HomeMy WebLinkAbouttid-10-main-and-washington-redevelopmentTAX INCREMENTAL DISTRICT #10
MAIN & WASHINGTON
REDEVELOPMENT DISTRICT
TAX INCREMENT FINANCING
PROJECT PLAN
CITY OF OSHKOSH
1993
Adopted by Council: September 16, 1993
T.I.F. PROJECT PLAN
TAX INCREMENTAL DISTRICT #10
PROJECT PLAN
CITY OF OSHKOSH
ADOPTED BY THE PLAN COMMISSION
AUGUST 9, 1993
ADOPTED BY THE COMMON COUNCIL
SEPTEMBER 16, 1993
PREPARED BY:
DEPARTMENT OF COMMUNITY DEVELOPMENT
July, 1993
TABLE OF CONTENTS
PAGE
SUMMARY FINDINGS
1
INTRODUCTION
2
BOUNDARIES
3
NAME OF DISTRICT
3
CREATION DATE
3
PROPOSED IMPROVEMENTS & PROJECT COSTS
3
NON -PROJECT COSTS
3
RELOCATION
6
MASTER PLAN, ZONING, & OTHER CODE CONSIDERATIONS
6
ECONOMIC FEASIBILITY
6
FINANCING
11
ORDERLY DEVELOPMENT
11
FINDINGS
12
FIGURE 1 TID #10 BOUNDARIES : 4
TABLE I PROJECTED IMPROVEMENT SCHEDULE 5
FIGURE 2 EXISTING & PROPOSED LAND USES 7
FIGURE 3 PROPOSED IMPROVEMENTS 8
TABLE II PROJECTED INCREMENT 9
TABLE III PROJECTED EXPENDITURES 10
ATTORNEY'S OPINION 13
PAGE
APPENDIX A - COMMON COUNCIL REPORT TO
JOINT REVIEW BOARD 14
APPENDIX B - NOTICE OF PUBLIC HEARING BEFORE THE
PLAN COMMISSION 15
APPENDIX C - PLAN COMMISSION MINUTES OF AUGUST 9, 1993 16
APPENDIX D - RESOLUTION 93-01 APPROVED BY PLAN
COMMISSION 18
APPENDIX E - COMMON COUNCIL RESOLUTION 93-336 APPROVING
TID #10 PROJECT PLAN 20
APPENDIX F - RESOLUTION 93-02 APPROVED BY PLAN
COMMISSION 23
APPENDIX G - RESOLUTION 93-01 APPROVED BY JOINT
REVIEW BOARD 24
SUMMARY FINDINGS
CITY OF OSHKOSH
TAX INCREMENT DISTRICT #10 PROJECT PLAN
DISTRICT City of Oshkosh Tax Increment District #10 - Main & Washington
NAME: Redevelopment District.
LOCATION Washington Avenue between Main Street and State Street.
SIZE: Approximately 0.44 acres.
PURPOSE: To conserve the Central Business District by facilitating the rehabilitation of
a blighted area.
PROPOSED $560,000 for acquisition, relocation, and construction associated with the
COST: rehabilitation of the District. $165,000 in TID project costs, and $395,000 in
non -project costs.
PROJECT $377,500 borrowing program utilizing the Wisconsin Land Trust, $100,000
FINANCING: from sale of property, and $82,500 in Community Development Block Grant
(CDBG) funds.
PROJECT The District is projected to add $270,000 to the City's tax base during the
REVENUES: projected life period (1993-2013). It is estimated that the TID will generate
$188,220 in tax increments during that same period. It is also anticipated
that $471,259 from the City's Parking Fund will be used for the project.
ECONOMIC Based on planned expenditures and revenue levels, all costs of the TID will
FEASIBILITY: be paid off by the end of 2013, the 20th year, and the TID will be dissolved.
Beginning with 2014, all taxes generated as a result of development in TID
#10 will be apportioned among and directly benefit all taxing entities.
1
TAX INCREMENT DISTRICT #10
PROJECT PLAN
CITY OF OSHKOSH
INTRODUCTION
Tax Increment District #10 is a portion of the Main and Washington Redevelopment Area.
The Redevelopment Area is proposed for the purpose of helping to conserve the City's Central
Business District, specifically an area in the general vicinity of North Main Street and Washington
Avenue. The project involves the rehabilitation of a structure at 318 North Main Street, and the
improvement of Washington Avenue from North Main Street to Jefferson Street. As part of the
overall redevelopment project, but not a part of TID #10, several buildings which are a blighting
influence to the area will be removed, and a new parking lot constructed that will serve 318
North Main Street , as well as other businesses in the vicinity.
The Tax Incremental Financing (TIF) law provides a mechanism which enables cities and
villages to rehabilitate blighted areas, improve business areas, and/or develop industrial sites.
The intent is to defray the cost of public improvements in a Tax Increment District by using tax
revenues or increments generated from new development. Under Tax Incremental Financing,
the tax increment generated from private investment in a tax increment district is applied entirely
to the retirement of debt incurred by the municipality in order to make the area attractive to
investment or reinvestment. When the cost of public improvements have been recovered, the
District is dissolved and all taxing jurisdictions then benefit on the same shared basis as before
the creation of the District.
The tax increment law provides benefits to all taxing entities by promoting the
development of new taxable value which otherwise would not occur. It provides a tool to
municipalities to make feasible the required levels of investment to meet identified needs and
to fill legitimate public purpose roles. The Law also recognizes that since municipalities do not
share the investment risk with other tax entities, they are entitled, within a prescribed period of
time to receive all new tax revenues of the TIF District as the source of paying off all public
investment costs. All other taxing entities receive benefits in the future from the increased tax
base generated as a result of the city's investment in the TIF District.
Historically, the City of Oshkosh has demonstrate
conserve its Central Area with the implementation of the
Algoma/Church Redevelopment Areas. The implementation
rehabilitation efforts designed to conserve the vitality and
Business District.
2
d
its intention to rehabilitate and
Oshkosh Centre, 100 Block, and
of TID #10 is consistent with past
economic viability of the Central
BOUNDARIES/PROPERTY IDENTIFICATION
Tax Increment District (TID) #10 is a part of Section 24, T18N, R16E, in the second and
fourth ward of the City of Oshkosh, Winnebago County, Wisconsin, described as follows:
Lots B and C in Block 27 in the H. Priess Addition, and all of lot 25 including that part of
Washington Avenue contained in lot 25 and the south 18 feet of Lot 20 and all of Lot 1
of Block 40 of Leach's Map of 1894 and that part of Washington Avenue contained by a
line beginning at the northwest corner of Lot C, Block 27, H. Priess Addition, thence
easterly along the north line of said lot 113.19 feet to the northeast corner of said lot;
thence northerly to the southeast corner of Lot 25 of Block 40 Leach's map; thence
westerly along the south line of said Lot 25 125.4 feet to the southwest corner of said lot;
thence southerly to the point of beginning.
Total area within the District is estimated at 0.44 acres, and the real property identified as in
need of rehabilitation or conservation includes 318 North Main Street, and Washington Avenue
from North Main Street to Jefferson Street. These properties are also identified in Figure 1.
NAME OF THE DISTRICT
The name of the TID shall be City of Oshkosh Tax Increment District #10 (TID #10) -
Main & Washington Redevelopment Area.
CREATION DATE
The date of creation for the capture of all new taxable value created within TID #10 shall
be January 1, 1993. The value established as of this date shall be used as the base in
computing any increments that may accrue in the tax base for the District.
PROPOSED IMPROVEMENTS AND PROJECT COSTS
Table I provides a detailed listing of proposed improvements and project costs related to
the development of TID #10. Project costs of an estimated $165,000 are related to the
acquisition and subsequent disposition of the property located at 318 North Main Street, and the
rehabilitation of Washington Avenue between North Main and Jefferson Streets.
NON -PROJECT COSTS
Non -project costs associated with the entire Redevelopment Area, but not attributed to
TID #10 are estimated at $395,000. These costs, also illustrated in Table I, are associated with
the acquisition of vacant land and several blighted structures to the east of 318 North Main
Street. Relocation and demolition costs will be incurred, and a parking lot will be constructed in
this portion of the Redevelopment Area.
3
FIGURE 1
T
*s4TID 10 Boundaries N
Property in need of rehabilitation or conservation
4
TABLE I
PROJECTED IMPROVEMENT SCHEDULE
TID #10
MAIN & WASHINGTON REDEVELOPMENT AREA
ACTIVITY
l Acquistion of 318 N. Main
Washington Ave. street repairs
Acquistion 17 - 23 Washington Ave.
I Relocation
I Demolition
Construction of parking lot
TOTAL COST
TID
PROJECT
COST
$160,000.00
$5,000.00
$0.00
$0.00
$0.00
$165,000.00
NONPROJECT
COST
$0.00
$0.00
$250,000.00
$35,000.00
$50,000.00
$395,000.00
TOTAL
PROJECT
COST
$160,000.00
$5,000.00
$250,000.00
$35,000.00
$50,000.00
$60,000.00
$560,000.00
RELOCATION
No displacement is expected to occur as a result of the creation of TID #10. However if
some displacement occurs, the displacement and subsequent relocation will be completed
pursuant to the relocation requirements and plans required by the State of Wisconsin.
MASTER PLAN, ZONING, BUILDING AND OTHER CODE CONSIDERATIONS
The City of Oshkosh Comprehensive Plan has designated the general area for
commercial use. The area is zoned C-4 Central Business District, and no change in existing
land use, and the zoning, building or other codes are expected as a result of the creation of TID
#10. Existing and proposed land uses shown on Figure 2 are consistent with the Master Plan.
Proposed project and nonproject improvements are illustrated on Figure 3.
ECONOMIC FEASIBILITY
It is projected that total revenues generated from the property tax increments and funds
allocated from the City's Parking Fund will offset total project costs within the maximum allowed
23 year life of TID #10. Consequently, the proposed TID is economically feasible. Projected tax
base growth is illustrated in Table II and a financial analysis of the projected debt service is
shown in Table III.
The total projected project costs for streets and property acquisition over the 7 year period
(1993-2000) are $165,000. Non -project costs are estimated at $395,000.
The District is projected to have an equalized value of $675,000 when costs are paid in
full and the TID is terminated at the end of the 23 year period. It will generate $188,220 in tax
increments during the same period.
Based on planned expenditures and revenue levels, all costs of TID #10 will be paid off
by the end of 2013, the 20th year, and at that time the TID will be dissolved.
For purposes of this project plan, the following general development and financing
assumptions have been applied:
A tax increment of $270,000 will be created in 1994, and will remain stable for the
life of the TID. All increments received until the District is dissolved, will be used
to repay financing and project costs. Increments received following the dissolution
of the District will go directly to individual taxing entities based on the respective
tax rates at that time.
All borrowing, $377,500, for the Redevelopment Project will be through the
Wisconsin State Trust Fund.
6
FIGURE 2
TID #10
EXISTING AND PROPOSED LAND USES
Commercial/Office
T
N
FIGURE -3
TID #10
PROPOSED IMPROVEMENTS
Street Improvement
Acquistion/Disposition
Nonproject Parking Lot
T
N
TABLE 1I
PROJECTED INCREMENT
TID #10
MAIN & WASHINGTON
Assumptions:
1.The
value of the increment
created in 1993 is $270,000, and does not
increase over the life of the TID.
2.The
gross tax rate remains stable over the life of
the TID.
TID
ANNUAL
TAX
GROSS
INCREMENT
INCREMENT
TID
COLLECTION
TAX
AVAILABLE
YEAR
CREATED
INCREMENT
YEAR
RATE
TAX YEAR
1993
$270,000
$270,000
1993
$36.69
$0
1994
$0
$270,000
1994
$36.69
$0
1995
$0
$270,000
1995
$36.69
$9,906
1996
$0
$270,000
1996
$36.69
$9,906
1997
$0
$270,000
1997
$36.69
$9,906
1998
$0
$270,000
1998
$36.69
$9,906
1999
$0
$270,000
1999
$36.69
$9,906
2000
$0
$270,000
2000
$36.69
$9,906
2001
$0
$270,000
2001
$36.69
$9,906
2002
$0
$270,000
2002
$36.69
$9,906
2003
$0
$270,000
2003
$36.69
$9,906
2004
$0
$270,000
2004
$36.69
$9,906
2005
$0
$270,000
2005
$36.69
$9,906
2006
$0
$270,000
2006
$36.69
$9,906
2007
$0
$270,000
2007
$36.69
$9,906
2008
$0
$270,000
2008
$36.69
$9,906
2009
$0
$270,000
2009
$36.69
$9,906
2010
$0
$270,000
2010
$36.69
$9,906
2011
$0
$270,000
2011
$36.69
$9,906
2012
$0
$270,000
2012
$36.69
$9,906
2013
$0
$270,000
2013
$36.69
$9.906
TOTAL INCOME
$188,220
11
TABLE III
PROJECTED EXPENDITURES
TID #10
Assumptions:
1.$377,500 borrowed at 6%, 19 equal payments beginning March 15,
1995. No prepayment of principal.
PARKING
DEBT/SERVICE
TID
UTILITY
TOTAL
FUND
YEAR
PAYMENT
INCOME
PAYMENT
INCOME
BALANCE
1993
1994
1995
$34,709
$9,906
$24,803
$34,709
$0
1996
$34,709
$9,906
$24,803
$34,709
$0
1997
$34,709
$9,906
$24,803
$34,709
$0
1998
$34,709
$9,906
$24,803
$34,709
$0
1999
$34,709
$9,906
$24,803
$34,709
$0
2000
$34,709
$9,906
$24,803
$34,709
$0
2001
$34,709
$9,906
$24,803
$34,709
$0
2002
$34,709
$9,906
$24,803
$34,709
$0
2003
$34,709
$9,906
$24,803
$34,709
$0
2004
$34,709
$9,906
$24,803
$34,709
$0
2005
$34,709
$9,906
$24,803
$34,709
$0
2006
$34,709
$9,906
$24,803
$34,709
$0
2007
$34,709
$9,906
$24,803
$34,709
$0
2008
$34,709
$9,906
$24,803
$34,709
$0
2009
$34,709
$9,906
$24,803
$34,709
$0
2010
$34,709
$9,906
$24,803
$34,709
$0
2011
$34,709
$9,906
$24,803
$34,709
$0
2012
$34,709
$9,906
$24,803
$34,709
$0
2013
$34,709
$9,906
$24,803
$34,709
$0
$659,478
$188,220
$471,259
$659,478
10
ECONOMIC FEASIBILITY CONT'D
The base value of TID #10 is an estimated $405,000.
The City will sell 318 North Main Street for $100,000. The new owner will
rehabilitate the building and the property will have an assessed value of at least
$300,000. The owner of the property at 404 North Main will also invest in that
building so the assessed value will be at least $375,000.
The City Parking Commission and the Downtown Oshkosh Business Improvement
District will guarantee the difference between TID income and the amount of
annual debt service needed to retire the indebtedness.
FINANCING
Project costs will be financed through borrowing from the Wisconsin State Trust Fund.
Non -project costs will be financed through the Wisconsin State Trust Fund, the sale of 318 North
Main Street, and Community Development Block Grant Funds. Repayment of the loan from the
Wisconsin Trust Fund will be made from funds generated by the new tax value created in the
District, and the City Parking Commission.
ORDERLY DEVELOPMENT
Creation of the Tax Incremental Financing District for the purpose of conserving the
Central Business District promotes orderly development by ensuring that buildings are
rehabilitated to their highest and best use in a manner consistent with appropriate plans and
codes, that adequate public facilities are available to support the development, and that blighting
influences on the development are mitigated. Given the difficulties associated with development
in central cities, were it not for the TIF financing mechanism, and the support of the City of
Oshkosh to undertake a commercial rehabilitation program in the central city, such efforts to
conserve and rehabilitate this area might not occur.
The City of Oshkosh, working in cooperation with the Oshkosh Commercial Development
Corporation a non-profit development corporation), is involved in a continuing program to
conserve the central city area through the rehabilitation of building and preventing or eliminating
slums or blight. These and other efforts are undertaken to promote orderly development in the
central city as well as maintaining and improving the overall economic health of the community.
11
FINDINGS
More than 50 percent of the real property within the TID is in need of rehabilitation or
conservation within the meaning of Section 66.435(3), Wis. Stats..
The rehabilitation of buildings, improved road, and new parking lot will have a significant
positive impact on the value of substantially all real property in the District.
The primary objective for creating TID #10 is to help rehabilitate and conserve the Central
Business District. The project costs identified are consistent with the purpose for which the tax
increment district was created.
Based on January 1, 1992 equalized values, the base value of TID #10 is estimated at
$405,000. The equalized value of taxable property in TID #10 plus all existing districts does not
exceed 7 percent of the total equalized value of taxable property within the City of Oshkosh. The
January 1, 1992 equalized value of all existing TID's including the estimated value of proposed
TID #10 is $59,505,000, or 4.2 percent of the estimated $1,423,611,500 total equalized value
of the City at the time of TID #10's creation.
12
CITY HALL
215 Church Avenue
P. O. Box 1130
Oshkosh, Wisconsin
54902.11330 City of Oshkosh
O.fHKQfH
414-25-511.5
July 29, 1993
Mr. Jackson R. Kinney
Director of Community Development
City Hall
215 Church Avenue
Oshkosh, WI 54902-1130
Dear Mr. Kinney:
I have reviewed the Project Plan for City of Oshkosh Tax Incre-
ment District #10 - Washburn Street, pursuant to Section
66.46(4)(f) of the Wisconsin Statutes. I find that the Plan
includes a statement listing the kind, number and location of the
proposed public improvements. It also shows an economic
feasibility study, a detailed list of estimated project costs,
and a description of the method of financing all estimated
project costs and the time when the costs are to be incurred.
The Plan also has a map showing existing uses and conditions of
the real property in the district and a map showing proposed
improvements in the district and which also indicates the zoning
of the District. The plan further shows how the district will
promote the orderly development of the City.
Upon adoption by the Planning Commission of the Project Plan and
their submission of the plan to the City Council, all require-
ments of Section 66.46(4)(f), Wis. Stats., shall be complete and
it is, therefore, my opinion that the Project Plan attached
hereto is complete and complies with Sec. 66.46(4)(f), Wis.
Stats.
Yours truly,
CIT OF OSHKOSH
Warren P. Kraft
City Attorney
wpk:lz
13
APPENDICES
APPENDIX A
COMMON COUNCIL REPORT TO THE JOINT REVIEW BOARD
Section 66.46(4)(i), Wisconsin Statutes, requires the Common Council provide the Joint
Review Board with certain information and projections. This Appendix will provide the required
information either by reference to its location in the Project Plan, or by separate narrative. All
projections and information presented in this report assume TID #10 will be in existence for
twenty of the twenty-three years allowed by Statutes.
1. The estimated amount of tax increments to be created over the life of TID #10 are shown
on Table II of the Project Plan. Specific projects that may be undertaken in TID #10, and
their estimated costs including debt service, are listed in Table III of the Project Plan.
2. The value increment (equalized value of all taxable property minus the tax incremental
base) when project costs are paid in full is an estimated $270,000.
3. Project costs in 1 above are associated with public street improvements, and the
acquisition of property. The project costs incurred by the TID should not be paid for by
the property owners because, while they will derive some benefit from the improvements,
the general public will also benefit from the infrastructure improvements as well as the
new tax base.
4. The share of projected tax increments estimated to be paid by the owners of taxable
property in each of the taxing jurisdictions overlying the district is as follows: School
District, $99,051; City Government, $48,420; County Government, $30,350; Fox Valley
Technical College, $10,399. It should be noted that the projected total increment would
be collected over twenty years and, per the income projections, the TID fund would have
a balance sufficient to pay all debt service prior to the 23rd year.
5. Property owners paying a part of the projected tax increment will accrue benefits in three
ways. First, without the TID the rehabilitation of the area to the extent outlined in the
project plan would not occur. Second, installation of the public improvements will allow
current property owners to develop their property in such a manner as to attract a higher
quality development, thereby receiving a higher rate of return. Third, as a redevelopment
area, the rights of present and future property owners to conduct their business will be
protected by municipal services and land use regulations.
14
APPENDIX B
NOTICE OF PUBLIC HEARING
BEFORE THE CITY OF OSHKOSH PLAN COMMISSION
MONDAY, AUGUST 9, 1993
4:00 PM, Room 404
City Hall, Oshkosh, WI
The Plan Commission will hear public comments on the designation of a Tax
Incremental Financing District. The boundaries to be established will be discussed
at this scheduled meeting. A project plan for the district will also be considered.
Interested persons are encouraged to attend. Copies of the plan are available upon
request. For information call the Planning Division, City of Oshkosh, 236-5055
between 8 AM - 4:30 PM, Monday thru Friday.
The district shall be referred to as follows: Tax Increment District No. 10 - Main
and Washington Redevelopment District.
Location: The City is implementing Tax Increment District No. 10 in an area on
Washington Avenue between N. Main St. and State St.
Legal Description: The proposed boundaries of Tax Increment District No. 10 are
described as follows:
A part of Section 24, T18N, R16E, in the 2nd and 4th Wards of the City of
Oshkosh, Winnebago County, Wisconsin, described as follows: Lots B and C in
Block 27 in the H. Priess Addition, and all of Lot 25 including all that part
of Washington Ave. contained in Lot 25 and the S 18 feet of Lot 20 and all of
Lot 1 of Block 40 of Leach's Map of 1894 and that part of Washington Ave.
contained by a line beginning at the NW corner of Lot C, Block 27, H. Priess
Addition, thence Ely along the N line of said Lot 113.19 ft. to the NE corner
of said Lot; thence Nly to the SE corner of Lot 25 of Block 40 Leach's Map;
thence Wly along the S line of said Lot 25, 125.4 ft. to the SW corner of said
Lot; thence Sly to the point of beginning.
PUBLISHED: July 24 & 31, 1993
15
APPENDIX C
(excerpt fran August 9, 1993 Plan Cannission minutes)
PLAN COMMISSION MINUTES PAGE -3- AUGUST 9, 1993
Landolt of Landolt Securities is proposed to be relocated with the assistance of Susan Moore
of the City Planning Office.
Chairman Ruppenthal inquired if parking meters would be installed in the proposed parking
lot and if parking permits would be issued for the new businesses and Mr. Frueh indicated
that they would not. Mr. Frueh stated that the parking lot would be intended for short term
parking for customers.
Chairman Ruppenthal stated that Plan Commission member Craig Schwalenberg was unable
to attend tonight's Plan Commission meeting, but wished to have it put on the record that he
was in opposition of the proposal and inquired as to bonding.
Mr. Frueh stated the only way you create a redevelopment is by the willingness of
surrounding property owners to tax themselves for this project. Mr. Giombetti can afford to
do this and the Bank president gave the City a letter guaranteeing the terms. Mr. Frueh did
not think a bond is necessary.
Mr. Gehling stated that it was his opinion that staff has done a good job with this project.
The City needs this type of parking regardless in order to keep business in the downtown
area. He went on to say that the proposed area is an ideal location for parking and noted
that the commercial stores in that area need that type of parking.
Mr. Frueh stated that there were two parking studies done in the mid 1980's and all
indicators point to that location as the best site for parking from their studies.
Motion by Gehling for approval of the Main & Washington Redevelopment
Area boundaries as designated, a declaration that the proposed area is
blighted, and the Main & Washington Redevelopment Project Plan.
Seconded by Vierthaler. Motion carried 5-0 with two present (Borsuk,
Smith).
V: PUBLIC HEARING
The City of Oshkosh Plan Commission will conduct a public hearing on the proposed creation
of TID #10 and the project plans associated with the district.
Mr. Steve Landolt, 1513 Clairville, owner of Landolt Securities at 21 Washington Avenue,
inquired if the Bank One Building was involved in this project.
Chairman Ruppenthal stated the Bank One Building was not included in the Redevelopment
district proposal.
Public Hearing closed.
it
APPENDIX C (cont'd)
PLAN COMMISSION MINUTES PAGE -4- AUGUST 9, 1993
VI: DESIGNATION OF TAX INCREMENT DISTRICT #10 BOUNDARIES AND THE
APPROVAL OF THE TAX INCREMENT FINANCING PROJECT PLAN - City Administration.
City Administration is requesting the Plan Commission to review and approve the proposed
TID #10 boundaries and the TID #10 Main & Washington Tax Incremental Financing Project
Plan.
Mr. Vierthaler inquired if the proposed costs were a ball park figure or would the costs pretty
much stay within the boundaries proposed.
Mr. Frueh stated that the City may be required to request the Business Improvement District
(BID) for more of a commitment.
Motion by Stenz for approval of TID #10 boundaries as proposed and the
TID #10 Main & Washington Tax Incremental Financing Project Plan.
Seconded by Vierthaler. Motion carried 5-0 with two present (Borsuk,
Smith).
VII: OTHER BUSINESS:
Chairman Ruppenthal stated he received a letter dated August 6, 1993 from John A. Casper,
Executive Vice President of The Chamber requesting input from the Plan Commission as to
their thoughts on strategic issues that should be addressed in the near future. It was
suggested that staff make copies of Mr. Casper's letter to mail to all Plan Commission
members in order for the members to jot down their suggestions and bring them up at the
next Plan Commission meeting.
There being no further business, the meeting adjourned.
Respectfully submitted,
Bruce A. Roskom
Principal Planner
17
APPENDIX D
AUGUST 9, 1993
RESOLUTION 93-01
WHEREAS, the Plan Commission has held a public hearing on the creation of a Tax Increment
District and the proposed boundaries thereof; and
WHEREAS, the Chief Executive Officers of the Oshkosh Area School District, Winnebago
County Board, and other entities having power to levy taxes on property located within the proposed
TID have been notified including the School Board of any school district which includes property within
the proposed District pursuant to Section 66.46(a), Wis. Statutes.
NOW, THEREFORE, BE IT RESOLVED that the Plan Commission of the City of Oshkosh
hereby approves creation of Tax Incremental Financing District No. 10, City of Oshkosh, as described
in the attached Exhibit "A".
BE IT FURTHER RESOLVED that the improvements contemplated in TIF No. 10, City of
Oshkosh, are likely to significantly enhance the value of substantially all real property in TIF District
No. 10.
BE IT FURTHER RESOLVED that the value of equalized, taxable property in TIF District No.
10, City of Oshkosh together with all other established Tax Incremental Finance Districts, does not
exceed 7% of the total equalized valued of taxable property within the City of Oshkosh.
BE IT FURTHER RESOLVED that not less than 50% of the real property within TID No. 10 is
in need of rehabilitation or conservation within the meaning of Sec. 66.435(3), Wis. Stats.,
BE IT FURTHER RESOLVED, that the project costs are consistent with the purposes for which
the Tax Increment District is created with the primary objective being to assist in conserving the central
business district by facilitating the rehabilitation of a blighted area.
tif.pc1
18
/J HN RUPPENTHAL, �hairman
ity of Oshkosh Plan Commission
APPENDIX D (cont'd)
EXHIBIT "A"
TID #10 MAIN & WASHINGTON REDEVELOPMENT AREA
A part of Section 24, T18N, R16E, in the second and fourth ward of the City of Oshkosh,
Winnebago County, Wisconsin, described as follows:
Lots B and C in Block 27 in the H. Priess Addition, and all of lot 25 including that part of Washington
Avenue contained in lot 25 and the south 18 feet of Lot 20 and all of Lot 1 of Block 40 of Leach's Map of
1894 and that part of Washington Avenue contained by a line beginning at the northwest corner of Lot C,
Block 27, H. Priess Addition, thence easterly along the north line of said lot 113.19 feet to the northeast
corner of said lot; thence northerly to the southeast corner of Lot 25 of Block 40 Leach's map; thence
westerly along the south line of said Lot 25 125.4 feet to the southwest corner of said lot; thence southerly
to the point of beginning.
19
APPENDIX E
StPTEMBER 16, 1993 93-336 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE TAX INCREMENT DISTRICT NO. 10 PROJECT PLAN;
CREATE TAX INCREMENTAL FINANCE DISTRICT NO. 10
INITIATED BY: CITY ADMINISTRATION
PLAN COMMISSION RECOMMENDATION: Approved 5-0 w/2 Present
WHEREAS, pursuant to Section 66.46, Wis. Stats., the City of Oshkosh has
created Tax Increment District No. 10, City of Oshkosh; and
WHEREAS, the City of Oshkosh Plan Commission has prepared and adopted a
project plan for Tax Increment District No. 10, City of Oshkosh, which:
1) Includes a statement listing the kind, number and location of all
proposed public works or improvements within such District;
2) Contains an economic feasibility study;
3) Contains a detailed list of estimated project costs;
4) Contains a description of the methods of financing all estimated project
costs and the time when such costs or monetary obligations related
thereto are to be incurred;
5) Includes a map showing existing uses and conditions of real property in
such District;
6) Includes a map showing proposed improvements and uses therein;
7) Contains a list of estimated non —project costs;
8) Contains a statement of a proposed method for the relocation of any
person to be displaced.
9) Indicates how the creation of TID No. 10 promotes the orderly
development of the City;
10) Contains an opinion of the City Attorney that the Plan complies with
Section 66.46(4)(f), Wis. Stats.
and
WHEREAS, the Plan Commission has held a public hearing on the creation of a
tax increment district and the proposed boundaries thereof and has notified the
Chief Executive Officers of all local government entities having the power to levy
taxes on property within the District, including the School Board of any school
district which includes property within the District pursuant to Section 66.46, Wis.
Stats.; and
WHEREAS, the City of Oshkosh Plan Commission has submitted said Project Plan
to the Common Council of the City of Oshkosh.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh
that:
1) Said Project Plan for Tax Increment District No. 10, City of Oshkosh, is
feasible; and
2) Said Project Plan is in conformity with the Master Plan of the City of
Oshkosh.
20
APPENDIX E (cont'd)
SEPTEMBER 16, 1993
93-336
RESOLUTION (cont'd)
BE IT FURTHER RESOLVED that the Common Council of the City of Oshkosh approves
said Project Plan for Tax Increment District No. 10, City of Oshkosh, pursuant to
the provisions of Section 66.46, Wis. Stats.
BE IT FURTHER RESOLVED that the Common Council of the City of Oshkosh hereby
approves creation of Tax Incremental Financing District No. 10, City of Oshkosh, as
described below:
A part of Section 24, T18N, R16E, in the second and fourth ward of the City of
Oshkosh, Winnebago County, Wisconsin, described as follows: Lots B and C in
Block 27 in the H. Priess Addition, and all of Lot 25 including all that part
of Washington Avenue contained in Lot 25 and the south 18 feet of Lot 20 and
all of Lot 1 of Block 40 of Leach's Map of 1894 and that part of Washington
Avenue contained by a line beginning at the northwest corner of Lot C, Block
27, H. Priess Addition, thence easterly along the north line of said lot
113.19 feet to the northeast corner of said lot; thence northerly to the
southeast corner of Lot 25 of Block 40 Leach's map; thence westerly along the
south line of said Lot 25 125.4 feet to the southwest corner of said lot;
thence southerly to the point of beginning.
BE IT FURTHER RESOLVED that the improvements contemplated in TIF #10, City of
Oshkosh, are likely to significantly enhance the value of substantially all real
property in TIF District No. 10.
BE IT FURTHER RESOLVED that the value of equalized, taxable property in TIF
District No. 10, together with all other established Tax Incremental Finance
Districts, does not exceed 7% of the total equalized value of taxable property
within the City of Oshkosh.
BE IT FURTHER RESOLVED that more than 50% of the real property within TID #10
is in need of rehabilitation or conservation within the meaning of Section
66.435(3), Wis. Stats.
BE IT FURTHER RESOLVED that the project costs are consistent with the purposes
for which the Tax Increment District is created with the primary objective being to
conserve the Central Business District by facilitating the rehabilitation of a
blighted area.
21
APPENDIX E (cont'd)
STATE OF WISCONSIN )
COUNTY OF WINNEBAGO )SS
CITY OF OSHKOSH
I, DONNA C. SERWAS, Clerk for the City of Oshkosh, Winnebago County,
Wisconsin, do hereby certify that the annexed resolution is a
true and correct copy of the original on file in my office, adopted by the
Common Council of the City of Oshkosh, Wisconsin at a regular
meeting held on September 16 , 19 93 .
Witness my hand and the Corporation seal of the City of Oshkosh,
Wisconsin, this 21st day of September , 19 93
City Clerk of the City of Oshkosh
Winnebago County, Wisconsin
22
APPENDIX F
AUGUST 9, 1993 . RESOLUTION 93-02
WHEREAS, pursuant to Section 66.46, Wis. Stats., the City of Oshkosh has created Tax
Increment District No. 10, City of Oshkosh; and
WHEREAS, the City of Oshkosh Plan Commission has prepared and adopted a project plan for
Tax Increment District No. 10, City of Oshkosh, which:
1) Includes a statement listing the kind, number and location of all proposed public works
or improvements within such District;
2) Contains an economic feasibility study;
3) Contains a detailed list of estimated project costs;
4) Contains a.description of the methods of financing all estimated project cots and the
time when such costs or monetary obligations related thereto are to be incurred;
5) Includes a map showing existing uses and conditions of real property in such District;
6) Includes a map showing proposed improvements and uses therein;
7) Contains a list of estimated non -project costs;
8) Contains a statement of a proposed method for the relocation of any person to be
displaced;
9) Indicates how the creation of TID No. 10 promotes the orderly development of the City;
10) Contains an opinion of the City Attorney that the Plan complies with Sec. 66.46(4)(f),
Wis. Stats.; and
WHEREAS, the Plan Commission has held a public hearing and has notified the Chief
Executive Officers of all local government entities having the power to levy taxes on property within the
District, including the School Board of any school district which includes property within the District
pursuant to Section 66.46(e), Wis. Stats.; and
WHEREAS, the City of Oshkosh Plan Commission has submitted said Project Plan to the
Common Council of the City of Oshkosh.
NOW, THEREFORE, BE IT RESOLVED by the Plan Commission of the City of Oshkosh that:
1) Said Project Plan for Tax Increment District No. 10, City of Oshkosh, is feasible; and
2) Said Project Plan is in conformity with the Master Plan of the City of Oshkosh.
BE IT FURTHER RESOLVED that the Plan Commission of the City of Oshkosh approves said
Project Plan for Tax_ Increment District No. 10, City of Oshkosh, pursuant to the provisions of Section
66.46, Wis. Stats.
J HN RUPPENTHAL, Chairman an
ity of Oshkosh Plan Commission
tifplan.pcl
23
APPENDIX G
SEPTEMBER 29, 1993
RESOLUTION 93-01
WHEREAS, on September 16, 1993 the City of Oshkosh Common Council approved a
Project Plan for development of TID #10 and created TID #10 (Resolution 93-336); and
WHEREAS, the City has complied with all Statutory requirements relative to
creation of said District; and
WHEREAS, the TIF Joint Review Board has received and reviewed copies of the
TID #10 Project Plan; and
WHEREAS, quality development of the Main Street/Washington Avenue area could
not occur without the ability to successfully implement the TIF mechanism contained
in the Project Plan; and
WHEREAS, the economic benefit and increased employment to be derived from the
development of the Main and Washington Redevelopment District are sufficient to
compensate for the public cost associated with the project; and
WHEREAS, benefits of TID #10 outweigh the anticipated tax increments to be
paid by the owners of property in the overlying taxing districts.
NOW, THEREFORE, BE IT RESOLVED by the TIF Joint Review Board that TID #10,
City of Oshkosh - Main & Washington Redevelopment District and said Project Plan are
hereby approved.
i
V
TIF JOINT REVIEW BOARD
CITY OF OSHKOSH
24
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