Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Increment Financing Tid topic
No spam. Unsubscribe anytime.
Joint Review Board reviews TID amendments to seed COVID-19 small-business loan program; appoints public members
Summary
The Oshkosh Joint Review Board elected a chair, appointed Burke Tower as the public member for two tax incremental districts and reviewed proposed amendments to TID 14 and TID 19 to transfer $250,000 each toward a COVID-19 emergency loan program in TID 16. The board set a follow-up meeting for the Wednesday after April 28 at 1:00 p.m.
Members of the Oshkosh Joint Review Board elected Mark Harris as chair, appointed Burke Tower as the public member for two tax incremental districts and reviewed proposed amendments to TID 14 (Mercy Medical Center redevelopment) and TID 19 (Northwest Industrial Park) that would transfer funds to a COVID-19 small-business loan program administered through TID 16.
The proposed Mercy Medical Center TID Amendment No. 2 would transfer $250,000 from TID 14 into TID 16 to support the city’s emergency loan program for small businesses affected by the COVID-19 pandemic, and TID 19 Amendment No. 1 would likewise contribute $250,000 and seek to extend a half-mile spending radius around TID 19 so that additional businesses along Algoma and nearby corridors could be eligible for assistance.
Alan (staff member) said the amendments are intended to “fit [tax incremental financing] tools interchangeably” to reach businesses the downtown-focused TID program cannot. “The Mercy Medical Center TIF Amendment number 2 would basically donate $250,000 to TID 16 to add to the COVID emergency loan program,” Alan said. He described TID 14 as having an available cash balance and TID 19 as performing well enough to make a similar contribution.
Board members outlined the approval path for the amendments: the Joint Review Board will review the proposed changes, the matter will go to the Planning Commission and then to the City Council for action (council consideration was noted for April 28). The board agreed to reconvene after council action to complete its formal review.
On the TID 19 amendment, staff explained the half-mile extension would allow the district’s funds to reach some businesses on Algoma and toward Jackson that are outside TID 16’s central-city radius. Staff said TID 19 contains several businesses within that half-mile band; the amendment would permit using TID 19 funds to reach those firms when appropriate.
Procedural items addressed at the meeting included the election of a chair and the designation of public members. City Representative Roelof nominated Mark Harris for chair; the nomination was seconded and approved by voice vote. Burke Tower was appointed as the at-large public member for both the Mercy Medical Center TID (No. 14) and the Northwest Industrial Park TID (No. 19) after nominations and voice votes.
Board members discussed scheduling a follow-up meeting to finalize the Joint Review Board’s formal review after council action; they agreed to meet at 1:00 p.m. on the Wednesday following April 28. The meeting concluded with a motion to adjourn that passed by voice vote.
The board did not take final action on either TID amendment at this meeting; both amendments remain subject to the Planning Commission and City Council processes and a subsequent Joint Review Board meeting.
