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CCR1979171,. ..- . . A RESOLUTION CREATING, DESCRIBING AND MAKING RESOLUTION #171-79 CERTAIN FINDINGS CONCERNING TAX INCREMENTAL DISTRICT NUMBER ONE. CITY OF MUSKEGO WHEREAS, the overall development of the southwest portion of the City of Muskego is recognized as a major need of the City; and - WHEREAS, the City of Muskego desires to create a tax incremental district, in accordance with the provisions of Section 66.46 of the isconsin Statutes (the "Tax Increment Law"), in order to provide a 1$ iable method of financing the costs of needed public improvements within the said district and thereby create incentives and opportunities for appropriate private development, including n'ew development and improvement of existing development, which will contribute to the overall development of the southwest portion of the City; and WHEREAS, in accordance. with the procedures specified in the Tax Increment Law, the Planning Commission, on September 4, 1979, held a public hearing concerning the proposed creation of a tax incremental district in the City of Muskego, and .thereafter designated the boundaries of the proposed tax incremental district and recommended to the Common Council that it create such tax incremental district within the area enclosed by the said boundaries, as specified in the (ss undary description attached to this resolution as Exhibit A hereof, nd entitled "Boundary Description of Tax Incremental District Number One, City of Muskego"; and ., 1 I WHEREAS, prior to its publication, a copy of the notice of the said public hearing was sent to the chief executive officers of the Waukesha County Board of Supervisors and the District Board of the Waukesha County Vocational, Technical a~nd Adult Education District (the other entities having the power to levy taxes on property located within ths' proposd district; an5 ?ne Szhool Zoarii of the ;.i~sksga- Norway School District (the school board of the school district which includes property located within the proposed district), in accordance with the procedures specified in the Tax Increment Law; NOW, THEREFORE, BE IT RESOLVED BY THE CO!4iiON COUNCIL OF THE CITY OF MUSKEGO, as fOllows: 1. Pursuant to the Tax Increment Law, there is hereby created in the City of Muskego a tax incremental district, to be knrwn as "Tax Incremental District Number One, City of ?.:z<!;cq?'' t!le (Ip undaries of which shall be thosG 1-ecommended to the Common Council y the Planning Commission, zs specified in the attached Exhibit A. 1979. 2,. The said tax incremental district is created as of January 1, 3. The Common Council hereby finds and declares that: the said tax incremental district is a "blighted area" (a) Not les? than 25%, by area, of the real property within within the meaning of Section 66.46 (2) (a) of the Wisconsin Statutes; and significantly the value of all of the other real property (b) The improvement of such area is likely to enhance in the said tax incremental district; and the said tax. incremental district, together with that of (c) The aggregate ,value of equalized taxable property of Tax Incremental District Number Two, Tax Incremental Four, Tax Incremental District Number Five, Tax Incremental District Number Three, Tax Incremental District Number District Number Six and Tax Incremental District Number Seven, does not exceed 5% of the total value of equalized taxable property within the City of Muskego, there bging no more tax incremental districts in the City of Muskego. _. 4. The Planning Commission is hereby authorized and directed to prepare a Project Plan for Tax Incremental District Number One, pursuant to the provisions of Section 66.46 (4) (d) of the Wisconsin Statutes, and to submit said Plan to the Common Council for its review and approval. I 5. The City Clerk is hereby authorized and directed to apply to ~ * for a "Determination of Tax Incremental Base", as of January 1, 1979, i the Wisconsin Department Of Revenue, in such form as may be prescribed, pursuant to the provisions of Section 66.46(5) (b) of the Wisconsin Statutes. I ! 6. The City Assessor is hereby authorized and directed to ! identify apon the assessmnt ifill retdrfid zd cxzrpined czSer ! Section 70.45 of the Wisconsin Statutes, those parcels of property which are within Tax Incremental District Number One, specifying I Clerk is hereby authorized and directed to make similar notations on thereon the name of the said tax incremental district, and the City the tax roll made under Section 70.65 of the Wisconsin Statutes, pursuant to Section 66.46(5) (f) of the Wisconsin Statutes. Adopted this /I day of September, 1979. ! Mayor Attest: City Clerk