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CCR2012111-TIF 8 Amendment (2) COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #111-2012 A RESOLUTION AMENDING, DESCRIBING AND MAKING CERTAIN FINDINGS FOR APPROVING A PROJECT PLAN AMENDMENT AND AMENDED BOUNDARIES FOR TAX INCREMENTAL DISTRICT NO. 8, CITY OF MUSKEGO, WISCONSIN WHEREAS, The overall development of the City of Muskego is recognized as a major need of the City; and WHEREAS, Tax Incremental District No. 8 (the “District”) was created by the City of Muskego (the “City”) in 2000 and amended in 2005. The District consists various properties located on the north and south sides of Janesville Road between Lannon Drive and Bellview Drive; and WHEREAS, In order to further the goals contained in the original Project Plan for the District, the City now finds it desirable to amend the District’s boundaries to add additional property and to amend the Project Plan to provide for the undertaking of additional expenditures; and WHEREAS, the Community Development Authority, after completing preliminary planning work, scheduled, gave public notice of, and on November 20, 2012 held a public hearing wherein interested parties were afforded a reasonable opportunity to express their views on the proposed amendment of the District, and the proposed boundaries and the proposed amendment to the Project Plan thereof in accordance with the procedures specified in the Tax Increment Law; and WHEREAS, prior to its publication, a copy of the notice of said hearing was sent to the chief executive officer of Waukesha County, the Muskego-Norway School District, and the Waukesha County Technical College District, and the other entities having the power to levy taxes on property located within the District, in accordance with the procedures specified in the Tax Increment Law; and WHEREAS, the Community Development Authority, after due consideration following the said public hearing, determined that the amendment of the District to the area described by the boundary description attached to this resolution as Exhibit A will provide the City with a viable method of financing the cost of needed public improvements and other project costs within the area, thereby providing incentives and opportunities for appropriate private development, including new development and improvement of existing development, which will contribute to the overall development of the City, and WHEREAS, the Community Development Authority has prepared a Boundary and Project Plan Amendment to the District attached as Exhibit B (the “amendment”), which includes, if applicable: a. Statement listing of the kind, number and location of all proposed public works or improvements within the District, or to the extent provided in Section 66.185(2)(f)1., Wisconsin Statutes, outside of the District; b. An economic feasibility study; c. A detailed list of estimated new and amended project costs; d. 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; e. A map showing existing uses and conditions; f. A map showing proposed improvements and uses; g. Proposed changes of zoning ordinances, master plan, map, building codes and City ordinances; h. A list of estimated non-project costs; i. A statement of the proposed method for the relocation of any persons to be displaced; j. A statement indicating how amendment of the District promotes orderly development of the City; k. Estimate of Additional Territory to be devoted to retail business; l. Equalized value test; m. Additional Territory – annexed property; and WHEREAS, the Community Development Authority has submitted such Amendment to the City Council and recommended approval thereof; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Muskego as follows: 1. Pursuant to the Tax Increment Law, there are hereby amended the boundaries of, in the City of Muskego, as of January 1, 2012, a District known as "Tax Incremental District No. 8, City of Muskego", the boundaries of which shall be those recommended to the City Council by the Community Development Authority, as specified in the attached Exhibit A, and; 2. The City Council hereby finds and declares that: (a) The improvement of such area is likely to enhance significantly the value of substantially all of the other real property in the District; and (b) The equalized value of taxable property of the as District, as amended, plus the value increment of all other existing tax incremental districts within the City, does not exceed 12% of the total equalized value of taxable property within the City; and (c) The City estimates that approximately 75% of the territory within the District, as amended, will be devoted to retail business at the end of the District’s maximum expenditure period, pursuant to Section 66.185(6)(am)1 of the Wisconsin Statutes; and BE IT FURTHER RESOLVED THAT the City Council of the City of Muskego approves the Amendment to the Project Plan adopted by the Community Development Authority, attached as Exhibit B, and finds that: 1. Such Amendment for the District in the City is feasible, and; 2. Such Amendment is in conformity with the master plan of the City. The City Clerk - Treasurer is hereby authorized and directed to apply to the Wisconsin Department of Revenue, in such form as may be prescribed, for a "Determination of Tax Incremental Base", as of January 1, 2012, pursuant to the provisions of Section 66.185(5)(b) of the Wisconsin Statutes. 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 the District, specifying thereon the name of the said District, and the City Clerk - Treasurer - Treasurer is hereby authorized and directed to make similar notations on the tax roll made under Section 70.65 of the Wisconsin Statutes, pursuant to Section 66.185(5)(f) of the Wisconsin Statutes. DATED THIS _______ DAY OF ____ ____, 2012. SPONSORED BY: Mayor Kathy Chiaverotti Ald. Rob Wolfe Ald. Rob Glazier This is to certify that this is a true and accurate copy of Resolution #111-2012 which was adopted by the Common Council of the City of Muskego. _____________________________ Clerk-Treasurer EXHIBIT A - BOUNDARY DESCRIPTION All that part of the Northwest ¼ and the Southwest ¼ of Section 10, and the Northeast ¼ and the Southeast ¼ of Section 9, Town 5 North, Range 20 East, City of Muskego, Waukesha County, Wisconsin, bounded and described as follows: Commencing at the Northwest corner of a property identified by Tax-key no. 2198-990-003 said point also being the point of beginning; thence Easterly along the North line of said property 106.00 feet, to the Easterly line of said property; thence Southerly along said East line extended 295 feet more or less, to the South right of way line of Janesville Road (C.T.H. “L”); thence Northeasterly along said South line 710 feet more or less to the Northeast corner of Lot 4, Certified Survey Map No. 10029; thence Northerly 120 feet more or less to the Southwest corner of a property identified by Tax-key no. 2198-984-001; thence Northerly along the West line of said property 417.31 feet to the North line of said property; thence Easterly along said North line 222.79 feet, to the West right-of-way line of Parkland Drive; thence Northerly 73 feet more or less to the intersection of the Easterly right of way line of said Parkland Drive and the Southerly line of Outlot 4, Parkland No. 3 Subdivision; thence Easterly along said South line 125.08 feet to an East line of said Outlot 4; thence Northerly along said East line 153.00 feet, to a South line of said Outlot 4; thence Northeasterly along said South line 263.00 feet, to an angle point; thence Northeasterly along said South line 285.00 feet, to a South line of said Outlot 4; thence Easterly along said South line 96.14 feet, to the West line of Parcel B, Certified Survey Map No. 103; thence Northerly along said West line and along the West line of Outlot 1, Certified Survey Map No. 10221 a distance of 648 feet more or less to the North line of said Outlot 1; thence Easterly along said North line 540.70 feet to the East line of said Outlot 1; thence Southerly along said East line and also the East line of the property identified by Tax-key no. 2198-995 a distance of 582 feet more or less to an angle point; thence Southeasterly along the Easterly line of said property extended, 126 feet more or less, to the existing Southerly right of way line of Janesville Road (C.T.H. “L”); thence Northeasterly along said right of way line 422 feet more or less to the West Bay Lane Drive right of way line; thence Southerly along said West line 424 feet more or less to Northeast corner of Lot 3, Certified Survey Map No. 1876; thence Westerly along the a North line of said Certified Survey Map 254.02 feet to an angle point; thence Southwesterly along an extended North line of said Certified Survey Map 276 feet more or less to the South line of a property identified by Tax-key no. 2198-977; thence Westerly along said South line 152.95 feet, to the West line of said property; thence Northerly along said West line 126 feet more or less to the Southerly Janesville Road (C.T.H. “L”) right of way; thence Northerly 169 feet more or less to the Southeast corner of Lot 1, Certified Survey Map No. 10766, said point also lying on the Northerly Janesville Road ultimate right of way line; thence Southwesterly along said Northerly line 1,018 feet more or less to the Westerly Parkland Drive Right of way line; thence Southerly 120 feet more or less to the Northeast corner of Lot 1, Certified Survey Map No. 10029; thence Southerly along the West Parkland Drive right of way 915 feet more or less to the South line of said Certified Survey Map No. 10029; thence Westerly along the South line of said Certified Survey Map No. 10029, and Parcel 1 of Certified Survey Map No. 6635, a distance of 1260.65 feet, to the East right-of-way line of Lannon Drive; thence Northerly along said East line 50.00 feet to the Southerly line of Parcel 1, Certified Survey Map No. 7919; thence Easterly along said South line 228.00 feet to an angle point; thence Easterly on said South line 100.21 feet to the Easterly line of said Parcel 1; thence Northwesterly along said East line 350 feet more or less to the centerline of Janesville Road (C.T.H. “L”); thence Southwesterly along said centerline 263 feet more or less to the intersection of said centerline and the West extended Lannon Drive right of way line; thence Southerly along said right of way line 496 feet more or less to the North line of Lot 3, of Chesterhill Subdivision; thence Westerly along the North line of said Lot 3 and Lot 10, of Westview Subdivision 320.0 feet to the Northwest corner of said Lot 10; thence Westerly 52 feet more or less to the Northeast corner of Certified Survey Map No. 123; thence Southwesterly along the North line of said Certified Survey Map 304.98 feet to the Southeast corner of Certified Survey Map No. 2667; thence Southwesterly along the South line of said Certified Survey Map 135.00 feet to the Southwest corner said Certified Survey Map; thence Northwesterly along the West line of said Certified Survey Map 223.44 feet, to the Northwest corner of said Certified Survey Map, said line also being the Southerly Janesville Road ultimate right of way line; thence Northeasterly along said right of way line 366 feet more or less to the East Michi Drive extended right of way line; thence Northwesterly along said East line 369 feet more or less, to the North line of a property identified by Tax-key no. 2193-088; thence Easterly along said North line extended 223 feet more or less to the East Lake Drive right of way line; thence Northerly along said East line 87 feet more or less to the North line of a property identified by Tax-key no. 2193-059; thence Easterly along said North line 167 feet more or less to the West Center Drive right of way line; thence Northeasterly 67 feet more or less to the Northwest corner of Lot 28, of the First Addition to Krogmanns Subdivision; thence Easterly along said North line extended 291 feet more or less to the East Lannon Drive right of way line; thence Northerly along said East line 98 feet more or less, to the Northwest corner of a property identified by Tax-key no. 2198-990-003 said point also being the point of beginning. CITY OF MUSKEGO, WISCONSIN TAX INCREMENTAL DISTRICT NO. 8 AMENDMENT NO. 2 TO THE PROJECT PLAN NOVEMBER 2012 Prepared By The City of Muskego, Wisconsin Department of Community Development And Hutchinson, Shockey, Erley & Co. AMENDMENT NO. 2 TO THE CITY OF MUSKEGO TAX INCREMENTAL DISTRICT NO. 8 AND THE RELATED PROJECT PLAN City of Muskego Tax Incremental District No. 8 (TID 8) and the supporting project plan as amended by Amendment No. 1 (“Project Plan”) are hereby amended as follows: 1. The property shown on Exhibit 1 attached hereto is added to TID 8 and included in the Project Plan. The Tax Key numbers are listed in Exhibit No. 2. 2. The property to be added is zoned both B-3 General Business District and B-4 Highway Business District which conforms to the existing zoning and use of the property in TID 8. 3. The current equalized value of the property to be added is $5,037,800. 4. The new District boundaries after the addition of the new parcels are identified in Exhibit 3 (Map) and Exhibit 4 (Legal Description). 5. There are no public improvements associated with the addition of these parcels. 6. The city intends to complete various parcel improvement projects with $375,000 of existing TID 8 monies leftover from previous TID 8 projects. This $375,000 does not have to be borrowed new. Thus the intent is to use this money for redevelopment projects that will increase tax increment and in some cases payback the original amounts of money invested by Muskego which in turn should help TID 8 be paid off faster and realize higher tax base properties. No developer incentive will be provided without an appropriate developer’s agreement and financial feasibility analysis. The various parcel improvement projects mentioned may include projects such as working with local property owners within the TID 8 on assembling redevelopments that the city may partner with low interest loans via the TID 8. Or, to acquire various lands within TID 8 currently owned by Waukesha County, remediate them appropriately, and then get them back on the tax roll in an expedient and efficient manner 7. The city further intends to complete various parcel improvement projects with newly borrowed monies on a case by case basis should the original $375,000 be used and so as the project demonstrates it will benefit the overall TIF (Ex. Paying it down faster, etc.). The city will not exceed $600,000 in used monies as part of this amendment and all monies used will first demonstrate that a benefit to the overall TIF has been found by the Common Council (Ex. That the incentive will aid the closure of the TID sooner than projected). The city will utilize all other possible funds outside of borrowing any new monies for this TIF amendment as well if the initial $375,000 is ever exceeded. In the event that the City needs to spend more than the $600,000 it will reconvene the Joint Review Board and seek its approval before proceeding. 8. All other provisions of the original and amended Project Plan, except as modified by this Amendment No. 2, continue to be appropriate for the District and remain in full force and effect. EXHIBIT 1 EXHIBIT 2 Blue = New properties added to TID 8 / Purple = Existing properties in TID 8 TAX KEY NO OWNER NAME PROPERTY ADDRESS  APPROX.  ACRES Land Value Improv Value Total Value  MSKC2193059 LAWRENCE & G FISCHER S75W17308 JANESVILLE 0.6  $    183,000   $      685,300   $      868,300   MSKC2193069 FOUR H'S INVESTMENTS LLC W172S7505 LANNON DR 0.41  $    106,200   $      273,200   $      379,400   MSKC2193070 JAY PETROLEUM INC S75W17226 JANESVILLE 0.24  $      39,200   $                ‐     $        39,200   MSKC2193086 WAUKESHA COUNTY S75W17374 JANESVILLE 0.23  $              ‐     $                ‐     $                ‐     MSKC2193088 JAMES POULOS S75W17358 JANESVILLE 0.85  $    247,600   $      434,400   $      682,000   MSKC2196032 SDS2 MANAGEMENT COMPANY LLC S75W17301‐51 JANESVILLE 2.41  $    441,000   $      589,800   $   1,030,800   MSKC2196952 WAUKESHA COUNTY S75W17237 JANESVILLE 0.48  $              ‐     $                ‐     $                ‐     MSKC2196954 WAUKESHA COUNTY S75W17363 JANESVILLE 0.22  $              ‐     $                ‐     $                ‐     MSKC2196955 RALPH LLANAS S75W17385 JANESVILLE 0.17  $      10,800   $                ‐     $        10,800   MSKC2196957 CHRISBEN I LLC S75W17461 JANESVILLE 0.29  $      89,300   $      158,200   $      247,500   MSKC2196957001 CHRISBEN II LLC S75W17475 JANESVILLE 0.17  $      52,500   $      241,900   $      294,400   MSKC2196956 AMERITECH   0  $              ‐     $                ‐     $                ‐     MSKC2198977 S & B Ferrito Properties LLC S73 W16581 Bellview Dr 0.53  $      63,700   $      155,200   $      218,900   MSKC2198978 Your Auto Wash LLC S73 W16555 JANESVILLE 0.77  $    224,400   $      130,100   $      354,500   MSKC2198950 H & C PROPERTIES LLC S73 W16511 JANESVILLE 0.44  $    119,700   $      305,300   $      425,000   MSKC2198949 H & C PROPERTIES LLC S73 W16485 JANESVILLE 0.97  $    236,500   $      250,500   $      487,000   MSKC2198948 WAUKESHA COUNTY S73 W16437 JANESVILLE 0.86  $              ‐     $                ‐     $                ‐     MSKC2198981 MICHAEL FITZGERALD S74W16834 JANESVILLE 0.34  $    105,000   $      241,100   $      346,100   MSKC2198984001 MUSKEGO PARTNERS LLC S74W16890 JANESVILLE 2.66  $    812,000   $      761,500   $   1,573,500   MSKC2198984002 MUSKEGO PH LLC S73W16730 JANESVILLE 2.18  $    272,200   $      189,500   $      461,700   MSKC2198984003 CITY OF MUSKEGO   0.86  $              ‐     $                ‐     $                ‐     MSKC2198984005 JERRY MEHLHAFF   0.76  $      73,600   $                ‐     $        73,600   MSKC2198984006  SCHURMAN REAL ESTATE VENTURES  LLC S73W16770 JANESVILLE 1.62  $    204,800   $      340,100   $      544,900   MSKC2198990003 ST FRANCIS SVGS & LOAN S74W17100 JANESVILLE 0.68  $    237,000   $      432,700   $      669,700   MSKC2198990004 DR JODIE GRUENSTERN LLC S73W16790 JANESVILLE 0.67  $    182,700   $      362,500   $      545,200   MSKC2198991001 BHATTI ENTERPRISES LLC S73W16680 JANESVILLE 1.01  $    188,300   $      182,400   $      370,700   MSKC2198991003 CITY OF MUSKEGO   0  $              ‐     $                ‐     $                ‐     MSKC2198991004 K & V PROPERTY MANAGEMENT LLC S73W16610 JANESVILLE 2.06  $    595,500   $      671,900   $   1,267,400   MSKC2198993 JOSEPH D KONKEL S73W16582 JANESVILLE 1.18  $    147,900   $      196,900   $      344,800   MSKC2198995 ROBERT HOORMANN S73W16554 JANESVILLE 0.83  $    151,400   $                ‐     $      151,400   MSKC2199999002 NORTH SHORE BANK S74W17095 JANESVILLE 1.1  $    357,700   $   1,131,500   $   1,489,200   MSKC2199999022  MUSKEGO DEVELOPMENT COMPANY  LLC S74W17009 JANESVILLE 3.84  $    703,100   $   1,196,900   $   1,900,000   MSKC2199999063 MUSKEGO PROPERTIES LLC S74W17025 JANESVILLE 1.72  $    523,500   $   1,588,700   $   2,112,200   MSKC2199999064 MCADAMS REALTY MUSKEGO LLP   2.16  $    394,800   $                ‐     $      394,800   MSKC2199999065 MCADAMS REALTY MUSKEGO LLP S74W17005 JANESVILLE 5.51  $ 1,008,500   $   2,917,900   $   3,926,400   MSKC2199999066 MCADAMS REALTY MUSKEGO LLP   0.78  $           300   $                ‐     $             300   TOTALS for Existing parcels 29.96  $ 5,958,300    $ 10,213,600    $ 16,171,900   TOTALS for New parcels 9.64  $ 1,813,900    $   3,223,900    $   5,037,800   Grand Totals 39.60  $ 7,772,200    $ 13,437,500    $ 21,209,700   EXHIBIT 3 EXHIBIT 4 Legal Description All that part of the Northwest ¼ and the Southwest ¼ of Section 10, and the Northeast ¼ and the Southeast ¼ of Section 9, Town 5 North, Range 20 East, City of Muskego, Waukesha County, Wisconsin, bounded and described as follows: Commencing at the Northwest corner of a property identified by Tax-key no. 2198-990- 003 said point also being the point of beginning; thence Easterly along the North line of said property 106.00 feet, to the Easterly line of said property; thence Southerly along said East line extended 295 feet more or less, to the South right of way line of Janesville Road (C.T.H. “L”); thence Northeasterly along said South line 710 feet more or less to the Northeast corner of Lot 4, Certified Survey Map No. 10029; thence Northerly 120 feet more or less to the Southwest corner of a property identified by Tax-key no. 2198- 984-001; thence Northerly along the West line of said property 417.31 feet to the North line of said property; thence Easterly along said North line 222.79 feet, to the West right- of-way line of Parkland Drive; thence Northerly 73 feet more or less to the intersection of the Easterly right of way line of said Parkland Drive and the Southerly line of Outlot 4, Parkland No. 3 Subdivision; thence Easterly along said South line 125.08 feet to an East line of said Outlot 4; thence Northerly along said East line 153.00 feet, to a South line of said Outlot 4; thence Northeasterly along said South line 263.00 feet, to an angle point; thence Northeasterly along said South line 285.00 feet, to a South line of said Outlot 4; thence Easterly along said South line 96.14 feet, to the West line of Parcel B, Certified Survey Map No. 103; thence Northerly along said West line and along the West line of Outlot 1, Certified Survey Map No. 10221 a distance of 648 feet more or less to the North line of said Outlot 1; thence Easterly along said North line 540.70 feet to the East line of said Outlot 1; thence Southerly along said East line and also the East line of the property identified by Tax-key no. 2198-995 a distance of 582 feet more or less to an angle point; thence Southeasterly along the Easterly line of said property extended, 126 feet more or less, to the existing Southerly right of way line of Janesville Road (C.T.H. “L”); thence Northeasterly along said right of way line 422 feet more or less to the West Bay Lane Drive right of way line; thence Southerly along said West line 424 feet more or less to Northeast corner of Lot 3, Certified Survey Map No. 1876; thence Westerly along the a North line of said Certified Survey Map 254.02 feet to an angle point; thence Southwesterly along an extended North line of said Certified Survey Map 276 feet more or less to the South line of a property identified by Tax-key no. 2198-977; thence Westerly along said South line 152.95 feet, to the West line of said property; thence Northerly along said West line 126 feet more or less to the Southerly Janesville Road (C.T.H. “L”) right of way; thence Northerly 169 feet more or less to the Southeast corner of Lot 1, Certified Survey Map No. 10766, said point also lying on the Northerly Janesville Road ultimate right of way line; thence Southwesterly along said Northerly line 1,018 feet more or less to the Westerly Parkland Drive Right of way line; thence Southerly 120 feet more or less to the Northeast corner of Lot 1, Certified Survey Map No. 10029; thence Southerly along the West Parkland Drive right of way 915 feet more or less to the South line of said Certified Survey Map No. 10029; thence Westerly along the South line of said Certified Survey Map No. 10029, and Parcel 1 of Certified Survey Map No. 6635, a distance of 1260.65 feet, to the East right-of-way line of Lannon Drive; thence Northerly along said East line 50.00 feet to the Southerly line of Parcel 1, Certified Survey Map No. 7919; thence Easterly along said South line 228.00 feet to an angle point; thence Easterly on said South line 100.21 feet to the Easterly line of said Parcel 1; thence Northwesterly along said East line 350 feet more or less to the centerline of Janesville Road (C.T.H. “L”); thence Southwesterly along said centerline 263 feet more or less to the intersection of said centerline and the West extended Lannon Drive right of way line; thence Southerly along said right of way line 496 feet more or less to the North line of Lot 3, of Chesterhill Subdivision; thence Westerly along the North line of said Lot 3 and Lot 10, of Westview Subdivision 320.0 feet to the Northwest corner of said Lot 10; thence Westerly 52 feet more or less to the Northeast corner of Certified Survey Map No. 123; thence Southwesterly along the North line of said Certified Survey Map 304.98 feet to the Southeast corner of Certified Survey Map No. 2667; thence Southwesterly along the South line of said Certified Survey Map 135.00 feet to the Southwest corner said Certified Survey Map; thence Northwesterly along the West line of said Certified Survey Map 223.44 feet, to the Northwest corner of said Certified Survey Map, said line also being the Southerly Janesville Road ultimate right of way line; thence Northeasterly along said right of way line 366 feet more or less to the East Michi Drive extended right of way line; thence Northwesterly along said East line 369 feet more or less, to the North line of a property identified by Tax-key no. 2193-088; thence Easterly along said North line extended 223 feet more or less to the East Lake Drive right of way line; thence Northerly along said East line 87 feet more or less to the North line of a property identified by Tax-key no. 2193-059; thence Easterly along said North line 167 feet more or less to the West Center Drive right of way line; thence Northeasterly 67 feet more or less to the Northwest corner of Lot 28, of the First Addition to Krogmanns Subdivision; thence Easterly along said North line extended 291 feet more or less to the East Lannon Drive right of way line; thence Northerly along said East line 98 feet more or less, to the Northwest corner of a property identified by Tax-key no. 2198-990-003 said point also being the point of beginning.