HomeMy WebLinkAbout32727 / 84-11JANU�IRY 19 1984
iCARI2�D
PURPOSE:
INI'PIATID BY:
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RFSOLUPION
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NI�lEREAS, pursuant to State Statutes 66.46, the City of Oshkosh
has created Tax Incremental District Dto. 4, Oshkosh Centre Redevelopment
Area and approvzd a Project Plan for TID #4; and
Wf�RFJAS, the City of Oshkosh Plan Coianission has prepared and
adopteci an amendirent to the Project Plan for Tax Incretaental District No. 4
which amends Table III Project Costs, Methods of Fin��ncing, and Time o£
Cost Incurrance; and
Wf�RE7�S, the Plan C�[mission has held a public hearing and has
notified the Chief �cecutive Of£icers of all local govesnirent entities
having the paaer tr� levy taxes on property within the distsict, including
the school board of any school distsict which includes pmperty within the
district pursuant to 66.46(e) Wisconsin Statutes; and
WHERF'.F�S, the City o£ Oshkosh Plan Ccucanission has sutinitted such
amend�nt to the Conmon Cotmcil o£ the City of Oshkosh.
NOSq, THERFEURE, BE IT RESOLVED by the Coimqn Council of the City
of Oshkosh, that:
1
2
Such amenchi�ent to the Project Plan for Tax Increirental
District No. 4, City of Oshkosh is feasible; and
Such amendn�nt to the Project Plan is in �nfonnity
with the r,�ster plzn of the rity of Oshkosh; and
3. The i�rove�nts described in the annnc�rent are
�nsistent with the goals and objectives of the plan
and are designed to eliunuzate blight and foster
rehabilitation and conservation; and
4. The aimnda�nt prom�tes the orderly development of
the City.
BE IT E'UKI'I�'.R RESOLVID by the Cci;m�n Council of tne City of Oshkosh
tiia* the ams.����nt to t'�e Pmject Plan £or 7'a:� Incren�ntal Distri�-t No. 4
pursuant to the provision of Section 66.46, W' y`-- -_ `e�eb��
approved. SUBMITTED BY
- 14 - I APPROVED
TIME OF
COST
IIQCtJRI?ADICE
1984
1984
1983-
1984
X
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(Aicpndeci Januaiy 1984)
TART,F I22 TID #4
PRQ7E(.Z' COS'15. MEPIi0D5 OF FISgS2IC2IIG ANC'
TI2� OF COST INCURRANCE
7. ConfFSence Center Construction
8. Main/Ceape Intersection Realigrmient
9. Ta�ral/ArhniniS�,�'3�y� FE'2S
• Y•
COS'I'
ES'I'�TE
$ 1,220,000
270,000
10,��0
� �.rrJ�Or���
NCYI�: Inclusion of the above referenced i�mvements i.s reflective
of tlle finanrial stsategy vesti„Q ownesship of the ConfeSence
Center with the City of Oshkosh. �e initia.l plan refiected
the then op�rative strategy of a privatelybwned and operated
Center. �e amoimt of.the bond issue r�nains tmchanged. 7�e
addition of 7- 9 above, adds flexibility relative to the itans
financed via TIE' incx�oent.
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