2011-816 Resolution No. 2011— 816
RESOLUTION APPROVING THE PROJECT PLAN AND CREATING TAX
INCREMENT FINANCE DISTRICT No. 35 WITHIN THE CITY OF JANESVILLE
ROCK COUNTY, WISCONSIN
WHEREAS, the City of Janesville has prepared a Project Plan and proposed a boundary for the
creation of City of Janesville Tax Increment Finance District No. 35 in accordance with the
provisions of Wisconsin Statues ss 66.46, a copy of said Project Plan and proposed TIF No. 35
boundary are attached and herein incorporated to this Resolution; and
WHEREAS, the Plan Commission has held a public hearing on the proposed creation of Tax
Increment District No. 35 and the proposed boundaries thereof, and recommended the approval of
the Project Plan for Tax Increment District No. 35 and the creation of the new TIF district; and
WHEREAS, the Chief Executive Officer of the local school district, Rock County Board,
Blackhawk Technical College, and the other entities having the power to levy taxes on the property
located within the proposed Tax Increment District No. 35 have been notified pursuant to Section
66.46 (4) (a) and (e), Wisconsin State Statutes; and
WHEREAS, all of the land within the proposed TIF District No. 35 is currently zoned M -1
Industrial and has been found suitable for industrial development within the meaning of Section
66.52, Wisconsin State Statutes and will remain zoned for industrial purposes for the 20 year life of
the TIF District; and
WHEREAS, the project costs directly serve to promote industrial development, consistent with the
purpose for which the TIF District is created, and the improvement of such areas for industrial
projects will significantly enhance the value of all property within the TIF District; and
WHEREAS, the aggregate equalized value of taxable property within all of Janesville's TIF
Districts does not exceed twelve percent (12 %) of the total equalized value of property within the
City of Janesville; and
WHEREAS, the Project Plan for Tax Increment District No. 35 is economically feasible and has
been found to be in accordance with the City's General Development Plans, Zoning Ordinance, and
other relevant policies and that this project is in the best interest of the City of Janesville and for the
benefit of its residents.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Janesville that it
hereby approves the Project Plan for City of Janesville Tax Increment Finance District No. 35 and
creates Tax Increment District No. 35 in the City of Janesville as described on the attached map and
Project Plan for TIF District No. 35.
Resolution 2011 -816
Page 2
ADOPTED: August 22, 2011 Motion by: Dongarra -Adams
Second by: Voskuil
APPROVED: / - Councilmember Aye Nay Pass Absent
Brunner X
/ / Dongarra -Adams X
Eric J. Levitt, Cit/ anager Liebert X
/ McDonald X
ATTEST: Rashkin X X
Steeber Voskuil X
J Ann Wulf, City Clerk -Tre er
APPROVED AS TO FORM:
City Attorney _ - _ . ;,
Proposed by: Economic Development Division _ _
Prepared by City Manager's Office