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HomeMy WebLinkAbout5-17-17 Full RDA AgendaREDEVELOPMENT AUTHORITYof the City of Oshkoshc/o Community Development Department215 Church Ave., PO Box 1130Oshkosh, WI 54902-1130 (920) 236-5055(920) 236-5053 FAXhttp://www.ci.oshkosh.wi.us H. ALLEN DAVIS Executive Director STEVE CUMMINGS Chairman REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH Oshkosh City Hall, Room 404 4:00 pm May 17, 2017 1)ROLL CALL 2)CONSENT:Approve Minutes:February 23, 2017 3)NEW BUSINESS 17-06 Grant Utility Easement to S&S Auto Body; 6th Avenue & Nebraska Street 17-07 Approve Land Disposition of Vacant Lot; Formerly 1909 Jefferson Street to West 17th Street Properties LLC ($4,700) 4)EXECUTIVE DIRECTOR’S REPORT Buckstaff Property Healthy Neighborhoods Initiative South Shore Redevelopment Area Marion & Pearl Redevelopment Area 5)ADJOURNMENT RDA Minutes February 23, 2017 Page 1 REDEVELOPMENT AUTHORITY MINUTES February 23, 2017 PRESENT:Thomas Belter,Steve Cummings,Steve Hintz,Jason Lasky,Archie Stam EXCUSED:Doug Person STAFF:Allen Davis, Executive Director/Community Development Director;Darlene Brandt, Grants Coordinator;Andrea Flanigan, Recording Secretary Chairman Cummings called the meeting to order at 4:00 pm. Roll call was taken and a quorum declared present. The minutes of February 14, 2017 were approved as distributed (Belter/ Lasky). Res.17-05 Approve Developer Agreement with Fox Valley Pro Basketball, Inc.; Approve Land Disposition –Proposed Multi-Purpose Arena at 1212 South Main Street Motion by Hintz to move Res.17-05 Seconded by Belter Mr. Davis stated the development agreement is the next step in the development of the arena. The development agreement is unique in that the developer is fronting all of the costs for the project, both public and private improvements. The developer will pay the City for the improvements that will take place this summer. The TIF plan proposes to reimburse the developer for the public improvement costs and the extraordinary development costs on the site since it is in need of remediation. The developer’s responsibility will be to construct an arena with a minimum value of $18 million dollars for the first seven years. The City will then pay back the developer for the improvements through a Pay-go TIF. Mr. Hintz inquired if the City grant portion is 100% of the tax increment. Mr. Davis stated a portion of that money goes towards administration of the grant and some will do towards the SBA liens. Mr. Hintz stated essentially the City is waving taxes on the property for the life of the TIF. Mr. Davis stated it will be about 18 years assuming all of the costs are spent on the public facility and the site development. The City is hoping to reduce those project costs on the public facility side. Mr. Stam inquired what happens after seven years. Are the terms re-negotiated at that point? RDA Minutes February 23, 2017 Page 2 Mr. Davis stated the value will be determined by the City Assessor. For planning purposes and the developer’s own pro forma, he wanted to have a solid projection for the first seven years. Mr. Belter inquired what happens to the TIF value of the arena after 7 years falls below the $18 million value. Mr. Davis stated they have run different scenarios and the TIF can be paid off if the arena’s value is $10 million with 6 years left in the TIF. Mr. Belter inquired what due diligence has been done on the financial contribution of the developer. Mr. Davis stated the developer must provide proof of funds for the public facility but the City is not requiring the developer to provide information on how the private side of the development is being funded. Mr. Stam inquired if there are issues with the ownership of the land. Mr. Davis responded the City will need clear title on the property before it can be leased to the developer. Once the City obtains a Certificate of Completion from Wisconsin DNR the land can be sold to the developer. Mr. Belter inquired why the legal description of the property is for Lots 1 and 2 in the development agreement and will the City have control of Lot 1 once the development agreement is signed. Mr. Davis stated the City would not take control of Lot 1 until the buildings are down. The lease is structured so that the lease is only for Lot 2 until the City has ownership of Lot 1. Mr. Belter stated the legal description for Lot 1 and 2 is in the development agreement so it would trigger both pieces of land when the development agreement is dated. Mr. Davis stated he would discuss the legal descriptions in the development agreement with the City Attorney. Mr. Lasky inquired if once the developer has ownership, will the issues of the lots be cleared up. Mr. Davis responded once the City has possession of both lots, the lots will be combined into one lot and sold for $1. The City is retaining some right of way along Main Street for a wider sidewalk. Mr. Belter inquired how long the Buck’s have a lease. Mr. Davis stated the lease is for six to seven years with an option to extend the lease. Mr. Belter stated the site looked flat and graded and ready to be built. The item was called. Motion carried 5-0. RDA Minutes February 23, 2017 Page 3 There was no further discussion.The meeting adjourned at approximately 1:15 PM. (Stam/Lasky) Respectfully submitted, Allen Davis Executive Director REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN MAY 17, 2017 17-06 RESOLUTION (CARRIED________LOST________LAID OVER________WITHDRAWN________) PURPOSE:GRANT UTILITY EASEMENT TO S&S AUTO BODY; 6TH AVENUE & NEBRASKA STREET BE IT RESOLVED by the Redevelopment Authority of the City of Oshkosh that theproper Redevelopment Authority officials are hereby authorized and directed to grant a utility easement to S&S Auto Body, per the attached, and the proper Redevelopment Authority officials are hereby authorized and directed to execute any and all documents necessary for purposes of same. TO:City of Oshkosh Redevelopment Authority FROM:Allen Davis, Community Development Director DATE:May 11, 2017 SUBJECT:17-06 Grant Utility Easement to S&S Auto Body; 6th Avenue & Nebraska Street BACKGROUND The RDA owns the lot on the southwest corner of 6th Ave.and Nebraska.The City sanitary sewer serving S&S Auto Body is currently located under the middle of the RDA lot which limits the redevelopment potential of the lot. The City Department of Public Works replaced the sanitary sewer, and in order to maximize the development potential for the RDA lot, staff is suggesting a new easement be created along the south lot line of the RDA lot.Staff approved the relocation of the sanitary sewer along the south side of the lot during the sewer construction. ANALYSIS The RDA lot is currently under option with the Granary project developers. The developers are aware of the proposal and support the relocation of the sanitary sewer easement along the south lot line. There will be no cost to the RDA for the sanitary sewer project and easement. The lot will also be made more developable with the relocation of the sanitary sewer lateral within the new easement. RECOMMENDATION The RDA grants the Utility Easement to S&S Auto Body. 107125 106 121 107 701113 103 110 44 44 51 50 50126106 122 110 609 117 608 45111 613 617 RDA OWNED 20 Ft Sewer Easement W 7TH AVW 7TH AV W 6TH AVW 6TH AV NEBRASKA ST NEBRASKA ST J:\GIS\GIS_Base_Maps\Planning Base Map.mxd User: andreaf 6 t h & N e b r a s k a6th & N e b r a s k a The City of Oshkosh creates and maintains GIS maps and data for its own use.They may show the approximate relative location of property, boundaries and otherfeature from a variety of sources. These map(s)/datasets are provided forinformation purposes only and may not be sufficient or appropriate for legal,engineering, or surveying purposes. They are provided “AS-IS” without warranties Prepared by: City of Oshkosh, WI Printing Date: 5/10/2017 1 in = 50 ft1 in = 0.01 mi¯ REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN MAY 17, 2017 17-07 RESOLUTION (CARRIED_______LOST_______LAID OVER_______WITHDRAWN_______) PURPOSE:APPROVE LAND DISPOSITION OF VACANT LOT; FORMERLY 1909 JEFFERSON STREET TO WEST 17TH STREET PROPERTIES, LLC ($4,700) BE IT RESOLVED by the Redevelopment Authority of the City of Oshkosh that the vacant lot formerly known as 1909 Jefferson Street is hereby declared surplus and the proper officials are hereby authorized and directed to execute any and all documents necessary to sell said property to West 17th Street Properties, LLC for $4,700.00. TO:City of Oshkosh Redevelopment Authority FROM:Allen Davis, Community Development Director DATE:May 11, 2017 SUBJECT:17-07 Approve Land Disposition of Vacant Lot; Formerly 1909 Jefferson Street to West 17th Street Properties LLC ($4,700) BACKGROUND The RDA acquired a blighted, unoccupied house on a 47’ x 59’lot on Jefferson four years ago from Winnebago County for back taxes. The City then removed the asbestos and demolished the structure. The City has maintained the property with grass cutting and shoveling for four years.The property owner to the south approached the City about selling the lot for the Jockey Club. ANALYSIS The Jockey Club owner is asking to acquire the lot for $4,700. The 2,773 square foot lot is small and located beside a bar on 2 sides and a residential property to the north. It is highly unlikely another house would be built on the lot. The purchase price would be $1.70 per square foot. The proposed $1.70/sq.ft. is less than the more typical residential lot. The lot is zoned Neighborhood Mixed Use which would allow The Jockey Club to use the land as part of their operation. Buffering and/or fencing would be required for any commercial use or expansion into the lot. RECOMMENDATION The RDA approves the Land Disposition at 1909 Jefferson Street to 17th Street Properties LLC for $4,700. 16 1912 1909 1853 1850 1856 100 1081024 1913 1919 1904 1918 1924 1928 1929 1925 JEFFERSON ST JEFFERSON ST E GRUENWALD AVE GRUENWALD AV J:\GIS\GIS_Base_Maps\Planning Base Map.mxd User: andreaf 1 9 0 9 J e f f e r s o n1909 J e f f e r s o n The City of Oshkosh creates and maintains GIS maps and data for its own use.They may show the approximate relative location of property, boundaries and otherfeature from a variety of sources. These map(s)/datasets are provided forinformation purposes only and may not be sufficient or appropriate for legal,engineering, or surveying purposes. They are provided “AS-IS” without warranties Prepared by: City of Oshkosh, WI Printing Date: 5/10/2017 1 in = 50 ft1 in = 0.01 mi¯ EXECUTIVE DIRECTOR’S REPORT Update on Buckstaff property:City crews removed foundations and concrete piers from the property earlier this winter.Fox Valley Pro Basketball is now leasing the property through construction. The City and RDA will transfer the property once the arena and parking lot are completed and WisDNR has approved the remediation cap. The contractor has been working on installing geo-piers, footings and foundations and site preparation for the utilities. The contractor is planning to start erecting steel in May. Update on Healthy Neighborhood Initiative: 1017 Bowen Street house –The project has been renovated and the project is on budget. The project is budgeted to be about $100,000, with asking price of $122,500.Multiple interested parties have toured the property. Staff hopes to sell the house without using a real estate agent this spring. Update in South Shore Redevelopment Area: Morgan District –Riverwalk construction has stopped momentarily. The City obtained a $686,000 grant for the next phase of the riverwalk, west towards Boatworks. The new grant will install the trail, and all riverwalk improvements on top of the sheet pile, and continue with the trail west to the “lagoon”.WisDNR has also reported that they will be able to increase the grant award to almost $800,000 so that more riverwalk will be installed in 2017.The timeline for WisDNR contracting and bidding will result in construction starting in the summer of 2017.City staff also submitted another riverwalk grant application to WisDNR for the section from the Boatworks to the “lagoon”. We hope to hear on this grant award in late 2017 for construction to start in 2018. The City Council recently selected Option F,new lift-bridge,as the City’s preferred option.WisDOT will be making the final bridge selection later this year.No plans have been submitted for the private development of the Morgan District. Pioneer Area –Mr. Art Dumke continues to work with City staff to explore multiple development options and funding scenarios. The Granary –The RDA parcel on the southwest corner of 6th and Nebraska has been submitted as part of the Granary Site Plan and TIF application. The Plan Commission recommended approval of the TIF Plan. The Site Plan has also been submitted for Plan Commission review in May. Update on Marion & Pearl Redevelopment Area: Jackson/Marion Parcel:Mr. Andy Dumke continues to develop more specific building and site plans. He is also working on tenant occupancy and a financing plan.His option expires on September 28, 2018. Jackson/Pearl Parcel:Mr.Jeff Fullbright continues to work on the brewery/tap house. His option expires on July 20, 2017.