2000-100Resolution No. 2000- 100
RESOLUTION APPROVING AMENDMENT No. 1 TO THE PROJECT PLAN FOR
TAX INCREMENT FINANCE DISTRICT NO. XVII
WITHIN THE CITY OF JANESVILLE, ROCK COUNTY, WISCONSIN
WHEREAS, on September 8, 1997, the Common Council of the City of Janesville adopted
Project Plan and created Tax Increment Finance District No. XVII in accordance with the
provisions of Wisconsin Statues ss 66.46, a copy of said Project Plan and TIF No. XVII boundary
are attached and herein incorporated to this Resolution; and
WHEREAS, Wisconsin Statutes Section 66.46 (4)(h) provides for the amendment of TIF Project
Plans following notice to all overlying jurisdictions, public hearing, and review and
recommendation by the City Plan Commission; and
WHEREAS, the Plan Commission held a public heating on November 20, 2000, on Amendment
No. 1 to the Project Plan of Tax Increment District No. XVII, the proposed amended boundaries
thereof and recommended its approval; and
WHEREAS, the Chief Executive Officer of the Janesville 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. XVII have been notified
pursuant to Section 66.46 (4) (a) and (e), Wisconsin State Statutes; and
WHEREAS, at least 50% of the area of real area within such TIF District No. XVII, as amended,
is blighted and/or in need of Urehabilitation or conservation work" within the meaning of Section
66.435 (3); and
WHEREAS, the proposed Project Costs relate directly to eliminating blight, directly serve to
rehabilitate or conserve the area consistent with the purpose for which the TIF District is created
under Sub-section 66.46 4. (a) and the improvement of such area by implementing the TIF
No. 17 Project Plan is likely to enhance the value of substantially all other real property in such
district and the surrounding neighborhood; and
WHEREAS, the aggregate equalized value of taxable property within all of Janesville's TIF
Districts does not exceed seven percent (7%) of the total equalized value of property within the
City of Janesville; and
WHEREAS, the amended Project Plan for Tax Increment District No. XVII is economically
feasible and has been found to be in accordance with the City's Master Plans, Zoning Ordinance,
and other relevant uses and that this project is in the best interest of the City of Janesville and for
the benefit of its residents.
Resolution 2000 - 100
Page 2
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Janesville that
it hereby approves Amendment No. 1 to the Project Plan for City of Janesville Tax Increment
Finance District No. XVII and refers the Amended Project Plan to a Joint Review Board for
review and approval according to Wisconsin Statutes.
ADOPTED: November 27, 2000
APPROVED:
~ve~E. Sheiffer, City Manager
ATTEST:
/,Ie~n ~,nn Wuif, City Clerk-t ,~urer
MOTION BY: O' Leary
SECOND BY: Schneider
COUNCILMEMBER AYE NAY PASS ABSENT
SCHNEIDER x
WILLIAMS x
NOLL x
BRIEN x
MURPHY x
O'LEARY x
DEGARMO x
APPROVED AS TO FORM:
City Attorney
Proposed by: City Manager
Prepared by: Dir. Of Economic Development