremenc created ia 5130,000/acre. 4. iM1e gross [ax rote gra�s by 5X eech year. NCREpGE TIO ACCUMULAiE� iA% GRO55 INCREMENT LRND INCREMENT i10 COLLECiION iA% �VpILqBLE YEAR SRLES CREATEO INCREMENi YEAR RpiE LAX YEM ....'....................'.._..............._...................._.......... 1989 10.00 81,300,000 E1,300,000 1990 5.32 5691,600 51,991,600 1991 5.32 5691,600 E2,683,200 1991 29.99 579,981 1992 532 5691,600 E3,3]4,800 1992 31.49 562,�16 1993 532 5697,600 54,066,400 1993 33.06 598,�1] 1994 532 E691,600 SL,]SB,000 1994 34.T2 Sttl,16G 1995 532 5691,600 55,449,600 1995 36.45 5149,233 1996 5.32 5691,600 56,141,200 1996 38.28 2182,116 . 1997 532 5691,600 E6,832,800 199] 40.19 5219,01] 1998 532 5691,600 N,524,400 1998 42.20 5259,152 1999 532 5691,600 58,216,000 1999 4431 E302,754 2000 SO 58,216,000 2000 46.52 5350,068 2001 EO 58,216,000 2001 48.85 SG01,356 2002 SO E8,216,000 2002 51.29 5421,L24 2003 f0 58,216,000 2003 53.86 f442,495 2004 EO f8,216,000 2004 56.55 5464,620 2005 SO 58,216,000 2005 59.38 54B],B51 2006 t0 E8,216,000 2006 62.35 E512,243 2007 SO E8,216,000 200] 65.G6 553T,856 2008 SO E8,276,000 2008 68.�4 5564,748 iOiAL 55,601,514 - 9 - - 19L - Res. #369 TNBIE 111 GROJECiED E%PENDIT�RES TIU #6 NORTNYEST INOUSiR1AL FA0.K Assinptions: PNqSE I 1. Land Cost ie 5359,000 end 10 ac roltl immcdiately uith ne[ incame to city of 581,500; therefore borMingefor Wrchese ia 52T1,000 in 1989. 2. Experditure for seuer e�d ueter is 5458,000 mirue E8,000 in assessments therefare bontling is far SL50,000. 3. Experditure for sife prep aM siynage is 53�,000. 4. That 5241,000 is borMed for in capifalized interest. VHASE 11 1. Ghase 11 u[itity costa en E200,000 in 1990 arW the borMS ere amorfixeE far 18 years �t 7X ineereee. PXASE III 1. GAase Ilt stree[ paving in 1993 et e cost of 5300,000 aM [he boMS are emortizetl for 15 years at �X interesL � TID PNASE I �XASE II PXRSE 111 iOiPL TIO NNO YEAR GAYMENT GAYNENT OpTMENi GAYMENT INCONE D[FiERENCE BALANCE .........................'._'..................'._.._____._'.........____............... 1989 S15,000 EO EO E]5,000 50 (S]5,000) 5166,0]0 1990 574,930 EO SO 5�4,930 t0 (f74,930) 591,140 1991 5�4,58U 515,000 t0 589,580 538,98� ' (550,593) 540,541 1992 514,230 514,930 EO 589,160 562,714 (526,<46) 514,101 1993 ST3,BS0 574,860 524,000 5112,740 588,717 (524,023) (59,921) 1994 S13,530 514,790 SZ3,�90 5112,170 f117,ib4 55,054 (54,868) 1995 S]8,190 514,T24 523,580 f116,480 5148,233 531,�53 f26,885 1996 ST],480 578,650 523,310 2119,500 5182,116 562,616 SB9,501 1997 S]6,180 218,300 523,160 5118,240 5219,011 St00,l1] f190,271 1999 576,080 21],950 525,950 5119,980 5259,152 f139,1R 2329,449 1999 S]5,380 522,600 t25,530 5123,510 l302,]5< i1]9,24L 2508,693 2000 58.,680 521,900 525,110 SiJ1,690 E350,068 E218,3)8 ER�,0�1 2001 583,280 E21,200 524,690 5129,1]0 5401,356 S2R,196 5999,25� 2002 5141,880 520,500 538,270 s200,650 5421,424 5220,]]4 51,220,031 20U3 E136,284 f24,800 f36,8]0 5197,950 5442,495 E244,545 Y1,464,S1b 2004 5130,680 133,�50 535,4]0 5199,900 5464,620 52fi4,720 t1,R9,296 2005 5205,080 532,000 56G,0�0 SS01,150 5487,851 5186,701 51,915,99� 2006 Y193,880 530,250 560,570 528L,700 5512,243 5227,543 52,143,540 2007 E182,680 528,500 f5],070 5268,250 5537,856 E269,606 E2,413,146 2008 5171,480 526,750 E54,570 E252,800 8564,748 E311,948 E2,125,094 E3,111,490 55,601,514 - jQ - - 19m - Res. #369 I � FIGURE 2 - EXISTING USES & IMPROVEMENTS � T. I. D. # 6 / NorihwesT Industrial Park \ DIS RICT BOUNDARIES \ / � VU VACANT UNIMPROVED . ., . , . . .. . > . : . -- � . : ., �: ., ; .: > :� : . _LAND. � �::. . � .: - --. _. _.. —__ __ -- -- : � ��:: ' ' : .; .�f:�,.' ': Scale 1�� = 1000 � \ ............ _ .__ ___ -� ._ . ._.\\\ —_ _ .. . i � / � � I /I . �\ ` �.\ L �K JIEM CCYlt[ P♦ // \\C` \ I I _ / � ` ., VnCkEN �vf -. . � . ( \�— j ��iN �Ilf µlf'1GST __ \ Cniv� J � pvC CEM^ �VE. �� _� Q K E MnnouE i� . I '� � L , \ 4�E s: . \ MOnGn �E f T E F � �„ e«aMa I �. ivfRG10E WM FS1 .R .r�PM p L�CT� � NOPiX J �E�'S W 5 J iE S �/ / ` 150N O O a ~ a vIGCE �� I <ru[rFar �� ❑ ❑ r� / � � �VE � �' I pat [li Ilvf . ) � Pl ' � �� C1 �� l� f� o�E ��U =- , � r s __ , � ' ! � �� 1� 0 (� (7 [� � �� = =� � r - � [ �lC� � � � , � � f� � , - -� _ �T\ �� . �-----� " �-� �' - 11 � ((- -� --1 '� � c��=� i� � � AH�ll I5l F.� l I C n lr I L°—' - ..\�� 911 \�/\r �cien'1�'l�c �. i�wY� � '� �I I I �II - Res. #369 °'` i I I FIGURE 3 - PROPOSED USES & IMPROVEMENTS T.I.D. # 6 / Northwest Industiial Park _ _ ___ Utllity Cbnstruction Disfrici Limits � �� Propcsed Watar Moin � \\ I �� _ �_ _ Proposed Sanitary _. ' -_---- .. . —sewer -- — �` --- - _. `� j � Proposed Sfreefs � � W/Storm Sewer \ � - — I Future Industrtal/ ��` I• Manufact ing Operatibn �� -- --- - ---_ . -- --`�` / ' _ � ( � `, �� Scale L . \1 u. �ic. ccu�nn. �� = 1000 � /I \ \ ' — � ��.1 � � =�, � - I ; ., ` VnCMF= �vF �� y � � i �pNN ��OL� �\ MIE'145♦ � Cn�vnn. n E O� nvE CEM A K E M4ROUE u � .` I 1 � nVE ( �I � � �� Iua��e =� I' T E ti � a«oM> (�I` i� : vlPilllf \,\ ol WIM F51 P ~ ¢ LPAPKiII HOfllN ..vnPN �JR. \ ❑ ❑ ❑ L�0'S W SNI �E S �� W �so. O O � � P�o�E ,� . /� I CFYFiEH♦ � ❑ ❑ r� Pl �VE i • ° � � � OOf CL R T ,J ' _ . __ � ' � ��' _ ` ,—, , � �� „ _ ^ �i I i � '., � � ue�� l^� � � I �f : / , _� , _ C�� 1 d � ` � � � onoock � �Ho �@� � �__ � <% °:n�i�: . � — 12 ' nivEn WHO�usrew � r, _,� �A-,p.��. _ ,90 _ ��9 �«a�� 9�� i �� n � , . . . - Res. #369 �� "�� ;�� : City of Oshkosh :I.;..^:��5115 � O� nrvrHFwnlEP September 26 , 1988 Mr . John Hluemke Principle Planner City Hall Oshkosh , WI 54901 Dear Mr . Bluemke: I have reviewed the Project Plan for TID #6 , the t7orthwestern Zndustrial Park , pursuant to Section 66.46 ( 4) ( f) of the Wisconsin Statutes . I find that the Plan includes a statement listing the kind , ❑umber and location of the proposed public improvements. It also shoNS a❑ economic feasibSlity study , a detalled list of estimated project costs , and a description of the method oF financ- ing all estimated pro,�ect costs and the time when the costs are to be incurred . The Plan also has a map showing existing uses and conditions of the real property Sn the district and a map showing proposed improvements in the district and which also indicates the zoning of the District . The plan further shoNS how the district _ will promote the ordinary development of the City. Upon adoption by the Planning Commission of the Project Plan and their submission of said plan to the City Council , all requlrements of Sectio❑ 66.A6 ( 4) ( f) , Wis . Stats . , shall be complete and it i9 � therefore , my opinion that the Pro,]ect Plan attachetl hereto is Complete and Complies with 5aitl Sec . 66 .46( 4) ( f) , Wis . Stats . Yours truly � C T OF SHKOSH . ence ' ty Attorney jap : lz - 13 - _ �gP _ � t � � , � � � ro o , � � �, -, < o � � � � o � n o � m z Q w o .. m �+ m � v -i �o .- a Z D A � m X O K O � � m m o � N l/� y �O !i � � �J � � � � N � O � � n � � s � rn �