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CCR2015122-Grant Support Idle Sites COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #122-2015 RESOLUTION TO SUPPORT RECEIPT OF GRANT FUNDING FROM THE WISCONISN ECONOMIC DEVELOPMENT CORPORATION Idle Industrial Sites Redevelopment Grant WHEREAS, the State of Wisconsin Economic Development Corporation (WEDC) has a grant known as the Idle Industrial Sites Redevelopment Grant that is due annually in December; and WHEREAS, a grant of up to $500,000 (no more than 30% of a project) can be given to municipalities that qualify for redevelopment purposes; and WHEREAS, the former Parkland Mall parcel (Tax Key No. 2198.984) qualifies for the grant due to being in excess of 10 acres, is currently vacant, and previously had long term commercial usage; and WHEREAS, the property for which the grant is proposed is within the city’s central business district and within the adopted boundaries of the City’s Redevelopment District #2 Plan; and WHEREAS, the grant would aid the City of Muskego in offsetting the infrastructure costs for the proposed Parkland Towne Center development; and WHEREAS, the Common Council approved moving forward with a Tax Incremental District process per Council Resolution #075-2015 in anticipation that incentives would be required for the proposed Parkland Towne Center development in order to realize the maximum economic Development potential in terms of tax base and jobs created. NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego, supports receiving the Idle Industrial Sites Redevelopment Grant from the Wisconsin Economic Development Corporation in the amount of $500,000 in order to offset infrastructure costs. BE IT FURTHER RESOLVED That the City of Muskego believes that without such incentives and grants that the Parkland Towne Center development would not meet its full potential in terms of tax base and jobs created. th DATED THIS 8 DAY OF DECEMBER , 2015. SPONSORED BY: FINANCE COMMITTEE This is to certify that this is a true and accurate copy of Resolution #122-2015 which was adopted by the Common Council of the City of Muskego. Clerk-Treasurer