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Commuinity Development Authority - MINUTES - 2/12/2003 CITY OF MUSKEGO APPROVED 3/12/03 COMMUNITY DEVELOPMENT AUTHORITY (CDA) MINUTES Wednesday, February 12, 2003 Commissioner Chairman Frank Waltz called the meeting to order at 7:01 P.M. Those in attendance recited the Pledge of Allegiance. The meeting was posted in accordance with the Open Meeting Law. PRESENT: Commissioners Rob Glazier, David Lidbury, Suzi Link (7:05 p.m.), Gail Miles, Frank Waltz, Ald. Rick Petfalski and Ald. Nancy Salentine Also in attendance Finance Director Dawn Gunderson, Mayor Slocomb, Plan Director Brian Turk GUESTS: Ald. LeDoux, Mary Mooney, Katie Klein, John Mooney, Don Reidy APPROVAL OF MINUTES: Ald. Rick Petfalsk moved to approve, as amended, the minutes of the January 15 meeting. Ald. Nancy Salentine seconded. Changes in the minutes were on page 2 (line 2), change sewer mains to water mains, and (line 27) determination preliminary to preliminary determination; on page 3, (line 8) change presence to present. Upon a voice vote, the motion carried unanimously. OLD BUSINESS: TAX INCREMENT DISTRICT #9 (TID #9) PROJECT PLAN STATUS Plan Director Turk informed the members that the Plan Commission did approve the project plan for TID #9. It will now go before the Common Council on February 25 concurrent with Redevelopment District #1 if it is adopted by the CDA. The joint review board is scheduled to meet March 10 to certify the plan and send it on to the Wisconsin Department of Revenue and this will complete the process. NEW BUSINESS: REVIEW WRITTEN COMMENTS AND/OR OBJECTIONS TO THE REDEVELOPMENT DISTRICT #1 BOUNDARIES AND PROJECT PLAN Plan Director Brian Turk advised the CDA members that no additional public input/comments on the Redevelopment District #1 project were received. REDEVELOPMENT DISTRICT #1 PROJECT PLAN DRAFT Commissioners had received a revised draft of the Redevelopment District #1 project plan dated January 28, 2003. Plan Director Turk called their attention to the required amendment on page 14: CDA Minutes, February 12, 2003, page 2 “PRESENT AND POTENTIAL EQUALIZED VALUE FOR PROPERTY TAX PURPOSES The District located in the northeastern portion of the City, encompasses 198.75 acres (including public rights-of-way) and containing 61 properties. The equalized value for the District in January 2002 was $18,598,250. In January 2003 the value of the District was reduced to $17,609.442 as a result of property acquisitions for the pending Waukesha County Department of Transportation road widening and reconstruction project. In 2003 the district is anticipated to lose an additional $553,102. The potential projected equalized value of the area at build-out is expected to be approximately $22,956,425.” This information was presented at the hearing, but was not included in the text draft at the hearing. Commissioner Suzi Link moved, Commissioner Lidbury seconded, to amend the project plan to include the equalized value information. No further discussion. Upon a voice vote, the motion carried unanimously. RESOLUTION #CDA 001-2003 RESOLUTION OF THE CITY OF MUSKEGO COMMUNITY DEVELOPMENT AUTHORITY DESIGNATING THE BOUNDARIES OF THE REDEVELOPMENT DISTRICT NO. 1 PROJECT AREA, FINDING AND DECLARING THAT THE PROPOSED REDEVELOPMENT PLAN FOR THE REDEVELOPMENT DISTRICT NO. 1 PROJECT AREA IS FEASIBLE AND IN CONFORMITY WITH THE GENERAL PLAN OF THE CITY OF MUSKEGO, FINDING AND DECLARING THAT THE PROJECT AREA IS A BLIGHTED AREA, AND APPROVING AND ADOPTING THE REDEVELOPMENT PLAN Commissioner-Chairman Waltz asked if there were any questions on the resolution? He asked if the planner’s blight memorandum was a part of the resolution or separate? Plan Director Turk stated that it was separate and was done in order to provide a record at the public hearing that the CDA considered all the factors that go into making a determination of blight. Commissioner Suzi Link moved to adopt Resolution #CDA 001-2003, Redevelopment District #1, commonly known as the Tess Corners area. Commissioner Glazier seconded. Plan Director Turk commented that with this approval, the resolution would go before Common Council on February 25 for their review. If they choose to approve it by 2/3 votes, it would then come back to the CDA at the March meeting. A resolution would then be made certifying the plan. Once the plan is certified, the Common Council at their next meeting would have a resolution relating to review of building permits prior to issuance in the project area to insure the integrity of the project area. Commissioner Miles inquired what happens if the Common Council makes an amendment? Plan Director Brian Turk stated that it would then come back to the CDA. Upon a roll call vote, the motion carried unanimously. REDEVELOPMENT DISTRICT #2 Commissioner-Chairman Waltz refreshed the CDA commissioners that at the previous meeting they had discussed moving forward with project #2 in the area of Janesville Road/Parkland Mall. They had asked the Plan Department staff to come up with potential boundaries for the scope of the area to be considered. Plan Director Turk elaborated on the alternatives for a new redevelopment district in the Janesville corridor area. He referred to the map provided to the commissioners. On this map, the Alternative #1 area was depicted in dark green, showing properties within TID #8 which was created in 2000. They also were asked to consider alternatives that extended as far west as Pioneer Drive and as far east as Bay Lane. This area (Alternative #2) was depicted by an intermediate green color, leaving out the medical clinic and the library, which are relative new developments. Staff, also, added additional areas for consideration, depicted in CDA Minutes, February 12, 2003, page 3 light green (Alternative #3). This included the Freedom Square condominium properties that are north of Parkland Mall because of the joint interest with the mall property and the city is in the process of acquiring their water utility; the Lakeview Tavern property on Lannon that has property on both sides of the road, and a part of the Basse farm which is in the early stages of going through a development plan. He felt that anything that was in TID #8 was appropriate for the district. He shared with the commissioners that a meeting was held last Friday with the consultants from Vandewalle & Associates. They strongly recommended that the focus should be on this area when discussing downtown, not looking at the linear corridor as downtown. They will be presenting some design concepts for a downtown theme that begins at Lannon Drive and Janesville Road with a focal point there, then extending to Parkland Drive with a focal point there also. He indicated on the map the area that they would be focusing for the downtown. The area included Pick ‘N Save Center, the Walgreens area, the US Bank, Burger King, as well as the other side of the street with Parkland Mall, and extending along the north side of Janesville Road as far east as the Clark gas station. He further mentioned that the corridor from Pioneer to Bay Lane offers development options in the next 5-10 years when the county widens the road. The design concepts from Vandewalle will be available in about 60 to 90 days. He would recommend that the CDA and the Mayor’s Task Force have a joint meeting to review those designs as there are overlapping issues. Plan Director Turk informed the CDA commissioners that they could become involved in issuing “B” bonds to help fund the CDA. They have the option, by statute, of issuing housing revenue bonds or special assessment “B” bonds. In essence, the CDA acts as the banker on the project. They would work with the developer who designs the infrastructure. The city and the CDA publicly bid it as a city project and special assess all the costs associated with it back to the project. They, then, repay the loan through special assessment when they sell the property. Generally, the first property that is sold is 125% of the assessment on the property; therefore, more than halfway through the project the debt to the CDA is paid and the rest of the sale of their lots is profit. This encourages them to sell the lots quickly and the CDA has revenue generation from their low interest loan to providing loans at a higher rate of interest. Commissioners discussed TID #8 and it becoming part of the Redevelopment District #2. If the district is bigger than the TID, the CDA can go back to the joint review board to amend the TID; however, it does not change the time frame for the TID. Alderman Petfalski would like to receive an update on the recalculation of the improvement value of the TID. Alderman Petfalski moved to create the Redevelopment District #2 encompassing all the green-colored areas on the map, the three alternatives, as indicated by Plan Director Turk. Ald. Salentine seconded. Plan Director Turk advised the CDA commissioners that their attorney would like this district project done in three steps: (1) resolution establishing the boundaries, fix the boundaries and know who is going to get the notices, (2) a second resolution reviewing the memo finding blight and declaring blight, and (3) resolution on the project plan which identifies the specific things that are eligible for CDA review and assistance. The attorney felt it was more important to do the process in increments due to sensitive nature. Upon a roll call vote, the motion carried unanimously. Plan Department staff will start preparing the resolution on the boundaries and in April, the statement of blight in the area. CITIZEN COMMENTARY: No comments. CDA Minutes, February 12, 2003, page 4 MISCELLANEOUS BUSINESS AS AUTHORIZED BY LAW Commissioner-Chairman Waltz shared that Commissioners Miles, Lidbury and he attended the January 23 open records seminar. They felt that they had not learned anything newer than what was supplied from the city. He noted that the meeting notices need to be clear enough that the public knows what the meeting is about and that the agendas are posted within the 24 hours. Commissioner-Chairman Waltz inquired if there was any update on the CDA managing the revolving loan account. Plan Director Turk responded that he had discussed it briefly with the Mayor. It hasn’t advanced to Council. He indicated they needed to meet with the finance director and the clerk-treasurer to see what direction to take. ECONOMIC DEVELOPMENT STRATEGIC PLAN STATUS Plan Director Turk reported that the Mayor’s Task Force had met earlier this evening. They had presentations from the Taurean group. The information presented wasn’t what the group expected. The group will be meeting twice in March. They are working on the design concepts for the downtown area, taking into account the visual preference survey that was done at the community vision workshop as well as some of the design principles already adopted for the downtown design guides. They will be coming up with several options for the group to review. This would be within 60-90 days. Commissioner Miles had attended a Chamber of Commerce meeting on economic development. One of the highlights was on what is happening at the county level and how they are trying to associate more with Milwaukee County. Copies of the booklet Waukesha County 2020 are available on request. NEXT MEETING: The next meeting is scheduled for Wednesday, March 12, 7:00 p.m., Muskego City Hall. Commissioner Link will be chairing this meeting. Agenda items will include RD #2 issues. ADJOURNMENT: There being no further business, Ald. Petfalski moved to adjourn. Commissioner Glazier seconded. Upon a voice vote, the motion carried unanimously. Meeting adjourned at 7:45 p.m. Stella Dunahee, CPS Recording Secretary CDA Minutes, February 12, 2003, page 5