2024-22351
FILE RESOLUTION NO. 2024-2235
A resolution extending the life of Tax Increment Finance District No. 17 for an additional
year for housing purposes
WHEREAS, the Janesville Comprehensive Plan, the Community Development Block Grant &
Rock County HOME Consortium Five-Year Consolidated Plan, and City Five-Year Strategic
Plan all include policies and initiatives to promote high quality and affordable housing for all
members of the community; and
WHEREAS, the City continues to implement policies and programs to further the goals and
objectives of these plans; and
WHEREAS, implementation of these policies and programs requires the allocation of various
forms of revenue to fund these housing programs; and
WHEREAS, the City created Tax Increment Financing District No. 17 on September 8, 1997.
The City amended the District and Project Plan on November 20, 2000; and
WHEREAS, the City has completed implementation of the Project Plan and has reserved
adequate funding to pay remaining debt incurred for implementation of the Project Plan and
project costs; and
WHEREAS, State of Wisconsin Statutes require that a TID be terminated after all project costs
have been paid, except that under Wisconsin Statutes, Section 66.1105(6)(g), a TID may be
extended for up to one (1) year to utilize the last year of tax increment to promote affordable
housing and to improve the City’s housing stock; and
WHEREAS, the City adopted Council Policy 100 (Affordable Housing Fund Policy) on July 12th,
2022 and implemented the practice of extending the life of a successful TID for a period of up to
12 months to capture additional increment for the purposes of developing additional affordable
housing and to improve the existing housing stock in accordance with State Statutes; and
WHEREAS, at least 75 percent of the final increment must benefit affordable housing with the
remaining portion used to improve existing housing stock; and
NOW THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF
JANESVILLE that providing affordable housing and promoting improvement of the City’s
housing stock is necessary to maintain and improve the community by increasing efforts to
provide quality, affordable housing; and
BE IT FURTHER RESOLVED that funding City of Janesville programs to promote affordable
housing, rehabilitation of existing housing stock, promoting home ownership and new
construction benefits all residents by providing additional, substantially improved housing for all
community members and increases overall property values within the community; and
2
Resolution No. 2024-2235
Page 2
BE IT FURTHER RESOLVED that tax increment is available in Tax Increment Finance District
No. 17 to fund existing and/or additional housing programs, and to fund expenditures as
permitted under Wisconsin Statues 66.1105(6)(g)3, and that the City of Janesville hereby
extends the life of Tax Increment Finance District No. 17 for 12 months from the date of this
resolution to use the final year’s increment collected in 2026 from the 2025 tax roll to benefit
affordable housing; and
BE IT FURTHER RESOLVED that the City of Janesville shall adopt a TID termination resolution
by July 8th, 2025.
ADOPTED: July 8, 2024
APPROVED:
Kevin M. Lahner, City Manager
ATTEST:
Lorena Rae Stottler, City Clerk-Treasurer
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Economic Development Office
Prepared by: Economic Development Office
Motion by: Squire
Second by: Jackson
Councilmember Aye Nay Pass Absent
Burdick X
Jackson X
Marshick X
Miller X
Neeno X
Squire X
Williams X
8b_-_COMPLETE_TID_17
Final Audit Report 2024-07-09
Created:2024-07-09
By:Carri Salus (salusc@ci.janesville.wi.us)
Status:Signed
Transaction ID:CBJCHBCAABAAL2dXkW29CkOziO3MEgpgYry0qzQMu94u
"8b_-_COMPLETE_TID_17" History
Document created by Carri Salus (salusc@ci.janesville.wi.us)
2024-07-09 - 4:43:25 PM GMT
Document emailed to Kevin Lahner (lahnerk@janesvillewi.gov) for signature
2024-07-09 - 4:43:48 PM GMT
Email viewed by Kevin Lahner (lahnerk@janesvillewi.gov)
2024-07-09 - 4:56:01 PM GMT
Document e-signed by Kevin Lahner (lahnerk@janesvillewi.gov)
Signature Date: 2024-07-09 - 4:56:16 PM GMT - Time Source: server
Document emailed to Lorena Stottler (stottlerl@janesvillewi.gov) for signature
2024-07-09 - 4:56:17 PM GMT
Email viewed by Lorena Stottler (stottlerl@janesvillewi.gov)
2024-07-09 - 4:57:53 PM GMT
Document e-signed by Lorena Stottler (stottlerl@janesvillewi.gov)
Signature Date: 2024-07-09 - 4:58:01 PM GMT - Time Source: server
Agreement completed.
2024-07-09 - 4:58:01 PM GMT