CCR2012090-TIF8Amendment
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #090-2012
A RESOLUTION TO BEGIN OFFICIAL PROCEEDINGS FOR AN AMENDMENT TO
TAX INCREMENTAL FINANCE DISTRICT #8 WITHIN THE
CITY OF MUSKEGO
WHEREAS, The Community Development Authority (CDA) has requested that the Common Council
authorize the initiation of an amendment to Tax Incremental Finance (TIF) District #8 at their
September 18, 2012 meeting; and
WHEREAS, The CDA has found that there is good reason to amend the existing TIF #8 Project Plan
and geographical boundaries as the possibility of increased tax increment and redevelopment
potential has been found along the boundaries of the existing TIF #8 boundaries; and
WHEREAS, The CDA believes that amending TIF #8 may lead to closing the TIF earlier than
anticipated which will benefit all taxing districts in the future; and
WHEREAS, Upon approval the CDA will meet to discuss the proposed amendments and will then
proceed thru the necessary state statute process of public hearings and Joint Review Board
meetings for an official amendment to TIF #8; and
WHEREAS, The Common Council will ultimately be an approving body of any amendments
proposed for TIF #8 after the CDA has carried out the appropriate public hearings and reviews; and
WHEREAS, The Developer and the City will follow the TIF guidelines as set forth by the Wisconsin
Department of Revenue.
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego does
hereby approve the exploration of a TIF #8 District amendment within the City of Muskego.
BE IT FURTHER RESOLVED, That the Community Development Authority (CDA) will be the body to
hold the required public hearing and be the recommending body to the Common Council since the
proposed development is within approved Redevelopment District #2.
BE IT FURTHER RESOLVED, That the City financial consultant Hutchinson, Shockey, Erley & Co.
be the consultants to manage the TIF process. Hutchinson, Shockey, Erley & Co. will act in the
City’s interest and will provide the necessary legal counsel.
TH
DATED THIS 25 DAY OF SEPTEMBER , 2012.
SPONSORED BY:
Mayor Kathy Chiaverotti
This is to certify that this is a true and accurate copy of Resolution #090-2012 which was adopted by
the Common Council of the City of Muskego.
__________________________
Clerk-Treasurer