2016-1353 Resolution No. 2016 -1353
RESOLUTION APPROVING THE PROJECT PLAN AND ESTABLISHING THE
BOUNDARIES FOR AND THE CREATION OF TAX INCREMENTAL DISTRICT NO. 37, CITY
OF JANESVILLE, WISCONSIN
WHEREAS, the City of Janesville (the "City ") has determined that use of Tax
Incremental Financing is required to promote development and redevelopment within the City;
and
WHEREAS, Tax Incremental District No. 37 (the "District ") is proposed to be created by
the City as a district in need of rehabilitation or conservation in accordance with the provisions
of Wisconsin Statutes Section 66.1105 (the "Tax Increment Law "); and
WHEREAS, a Project Plan for the District has been prepared that includes:
a. A statement listing of the kind, number and location of all proposed public works
or improvements within the District, or to the extent provided in Wisconsin
Statutes Sections 66.1105(2)(f)1.k. and 66.1105(2)(f)1.n., outside of the District;
b. An economic feasibility study;
c. A detailed list of estimated project costs;
d. A description of the methods of financing all estimated project costs and the time
when the related costs or monetary obligations are to be incurred;
e. A map showing existing uses and conditions of real property in the District;
f. A map showing proposed improvements and uses in the District;
g. Proposed changes of zoning ordinances, master plan, map, building codes and
City ordinances;
h. A list of estimated non - project costs;
A statement of the proposed plan for relocation of any persons to be displaced;
j. A statement indicating how the District promotes the orderly development of the
City;
k. An opinion of the City Attorney or of an attorney retained by the City advising that
the plan is complete and complies with Wisconsin Statutes Section 66.1105(4)(f).;
and
WHEREAS, prior to its publication, a copy of the notice of public hearing was sent to
owners of all property in the proposed district, to the chief executive officers of Rock County, the
Janesville School District, and the Blackhawk Technical College District, and any other entities
having the power to levy taxes on property located within the District, in accordance with the
procedures specified in the Tax Increment Law; and
WHEREAS, in accordance with the procedures specified in the Tax Increment Law, the
Plan Commission, on November 7, 2016 held a public hearing concerning the project plan and
boundaries and proposed creation of the District, providing interested parties a reasonable
opportunity to express their views thereon; and
WHEREAS, after said public hearing, the Plan Commission designated the boundaries
of the District, adopted the Project Plan, and recommended to the Common Council that it
create such District and approve the Project Plan; and
Resolution No. 2016 -1353
Page 2
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Janesville that:
1. The boundaries of the District that shall be named "Tax Incremental District No.
37, City of Janesville ", are hereby established as specified in the Project Plan.
2. The District is created effective as of January 1, 2017.
3. The Common Council finds and declares that:
(a) Not less than 50% by area of the real property within the District is in need of
rehabilitation or conservation work within the meaning of Wisconsin Statutes
Section 66.1337(2m)(b).
(b) Based upon the findings, as stated in 3.a. above, the District is declared to be
a district in need of rehabilitation or conservation based on the identification
and classification of the property included within the District.
(c) The improvement of such area is likely to enhance significantly the value of
substantially all of the other real property in the District.
(d) The equalized value of the taxable property in the District plus the value
increment of all other existing tax incremental districts within the City, does
not exceed 12% of the total equalized value of taxable property within the
City.
(e) The City estimates that 100% of the territory within the District will be devoted
to retail business at the end of the District's maximum expenditure period,
pursuant to Wisconsin Statutes Section 66.1105(5)(b).
(f) The project costs relate directly to promoting the rehabilitation or
conservation of the area consistent with the purpose for which the District is
created.
4. The Project Plan for "Tax Incremental District No. 37, City of Janesville" is
approved, and the City further finds the Plan is feasible and in conformity with the
master plan of the City.
BE IT FURTHER RESOLVED THAT the City Clerk is hereby authorized and directed to
apply to the Wisconsin Department of Revenue, in such form as may be prescribed, for a
"Determination of Tax Incremental Base ", as of January 1, 2017, pursuant to the provisions of
Wisconsin Statutes Section 66.1105(5)(b).
BE IT FURTHER RESOLVED THAT pursuant to Section 66.1105(5)(f) of the Wisconsin
Statutes that the City Assessor is hereby authorized and directed to identify upon the
assessment roll returned and examined under Wisconsin Statutes Section 70.45, those parcels
of property which are within the District, specifying thereon the name of the said District, and the
City Clerk is hereby authorized and directed to make similar notations on the tax roll made
under Section 70.65 of the Wisconsin Statutes.
Resolution No. 2016 -1353
Page 3
ADOPTED: November 28, 2016 Motion by: Marklein
Second by: Williams
APPROVED: / Councilmember Aye Nay Pass Absent
•
Deupree
(((���•••;;; ``� Gruber X
Mark A. F eitag, City Manager Jorgensen X
Liebert X
ATTE Marklein X
Tidwell X
110
Williams X
r is T. Godek, City Clerk- Treasurer
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Economic Development Division
Prepared by: Economic Development Division