City of Madison - File #: 15542

• File #: 15542
• Version: 1
• Name: 9186 TID #39 Amendment Resolution
• Type: Resolution
• Status: Passed
• File created: 7/28/2009
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 9/1/2009
• Final action: 9/1/2009
• Enactment date: 9/3/2009
• Enactment #: RES-09-00734
• Title: Approving and amending Project Plan and Boundary for the Tax Incremental District (TID) #39 (Stoughton Rd.).
• Sponsors: Judy Compton

Date	Ver.	Action By	Action	Result
9/1/2009	1	COMMON COUNCIL	Adopt	Pass
8/24/2009	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
8/17/2009	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
8/4/2009	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
8/4/2009	1	COMMON COUNCIL	Referred
7/28/2009	1	Community and Economic Development Unit	Referred for Introduction

Fiscal Note
See Economic Feasibility Section of the Project Plan.
Title
Approving and amending Project Plan and Boundary for the Tax Incremental District (TID) #39 (Stoughton Rd.).
Body
WHEREAS Chapter 105 of the Laws of 1975 of the State of Wisconsin created the Tax Increment Law, Section 66.1105, Wisconsin Statutes; and

WHEREAS said Law sets forth certain steps which must be followed to amend a Tax Incremental Finance District and approve a Project Plan; and

WHEREAS the amendment to Tax Incremental Finance District #39 is described below; and

WHEREAS a Notice of Public Hearing by the Plan Commission to afford interested parties an opportunity to express their views on the amendment of the District boundary and the Project Plan for Tax Incremental Finance District #39 was published in the Wisconsin State Journal on July 31 and August 7, 2009 as required by said Law; and

WHEREAS prior to publication of the Notice of Public Hearing a copy of the Notice was sent by first-class mail to each of the chief executive officers or administrators of all local governmental entities having the power to levy taxes on property within the proposed amendment to Tax Incremental Finance District #39; and

WHEREAS the Plan Commission of the City of Madison held a public hearing on August 17, 2009, at which interested parties were afforded an opportunity to express their views on the proposed amendment to the Project Plan and boundary for Tax Incremental Finance District #39; and

WHEREAS the Plan Commission has made the following findings as indicated in the attached report:

1. No less than 50%, by area, of the real property within such Tax Incremental District is suitable for industrial development within the meaning of 66.1101(1), Wisconsin Statutes.
2. The improvement of such area is likely to significantly enhance the value of a substantial portion of the other real property in such District.
3. The project costs as described in the amended Project Plan relate directly ...