CCR1979177A RESOLUTION CREAR%F"%B&BING AND MAKING 177-79
CERTAIN FINDINGS CONCERNING TAX INCREMENTAL DISTRICT
NUMBER SEVEN, CITY OF MUSKEG0
WHEREAS, the development of industrial sites in 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 * strict, in accordance with the provisions of Section 66.46 of the
lsconsin Statutes (the "Tax Increment Law"), in order to provide a
viable method of financing the costs of needed public improvements
within the said district and thereby create incentives and opportuni-
ties for appropriate private development, including new development
and improvement of existing development, which will contribute to
development of industrial sites; and
WHEREAS, in accordance with the procedures specified in the Tax
public hearing concerning the proposed creation of a tax incremental
Increment Law, the Planning Commission, on September 4, 1979, held a
district and thereafter designated the boundaries of the proposed
tax incremental district and recommended to the Common Council that
the said boundaries, as specified in the boundary description attached
it create such tax incremental district within the area enclosed by a- . . o this resolution as Exhibit A hereof, and entitled "Boundary.
escrlptlon of Tax Incremental District Number Seven, City of Muskego";
and
WHEREAS, prior to its publication, a copy of the notice of the
Waukesha County Board of Supervisors and the District Board of the
said public hearing was sent to the chief executive officers of the
Waukesha County Vocational, Technical and Adult Education District 1 (the other entities having the power to levy taxes on property located
vithin the p-opose2 district) and the School Bgard of the Muskego-
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;
NOW, THEREFORE, BE IT RESOLVED BY THE COEIMON COUNCIL OF THE CITY
OF MUSKEGO, as follows:
1. Pursuant to the Tax Increment Law, there is hereby created
a tax incremental district, to be known as "Tax Incremental District
Number Seven, City of Muskego", the boundaries of thich shall be
those recommended to the Common Council by the Planning Comission
es specified in the attached Exhibit A.
2. The said tax incremental district is created as of January 1,
3. The Common Council hereby finds and declares that:
than 25%, by area, of the real property within the said
(a) Based upon its consulting engineer's findings, not less
tax incremental district is suitable for industrial sites
within the meaning of section 66.52 of the Wisconsin
Statutes; and
(b) The improvement of such area is likely to enhance
significantly the value of all of the other real property
in the said tax incremental district; and
the said tax incremental district, together with that of
IC) The aggregate value of equalized taxable property of
Tax Incremental District Number One, Tax Incremental
District Number Two, Tax Incremental District Number Three,
District Number Five and Tax Incremental District Number
Tax Incremental District Number Four, Tax Incremental
Six, 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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4. The Planning Commission is hereby authorized and directed to
prepare a Project Plan for Tax Incremental District Number Seven,
pursuant to the provisions of Section 66.46 (4) (d) of the Wisconsin
Statutes, and to submit the said Plan to the Common Council for its
review and approval.
5. The City Clerk is hereby authorized and directed to apply to
the Wisconsin Department of Revenue, in such form as may be prescribed,
pursuant to the provisions of Section 66.46 (5) (b) of the Wisconsin
for a "Determination of Tax Incremental Base", as of January 1, 1979,
6. The City Assessor is hereby authorized and directed to
identify upon the assessment roll returned and examined under
Section 70.45 of the Wisconsin Statutes, those parcels of property
which are within Tax Incremental District Number Seven, 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,
1 Adopted this I/ day of September, 1979.
Mayor
B Attest:
El City Clerk
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