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Plan commission forwards creation of Tax Incremental District No. 43 to city council after unanimous vote
Summary
The Janesville Plan Commission unanimously recommended creation of Tax Incremental District (TID) No. 43, a proposed industrial TID intended to support infrastructure for new industrial development on recently annexed land; commissioners noted they had not reviewed financial details.
The Janesville Plan Commission on March 3 recommended that City Council create Tax Incremental District No. 43, forwarding the proposed boundary and project plan after a unanimous voice vote.
Harry Allen, municipal adviser with Ehlers, presented the district as an industrial-type TID intended to capture taxes on new development to pay for streets, sewer, water and stormwater infrastructure and pay-as-you-go incentives for private developers. Allen told commissioners the parcel was recently annexed from the Town of Rock and previously was agricultural land that will require substantial infrastructure buildout to support industrial development.
Allen said the current plan anticipates roughly…
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