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Monona council holds first reading on three TID boundary amendments; staff answers questions on valuations and affordable-housing placeholders
Summary
The council took a first reading of resolutions to amend Tax Increment Districts (TID) 10, 13 and 15 to adjust boundaries and add parcels. Discussion focused on CSM-driven boundary fixes, a 12% equalized-value limit, notification of property owners, and placeholder affordable-housing line items.
The Monona City Council on July 7 heard a first reading of three resolutions from the Community Development Authority to amend Tax Increment Districts (TIDs): Resolution 25-7-2816 (amending TID No. 10), Resolution 25-7-2817 (amending TID No. 13, "Pirate Island") and Resolution 25-7-2818 (amending TID No. 15, Topgolf).
Staff described the primary changes as administrative boundary revisions to match recorded Certified Survey Maps (CSMs) and, in two districts, the re-inclusion of parcels that had been removed in an earlier filing when district equalized value calculations exceeded a statutory limit. Mark (city staff) said TID 10 required a boundary edit to reflect recent parcel CSMs. For TID 13 (Pirate Island), two parcels that had been removed from the DOR filing were proposed to be added back now that updated values bring the district under the 12% equalized-value threshold discussed in the meeting.
Alder Bernstein asked about the projected $30,000,000 added value and a $3,900,000 affordable-housing budget line; staff replied these figures are consultant estimates and placeholders used in project plans when no development agreement is yet in hand. Mark explained that the consultant prepares revenue and expense estimates to produce a cash-flow projection; the council would see project-specific budgets and development agreements later if and when a developer proposes a project.
Council members also asked whether property owners were notified. Staff said affected parcels had been part of public CDA hearings and that staff would confirm direct mailings where questions remained. The council did not vote on the resolutions; staff indicated the items will return for further consideration at a future meeting with the CDA and consultant present.
