Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Redevelopment Tif Development Agreement topic
No spam. Unsubscribe anytime.
Council approves TIF-backed development agreement to relocate long'standing manufacturer
Summary
The Superior Common Council approved a development agreement to help relocate a longstanding local manufacturer into a tax increment district; councilors debated pay'as'you'go TIF mechanics, site constraints and public benefits before adopting the resolution by voice vote.
The council voted to approve a development agreement to assist a business relocating into a tax increment financing (TIF) district in Superior's Winter Street Industrial Park. The resolution passed by voice vote after councilors discussed public costs, the project's location and job retention.
Why it matters: City staff described the project as roughly a $20 million private investment that will generate an estimated $9 million to $10 million of taxable value within the TIF district over time. Councilors pressed for details about maps, wetlands and public infrastructure work; staff said the aid would be pay'as'you'go and would pay for site remediation and utility extensions needed to relocate the business.
Key details
City staff (identified in the meeting as Mr. Cert) said the relocation project will occupy about 8.2 acres in the Winter Street Industrial Park, adjacent to Hallett Dock, and that the city will maintain shoreline access for the public. "Essentially, this is about a $20,000,000 investment," staff said during discussion. The staff presentation noted public costs will include soil corrections and utility extensions; the assistance is structured as pay'as'you'go TIF reimbursement rather than an upfront grant.
Councilor Moffett and others requested more detailed maps and impact analyses; staff agreed to provide a site map and additional materials to the council. Supporters framed the agreement as a job'retention measure for a company that has operated in Superior for decades; Councilor Sweeney publicly thanked the owner for remaining in the city.
Outcome and vote
The council adopted the resolution approving the development agreement by voice vote. The motion was introduced on the redevelopment authority item and moved for adoption by the council; no roll'call was recorded on the floor at the time of the voice vote.
Quotes
"Essentially, this is about a $20,000,000 investment," a city staff member said while answering council questions about the scale and public costs.
"I would just like to thank the owner for having faith in the state and Superior," Councilor Sweeney said.
Ending
Staff agreed to provide a site map and additional clarifying materials on wetlands and economic impacts; councilors said they would use that information to monitor implementation and the terms of the pay'as'you'go TIF assistance.
