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CCR2016012-TIF 10 Sewer Project COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #012-2016 APPROVAL OF TAX INCREMENTAL DISTRICT NO. 10 SANITARY SEWER PROJECT WHEREAS, Tax Incremental District No. 10 (the “District”) was created by the City of Muskego (the “City”) in 2007. The District consists of the Muskego Commerce Center on the east and west sides of Moorland Road just south of College Avenue; and WHEREAS The District Project Plan was approved to allow the city to undertake expenditures for various infrastructure projects as well as allowing developer incentives when found to be required; and WHEREAS It has been found that the sanitary sewer main in Commerce Center Parkway on the east side of Moorland Road necessitates extension to appropriately allow development to occur in this area; and WHEREAS The city is in receipt of a proposal for a 80,000 square foot business structure from Interstate Partners that has private investment costs of approximately $3,750,000 and is to be built during 2016; and WHEREAS But for this sanitary sewer extension this development would not occur; and WHEREAS It is proposed that the city undertake the sanitary sewer extension project utilizing TID 10 fund balance and the approximate projects costs will be around $70,000; and WHEREAS Utilizing TID 10 fund balance for the sanitary sewer project keeps the TID on a timeline to close as originally proposed when TID 10 was adopted. NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego does hereby approve a sanitary sewer extension project along Commerce Center Parkway with the utilization of TID 10 fund balance. BE IT FURTHER RESOLVED That Interstate Partners must receive Plan Commission approvals for the 80,000 sqaure foot business structure before the city begins the letting process of the sanitary sewer extension contract. rd DATED THIS 23 DAY OF FEBRUARY , 2016. SPONSORED BY: FINANCE COMMITTEE This is to certify that this is a true and accurate copy of Resolution #012-2016 which was adopted by the Common Council of the City of Muskego. _______________________________ Clerk-Treasurer