CCR1979175A RESOLUTION CREhTING, DESCRIBING AND MAKING
RESOLUTION #175-79
CERTAIN FINDINGS CONCERNING TAX INCREMENTAL DISTRICT
NUMBER FIVE, CITY OF MUSKEGO
WHEREAS, the overall development of the northern portion of the
City of Muskego is recognized as a major need of the City; and
WHEREAS, the City of Muskego desires to create a tax incremental
district, in accordance with the provisions of Section 66.46 of the
Wisconsin Statutes (the "Tax Increment Law"), in order to provide a
viable method of financing the costs of needed public improvements
for appropriate private development, including new development and
improvement of existing development, which will contribute to the
overall development of the northern portion of the City; and
a. ' ~thln the said district and thereby create incentives and opportunities
WHEREAS, in accordance with the procedures specified in the Tax
Increment ~aw, the Planning Commission, on May 1, 1979, held a public
hearing concerning the proposed creation of a tax incremental
district in the City of Muskego, and thereafter designated the
boundaries of the proposed tax incremental district and recommended
to the Common Council that it create such tax incremental district
within the area enclosed by the said boundaries, as specified in the
boundary description attached to this resolution. as Exhibit A hereof, I I and entitled "Boundary Description of Tax Incremental District Number
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eive, City of Muskego"; and
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WHEREAS, prior to its publication, a copy of the notice of the !
said public hearing was sent to the chief executive officers of the
Waukesha County Board of Supervisors and the District Board of the
Waukesha County Vocational, Technical and Adult Education District
(the other entities having the power to levy taxes on property located i
within the progose2 dis%rict; zd the Schosl Eoard of the Muskeqo-
Norway School District (the school board of the school district
which includes property located within the proposed district), in
accordance with the procedures specified in the Tax Increment Law;
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NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY
OF MUSKEM, as follows:
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in the City of Nuskego a tax incremental district, to be 1:nown as
"?'ax Incremental District Number Five, City of I.lushego", the
bounciaries of which shall be those recopmended to the Comnon council
by the Planning COmIIIiSSiOn, as specified in the attached Exhibit A.
1. Pursuant to the Tax Increment Law, there is hereby created
9 2. The said tax incremental district is created as of January 1,
1979.
3. The Common Council hereby finds and declares that: -
the said tax incremental district is a "blighted area"
(a) Not less than 25%, by area, of the real property within
within the meaning of Section 66.46(2) (a) of the Wisconsin
Statutes; and
significantly the value of all of the other real property
(b) The improvement of such area is likely to enhance
in the said tax incremental district; and
(c) The aggregate value of equalized taxable property of
the said tax incremental district, together with that of
Tax Incremental District Number One, Tax Incremental District
Number Two, Tax Incremental District Number Three, Tax
Incremental District Number Four, Tax Incremental District
Number Six and Tax Incremental District Number Seven, does
not exceed 5% of the total value of equalized taxable
property within the City of Muskego, there being no more
tax incremental districts in the City of Muskego. -
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9 4. The Planning Commission is hereby authorized and directed to
pursuant to the provisions of Section"66.46 (4) (d) of the Wisconsin
Statutes, and to submit said Plan to the Common Council for its
review and approval.
"epare a Project Plan for Tax Incremental District Number Five,
5. The City Clerk is hereby authorized and directed to apply to
a "Determination of Tax Incremental Bzse", as of January 1, 1979,
the Wisconsin Department of Revenue, in such form as may be prescribed, # suant to the provisions of Section 66.46 (5) (b) of the Wisconsin
Statutes.
6. The City Assessor is hereby authorized and directed to
idzi,ti=y upo~ the assessment zoll returned~ 332 sx3mined crder
Section 70.45 of the Wisconsin Statutes, those parcels of property
which are within Tax Incremental District Number Five, specifying
Clerk is hereby authorized and directed to make similar notations on
thereon the name of the said tax incremental district, and the City
pursuant to Section 66.46(5) (f) of the Wisconsin Statutes.
the tax roll made under Section 70.65 of the Wisconsin Statutes,
b dopted this day of September, 1979.
Mayor
Attest:
City Clerk