2015-1195 Resolution No. 2015 -1195
RESOLUTION APPROVING AMENDMENT NO. 1 TO THE PROJECT PLAN FOR
TAX INCREMENT FINANCE DISTRICT NO. 33
WITHIN THE CITY OF JANESVILLE, ROCK COUNTY, WISCONSIN
WHEREAS, the Common Council of the City of Janesville adopted Resolution No.
2008 -531 on September 22, 2008, creating the City of Janesville Tax Increment
Finance (TIF) District No. 33 in accordance with the provisions of Wisconsin Statutes
Section 66.1105; and
WHEREAS, the City of Janesville Administration is now proposing Amendment No. 1 to
the Project Plan for TIF District No. 33 revising the project budget; and
WHEREAS, the Janesville Plan Commission has held a public hearing on May 18,
2015, on proposed Amendment No. 1 to the Project Plan of TIF District No. 33 and
found the proposed Project Plan amendments to be acceptable and consistent with the
long range plans of the City and its best interests; and
WHEREAS, the Chief Executive Officer of the Janesville School District, Rock County
Board, Blackhawk Technical College, and other entities having the power to levy taxes
upon the property located within TIF District No. 33 have been notified of the proposed
Amendment to the Project Plan for TIF District No. 33, pursuant to Section 66.1105
(4)(a) and (e), Wisconsin State Statutes; and
WHEREAS, the project costs directly serve to promote mixed -use development,
consistent with the purpose for which the TIF District was created will significantly
enhance the value of all property within the City of Janesville; and
WHEREAS, Amendment No. 1 to the Project Plan for TIF District No 33 contemplates
the provision of development incentives according to the provisions of Section 66.1105
(2)(f)(2)(d), and
WHEREAS, the amended Project Plan for TIF District No. 33 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 implementation of the
improvements as set forth in the amended Project Plan for TIF District No. 33 is in the
best interest of the City of Janesville and for the benefit of its residents and taxpayers.
TIF 33 Amendment No. 1
Resolution No. 2015 -1195
Page 2
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Janesville that they hereby approve Amendment No. 1 to the Project Plan for City of
Janesville Tax Increment Finance District No. 33, and refer Amendment No. 1 to a Joint
Review Board for review and approval according to Wisconsin Statutes. If approved by
the Joint Review Board, the effective date of the amendment will be January 1, 2015.
ADOPTED: May 26, 2015 Motion by: Gruber
Second by: Liebert
APPROVED: Councilmember Aye Nay Pass Absent
Bobzien X
Deupree X
Farrell X
Mark Freitag, City Manager Gruber X
Liebert X
ATTE Marklein X
Tidwell X
Dave Godek, Deputy City Clerk- Treasurer
APPROVED AS TO FORM:
Wald Klimczy , City Attorney
Proposed by: Economic Development Department
Prepared by: Economic Development Department