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Commuinity Development Authority - MINUTES - 10/24/2005 CITY OF MUSKEGO Approved 2/1/06 COMMUNITY DEVELOPMENT AUTHORITY (CDA) Audio recording of meeting MINUTES is also available. Monday, October 24, 2005 Chairman Frank Waltz called the meeting of the Community Development Authority to order at 6:30 p.m. Those in attendance recited the Pledge of Allegiance. The meeting was posted in accordance with the Open Meeting Law. PRESENT: Commissioners Suzi Link, Frank Waltz, Alderman Nancy Salentine, Alderman Eric Schroeder and Executive Director Jeff Muenkel. ABSENT: Commissioner Glazier (excused), Commissioner Lidbury (excused) and Commissioner Gail Miles (excused) APPROVAL OF MINUTES Alderman Salentine moved to approve the minutes for the October 4, 2005 meeting. Commissioner Link seconded. Commissioner Link amended the minutes on page 2, change Commissioner Link approved to Commissioner Link moved. Upon a voice vote, the motion to approve the amended minutes carried unanimously. OLD BUSINESS--None NEW BUSINESS Approval of new draft RFP for city-owned Janesville Road property and associated realty signage Executive Director Muenkel outlined the significant changes to the RFP (Request for Proposal).  Added that the corridor now offers tax incremental district financing and the incentives this offers developers.  Changed some zoning guidelines so that they would be easier to understand.  Updated the map and pictures  Defined the neighboring parcel possibility  Added Attachment F which explains TIF district details and detailed map He has talked with a few developers. Also, the residential property is for sale. Commissioner Link inquired with the residential parcel for sale, what would be the zoning implications if the House of Toys wanted to stay but to split off the back of the lot, is it feasible given the zoning in the area? Executive Director said they could do their own planned developments; most likely the parcel would become a part of the planned development depending on what the developer needed. Ald. Salentine asked if the city parcel was in the wellhead protection area? Executive Director Muenkel stated that he believed it was just outside but he will check and make amendments as necessary. Commissioner Waltz stated Attachment E shows the present piece of property with the contiguous land broken up by wetlands. If the 1.8 acres of the RFP is without the wetlands, what does the Planning Department have on file relative to the back lots? Executive Director Muenkel said it is already storm water retention back there. He shared that one thing that would be beneficial for the parcel is that the city does own the back portion and they can make it part of a planned development, making additional density for condo units. Referring to Attachment F, Ald. Schroeder asked how they determined the $504,000 for developer’s incentives to purchase the property? Executive Director Muenkel said it came from the TID amendment when they tried to figure out incentives. The assessor provided the base price for the land, based on sales in the area for the last two years, a fair market price and how much it would cost for land on Janesville Road today. They used $6 per square foot and that came out to so much per acre based on each parcel and basically half was used for an incentive. Ald. Schroeder asked how they came to the 50%, why not 25%, why not 75%? Executive Director CDA Minutes October 4, 2005 - page 2 Muenkel said it could be more, except for the “but for” of the TIF. Commissioner Waltz said the developer has to show need for whatever amount of incentive that they request and the CDA reviews it. The developer will have to provide information that the development can’t happen “but for” the requested incentive. Commissioner Link referred to page 1 where the city has earmarked a little over ½ million dollars of incentives towards land acquisition, structure razing, and utility extension aid and questioned if that was for the entire TIF or just for this property and the related development. Ald. Schroeder was concerned if there would be money in the future for other properties that need it. Executive Director stated that when a developer comes in, their financials will be reviewed for whatever they request and it could be more or less what was earmarked. The CDA can also amend the TID to put money in place for future development if ever necessary. Ald. Schroeder asked the amount of the TID. Commissioner Link stated they amended the map, but did they change the dollars? Executive Director Muenkel stated that the incentives allowed were less than the original TID, which were over $800,000, but he didn’t know exactly how much were in the present TID. Commissioner Link suggested that on page 3 it be added that the city has earmarked up to $566,800 depending on the development and Executive Director Muenkel recommended adding the reasoning why it is up to this amount. Ald Schroeder offered that in Attachment B the appropriate business name be used as several have been changed. Executive Director Muenkel noted the final date for bringing in their concepts would be December 29. He would like to get the RFP notices out later this week. Ald. Salentine moved to approve the RFP with the suggested amendments. Commissioner Link seconded. Upon a voice vote, the motion carried unanimously. Executive Director Muenkel presented a mock-up of a realty sign to advertise the property. The cost would be between $350-$375. There is money in the CDA budget to cover the cost. He stated the sign would be with a wooden back and would be expected to last throughout the winter season past the deadline for RFPs if necessary. Commissioner Link inquired if the City of Muskego or the CDA was selling the property as the sign depicted had City of Muskego. Executive Director Muenkel will have Community Development Authority wording added to the sign. Commissioner Link moved to authorize the concept of the signage as soon as possible even before the RFPs go out. Ald. Salentine seconded. Upon a voice vote, the motion carried unanimously. PUBLIC INPUT—None MISCELLANEOUS BUSINESS AS AUTHORIZED BY LAW: The next meeting date to be determined. ADJOURNMENT: There being no further business, Commissioner Link moved for adjournment, seconded by Ald. Schroeder. Upon a voice vote, the motion carried unanimously. Meeting adjourned at 6:55 p.m. Stella Dunahee, CPS Recording Secretary