Downtown TIF Minutes 2006 07-31-06 Page 1 of 1
APPROVED 2/13/07
DOWNTOWN TIF MEETING
Monday, July 31,2006
7:00 P.M.
Historic Courthouse
Present
Mayor Art Prochaska Ron Morris
Alderwoman Rose Spears Carol Morris
Alderman Joe Besco Terry Groesch
Alderman Jim Bock Bruce Sperling
City Administrator John Crois Jeff Muellner, Muellner Construction
Bart Olson Sue Sperling
Travis Miller Jeff Schmelzle
Kathleen Orr Heather Gillers, Beacon
Tony Graff Kathy Farren, Record
Lynn Dubajic Diane Scott
Greg Roate Wesley Scott
Wayne Larson Betty Larson
also see attached
The meeting was called to order at 7:00 pm by Mayor Prochaska.
Kathleen Field Orr explained that there had been a TIF study done by an outside firm
and the downtown area does qualify for a TIF district. The assessed valuation is
deemed the initial valuation. There will be a designated account for the specific
purpose of improving the specified area. The money for the account will come out of
the additional taxes created by the redevelopment. The plan for the area must comply
with the zoning and comprehensive plans. Prior to an individual creating the pl;ans,
they must meet with the municipality to negotiate. The city will look at the total cost
and reimburse 25%of the eligible costs if the business is an asset wanted or needed in
the city.
Kathleen Field Orr went over a handout she brought with her. She discussed things
such as: Factors to be considered in connection with the award of TIF assistance, the
general policy of limiting assistance to a percentage of new investment, the
application for TIF assistance, and eligible redevelopment project costs.
There was also a question and answer session. Some of the answers included:
Dollars from the TIF that are not used within 3 years will be redistributed to the other
taxing bodies. New construction is not an eligible cost, rehabilitation of old buildings
is an eligible cost. Only the owner of the land will be reimbursed. The
redevelopment agreement must be discussed in open session and voted on by the City
Council.
The meeting was adjourned at 7:56 pm.
Minutes submitted by Laura Leppert.