HomeMy WebLinkAboutAnnual Financing Report Minutes JOINT REVIEW BOARD
ANNUAL REPORT 2017
Meeting Minutes
September 11, 2018
9:00 a.m., City Hall Room 203
Present: Barb Herzog, Board of Education; Mark Rohloff, City of Oshkosh; Mark Harris,
Winnebago County; Melissa Kohn, Fox Valley Technical College, and Burk Tower,
Pubic Member.
Staff: Darryn Burich, Planning Director, Allen Davis, Community Development Director,
Kelly Nieforth, Economic Development Manager
The meeting was called to order at 8:00 a.m. by Chairman Mark Harris.
Mr. Burich stated that this meeting was a reschedule of the July 10th meeting to discuss the"2017
Annual Report" that couldn't meet to discuss because of a lack of quorum. Mr. Burich explained the
requirement for the meeting and what was contained in the 2017 Annual Financial Report. Mr. Burich
distributed a copy of the "TID Snapshot Summary" of all active TIDs prepared by the Finance
Department and highlighted some of the districts noting that TID No. 7 will not be included in the 2018
report because of its closure in 2017.
Mr. Harris inquired about the increment and cash balance. Mr. Rohloff stated that there wasn't any
cash to distribute because TID No. 7 was a donor district with the remaining cash balance being
transferred to TIDs No's. 20 and 21 to help offset costs in those districts and noted that other districts
had been closed earlier to distribute cash balances to the taxing jurisdictions. Mr. Rohloff noted that
the approximate $145 million in tax increment will go back to being shared by the taxing jurisdictions.
Mr. Harris inquired about the impact of changes and exemptions in personal property and how that was
impacting the districts. Mr. Bunch stated that he wasn't sure but when the City creates a project plan
for a new TID, staff doesn't rely on the personal property tax in its financial projections but that there
will be an impact with the changes and how the personal property is being distributed by the State.
Mr. Tower inquired about TID 4 26 Aviation Business Park and if anything was moving forward there.
Mr. Davis explained that the infrastructure was in and lands are available. Mr. Harris discussed the
taxiway issue.
Mr. Burich stated that in the 2018 report TID No's. 31-33 will be added. Mr. Burich also stated that the
only TIDs that are anticipated to be closed are TID No's. 10 and 11 which are projected to close in
2020.
Motion to adjourn the meeting made by Mr. Rohloff and second by Ms. Kohn. Meeting adjourned at
8:30 am. Motion carried.
Respectfully Submitted,
Darryn Burich
Planning Director