CCR2007116.'
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AMENDED
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #116-2007
A RESOLUTION ALLOWING A DEVELOPER TO BEGIN OFFICIAL
PROCEEDINGS FOR A TAX INCREMENTAL FINANCE DISTRICT WITHIN THE
CITY OF MUSKEGO
WHEREAS, A request to initiate a process for the creation of a new Tax Incremental
Finance (TIF) District was received in the Planning Department on May 17, 2007 and
the appropriate fees were paid; and
WHEREAS, The request for a new TIF District is for the parcel formerly known as the
Parkland Mall (Tax Key Number 2198.984); and
WHEREAS, When a developer requests the creation of a TIF District, the Common
Council first grants a resolution to proceed; and
WHEREAS, The Common Council shall determine which Committee (Plan
Commission or Community Development Authority) must hold the public hearings
and be the recommending body for a new or amended TIF District; and
WHEREAS, The proposed TIF is within Redevelopment District #2, which is
administered by the Community Development Authority; and
WHEREAS, For a TIF District to be officially amended or approved, formal approvals
of the TIF must be received at the recommending board (Plan Commission or
Community Development Authority), the Common Council, and a Joint Review
Board; and
WHEREAS, The developer has an accepted offer on the former Parkland Mall
property contingent on a TIF district being approved by the City; and
WHEREAS, The developer hopes to receive a TIF approval via the proper channels
for a TIF District that allows funds for land acquisition, utilities, and other
development costs; and
WHEREAS, The developer intends to develop the property within a timeframe that
will generate a tax base sufficient to payoff any requested TIF monies and the
developer realizes a Developer's Agreement, sureties, and TIF expenditure methods,
such as "pay as you go", will be needed by the Common Council during the approval
process; and
WHEREAS, The Developer and the City will follow the TIF guidelines as set forth by
the Wisconsin Department of Revenue.
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Resolution #116-2007 Page 2
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of
Muskego does hereby approve the exploration of a new TIF District within the City of
Muskego for the parcels around the former Parkland Mall property (Known as Tax
Key Number 2198.984).
BE IT FURTHER RESOLVED, That the Community Development Authority (CDA) be
the body to hold the required public hearing and be the recommending body to the
Common Council since the proposed development is within the CDA administered
Redevelopment District #2.
BE IT FURTHER RESOLVED, That the required developer's deposit of $2000 is paid
before the official TIF process begins and that costs associated with the TIF process
from attorneys, consultants, and staff be paid from this deposit.
BE IT FURTHER RESOLVED, That the City financial consultant Ehler's and
Associates be the consultants to manage the TIF process. Ehler's will act in the
City's interest while being compensated under the developer's deposit.
BE IT FURTHER RESOLVED, That the Common Council will require a Developer's
Agreement and sureties (Letters of credit or other) to be employed as part of any
future TIF approval by the Council. Further, the Council would like to see the TIF
expenditure method known as "pay as you go" be used for all or the majority of the
proposed TIF. The "pay as you go" method only requires expenditure of funds to a
developer once specific phases of a proposed development are completed and new
tax dollars are realized, thus relieving some burden of debt on the City.
DATED THIS DAY OF Mav ,2007. 22nd
SPONSORED BY:
Mayor John R Johnson
This is to certify that this is a true and accurate copy of Resolution #116-2007 which
was adopted by the Common Council of the City of
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uskego.
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COMMON COUNCIL - CITY OF MUSKEGO V
RESOLUTION #116-2007 ~'
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A RESOLUTION ALLOWING A DEVELOPER TO BEGIN OFFICIAL
PROCEEDINGS FOR A TAX INCREMENTAL FINANCE DISTRICT WITHIN THE
CITY OF MUSKEGO
i
l
WHEREAS, A request to initiate a process for the creation ofiá new Tax Incremental
Finance (TIF) District was received in the Planning Departmønt on May 17, 2007 and
the appropriate fees were paid; and /'
1
,
WHEREAS, The request for a new TIF District is for the}'parcel formerly known as the
Parkland Mall (Tax Key Number 2198.984); and /
/
WHEREAS, When a developer requests the crea;ton of a TIF District, the Common
Council first grants a resolution to proceed; an1
WHEREAS, The Common Council shall/ determine which Committee (Plan
Commission or Community Development/uthority) must hold the public hearings
and be the recommending body for a .~ew r amended TIF District; and
WHEREAS, The proposed TIF is ithin Redevelopment District #2, which is
administered by the Community Dev~ opment Authority; and
"
WHEREAS, For a TIF District to ~ officially amended or approved, formal approvals
of the TIF must be received þt the recommending board (Plan Commission or
Community Development Au)f1ority), the Common Council, and a Joint Review
Board; and í
;
WHEREAS, The develoli~r has an accepted offer on the former Parkland Mall
property contingent on cy11F district being approved by the City; and
/
WHEREAS, The dey.e'loper hopes to receive a TIF approval via the proper channels
for a TIF DistricV that allows funds for land acquisition, utilities, and other
development costs'; and
/
WHEREAS, The developer intends to develop the property within a timeframe that
will generate' a tax base sufficient to payoff any requested TIF monies and the
developer realizes a Developer's Agreement, sureties, and TIF expenditure methods,
such as ïPay as you go", will be needed by the Common Council during the approval
process':
/
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of
Muskego does hereby approve the exploration of a new TIF District within the City of
Muskego for the parcels around the former Parkland Mall property (Known as Tax . Key Number 2198.984).
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Resolution #116-2007 Page 2
BE IT FURTHER RESOLVED, That the Community Development Authority (CDA) be
the body to hold the required public hearing and be the recommending body to the
Common Council since the proposed development is within the CDA administered
Redevelopment District #2.
BE IT FURTHER RESOLVED, That the required developer's deposit of $2000 is paid
before the official TIF process begins and that costs associated with the TIF process
from attorneys, consultants, and staff be paid from this deposit.
BE IT FURTHER RESOLVED, That the City financial consultant Ehler's and
Associates be the consultants to manage the TIF process. Ehler's will act in the
City's interest while being compensated under the developer's deposit.
BE IT FURTHER RESOLVED, That the Common Council will require a Developer's
Agreement and sureties (Letters of credit or other) to be employed as part of any
future TIF approval by the Council. Further, the Council would like to see the TIF
expenditure method known as "pay as you go" be used for all or the majority of the
proposed TIF. The "pay as you go" method only requires expenditure of funds to a
developer once specific phases of a proposed development are completed and new
tax dollars are realized, thus relieving some burden of debt on the City.
DATED THIS DAY OF ,2007.
SPONSORED BY:
Mayor John R Johnson
This is to certify that this is a true and accurate copy of Resolution #116-2007 which
was adopted by the Common Council of the City of Muskego.
Clerk-Treasurer