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Menomonee Falls board unanimously approves mixed-use Tax Increment District No. 19
Summary
The Village Board approved a resolution creating Tax Incremental District (TID) No. 19, adopting a project plan and establishing boundaries; trustees said the action resets the TID timeline and noted protections for environmental corridor and floodplain areas.
The Menomonee Falls Village Board voted unanimously on April 7 to approve the resolution creating Tax Incremental District No. 19, adopting the project plan and establishing the TID boundaries.
Trustee Tada moved to approve the resolution as corrected to identify the district as mixed-use rather than industrial; a second was recorded. The board noted the plan had previously gone before the Planning Commission and was passed there unanimously.
Residents who attended the Planning Commission meeting raised concerns about the appearance of the development, traffic, stormwater and proximity to homes on the north side of the property. Trustee Tada summarized those concerns at the board meeting and said the engineering requirements in the project plan require stormwater runoff to be contained on the development property.
Trustees emphasized that much of the site along the river is designated primary environmental corridor and floodplain and will not be built upon. Trustee Tada referred to page 22 of the project plan land-use map to show where environmental corridor and floodplain protections apply, saying the developable area is downslope of those protected lands.
Board members described the planned development as ‘‘office-type mixed use’’ rather than industrial. Trustees also said the action effectively resets the TID timeline for public financing associated with future development and that the TID boundaries were carved from an existing district to account for new development activity.
Why it matters: Creating or amending a TID allows a municipality to capture future incremental property-tax revenue from the defined district for eligible public improvements and developer reimbursements; resetting a TID timeline can extend the period during which those tax increments are captured.
What the board decided: The resolution to create TID No. 19, approve the project plan and establish boundaries passed unanimously. No separate funding appropriation was recorded at the meeting; the action was approval of the district and project plan.
