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HomeMy WebLinkAboutMinutes-CityCenterRedevelopment JOINT REVIEW BOARD MEETING MINUTES Amendment No. 1 TID # 17 City Center Redevelopment Amendment No. 2 TID # 13 Marion Road/Pearl Avenue Redevelopment April 15, 2003 Present: Teresa Thiel, Board of Education; Gerald Rickman, Fox Valley Technical College; Steve Hintz, City of Oshkosh; Robert Pung, at-large member, Mike Hert, Winnebago County. Others: Richard Wollangk, City Manager; Jackson Kinney, Director of Community Development, Darryn Burich, Principal Planner. The meeting came to order at 8:00 am. The meeting was called to order by Chairman Pung. Mr. Burich explained that Ms. Thiel was substituting for Mr. McDermott at this meeting due to a potential conflict of interest situation with parties involved in TID # 17. Mr. Burich provided a brief explanation of the purpose and organization of the Joint Review Board. Mr. Kinney provide a brief overview and explanation of the purpose of Amendment No. 2 to TID # 13 Marion Road/Pearl Avenue Redevelopment Project pointing out that if approved, funds will be transferred to the RDA to complete the improvements. Mr. Kinney also pointed out some of the developments that have occurred thus far in the district since its creation in the Phase I area that included Radford Square, Radford Village, Tumbleweed Restaurant, Subway, and the Concord multiple family development that is under construction. Mr. Burich added that through January 1, 2002 the Phase I area has generated approximately $2.2 million in tax increment and that once all the properties in the Phase I area are fully reflected on the tax rolls, an additional $6 million in increment should be generated. Mr. Kinney stated that estimates for developable values in the balance of the undeveloped areas in the district should exceed $15 million. Mr. Hintz inquired as to the status of work at the Wamco property. Mr. Kinney explained that environmental remediation, foundation removal, and other site preparation activities still need to be completed. As there were no other questions related to Amendment No. 2, Mr. Kinney provided a brief overview and explanation of Amendment No. 1 to TID # 17 City Center Redevelopment. Mr. Kinney explained that costs can be incurred outside of a district for infrastructure projects that directly serve and are necessitated by the Project Plan to improve the district. Mr. Hert inquired if the City had made an offer to purchase the Chamber building yet? Mr. Kinney stated the property had been appraised and that an offer would most likely be made in the near future should the intersection relocation plan be implemented as planned. th A meeting was scheduled for May 20 to consider approval of the amendments. Motion by Mr. Hert, seconded by Mr. Rickman to adjourn the meeting. The meeting was adjourned at 8:40 am. Respectfully Submitted, Darryn Burich Recording Secretary 35