HomeMy WebLinkAbout46. Arena UpdateTO: Honorable Mayor & Members of the Common Council
Mark Rohloff, City Manager
FROM: Allen Davis, Community Development Director
DATE: December 6, 2017
RE: Arena Construction, Public Improvements, Tax Increment Finance Plan, Timeline
Buckstaff Demolition
Complete with no changes. The City had rented equipment for $30,867 to date. Additional costs
including repairs, supplies, erosion control, security fencing, and stone totaled $27,800. The cost
for grinding the Buckstaff foundations into gravel for re -use came in at $53,000, under the
$60,000 budgeted.
Arena Construction
The building is erected and enclosed. Interior work continues to be completed and the majority
of the parking lot is installed. City Inspections Services staff have been on site multiple times a
week completing inspections. Final punch list items are being addressed. Occupancy Permit
was issued November 28, 2017. The first basketball game was played on December 1St.
Public Improvements
The public infrastructure around the Arena is nearing completion. All concrete/asphalt
pavement, sidewalks, and driveways are generally complete on E. 11t" Ave, E. South Park Ave,
and the east side of S. Main Street. The remainder of the pavement and sidewalk along the S.
Main Street is complete. The traffic signals are operational and in flash. They will remain in
flash until they can be programmed next week.
The storm sewer work on E. 14t" Ave is completed on each side of the railroad as the city has not
yet received approval from Canadian National to bore the storm sewer under the railroad. The
water line was bored under the railroad and is complete. E. 141hAve has the lower layer of
asphalt or temporary asphalt pavement placed. The final asphalt work will not be done until
after the storm sewer is completed.
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us
WEDC provided a grant for $250,000 to partially pay for planned public improvements around
the arena. Lastly, the E. 11th Ave. and E. South Park Ave. projects included assessments to
adjoining property owners and the developers of the arena.
Tax Increment Finance Plan
Staff and Ehlers finished work on a Pay -go - Tax Increment Finance Plan which will be needed
to reimburse the developer for the public improvements the developer finances up front that are
needed for the redevelopment of the Buckstaff/Arena site.
In addition to the public improvement costs, the Arena designer/builder has identified some
extraordinary private development costs for the site, due to the condition of the soils and fill
material on the site:
• $825,000 Remediation - Required by Wisconsin Department of Natural Resources,
including soil removal and land filling and/or encapsulating contaminates.
• $760,000 Geo pier installation - necessary to support the Arena structure weight due to
the poor soils; and Geo grid installation - necessary to support concrete and asphalt
surfaces on the site due to the poor soils.
• $234,000 Stormwater management measures - necessary due to the high groundwater
levels.
The above referenced extraordinary private development costs are estimated to be $1,819,000
and have been added to the TIF #31 Plan.
Development Agreement
Due to higher than anticipated construction costs, the developer requested that the existing
Development Agreement approved in March 17, 2017 be amended to allow for the TIF
reimbursement cap to be raised by $1.2 million and to not exceed $5,549,450.
Council approved an amendment to the existing Development Agreement on October 24, 2017
allowing the developer to receive additional payments from the TIF provided sufficient funds
are generated by the TIF to support such payments.
City Hall, 215 Church Avenue P.O. Box 1 130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us
Council also approved allowing future special assessments to be charged to the development
for the paving and sidewalk work that will take place on the Arena property. This amount is
estimated to be $215,532.
Timeline
Since the decision to locate the Bucks Developmental League Team in Oshkosh has been
announced, we can establish a final timeline based on an Arena construction start date of
February 27, 2017:
January12, 2017: Redevelopment Authority approves acquisition of the Buckstaff property(ies)
Approved
January 17, 2017: Plan Commission review/recommendation of Planned Development for
Arena. Approved
January 24, 2017: City Council - Buckstaff update/action on Planned Development for Arena.
Approved
City Council closed session regarding Land Sale, Development Agreement
and Lease Agreement. Completed
February 2,2017: Joint Review Board meeting - Completed
Plan Commission receives draft TIF Plan in packet. Completed
February 7, 2017: Plan Commission review/recommendation of draft TIF Plan. Approved
February 14, 2017: Redevelopment Authority action on Lease Agreement. Approved
February 14, 2017: City Council Buckstaff update
City Council action on Lease Agreement. Approved
February 17, 2017: City crews complete foundation removal for arena footprint. Completed
February 21, 2017: City Council action on SBA liens. Approved
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us
February 23,2017: Redevelopment Authority action on Development Agreement and Land Sale.
Approved
February 27, 2017: Construction begins with geo-piers for the Arena on southern part of site
by Fox Valley Pro Basketball, LLC. Geo pier installation completed
February 28, 2017: City Council Buckstaff update - Completed
City Council action on TIF Plan and Development Agreement. Approved
March 1, 2017: City Crews complete foundation removal for Lot 2. Completed
March 6, 2017: Joint Review Board meeting to approve TIF Plan. Approved
March 31, 2017: City crews complete foundation removal on Lot 1. Completed
April 11, 2017: City Council Buckstaff update. Completed
April: City Crews fill foundation holes on Lot 1. Completed
April 25, 2017: City Council Arena Update. Completed
March/April/May: City Engineers design public improvements. Completed
June: City bids public improvements — Opened bids June 15, 2017, awarded on June 27, 2017.
July/August/September/October/November: Construction of public improvements. — Complete
November: Complete construction of Arena. Complete for opening night December 1, 2017
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us