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Joint review board accepts Ashwaubenon Tax Increment District No. 3 annual report
Summary
The joint review board voted June 2 to receive and accept the annual report for Ashwaubenon TID No. 3. Staff said the district is nearing the end of its life, could be cashed out early if developer agreements are renegotiated, and that closing it would free capacity to form future TIDs.
The joint review board for taxing districts Nos. 3 and 5 in the village of Ashwaubenon voted June 2 to receive and accept the annual report for Tax Increment District No. 3.
Brett Wien, the presenter for the annual reports, said TID No. 3 is “cash flowing very well” and that staff could “essentially close it out” if outstanding development‑agreement obligations were resolved. Wien listed recent wrap‑up work including the Lombardi Avenue access road, improvements near Frank Myers, and the Ashwaubenon Park Trail, and said remaining costs are primarily existing debt service, with the last debt payment scheduled through 2029.
A village staff member cautioned that closing the district early would require negotiating with parties that have pay‑as‑you‑go development commitments. The staff member noted that the Packers’ development agreement currently contains pay‑go payments through 2029 and that those commitments would need to be addressed either by amendment or a buyout before a closure could proceed.
The same staff member also said TID No. 3 currently represents more than 13% of the village’s total equalized value, which exceeds the roughly 12% threshold in Wisconsin statutory law that limits a municipality’s ability to create new TIDs. “Closing it early will allow us to technically create a new TID in the future if one is so needed or desired,” the staff member said.
Board members discussed whether to set aside increment for affordable housing. Staff recalled that when TID No. 4 closed the village set aside about $1,200,000 for affordable housing; they estimated (not a firm commitment) that TID No. 3 might generate roughly $4 million to $5 million, noting a one‑year full increment figure cited at about $7.8 million.
A motion to receive and accept the TID No. 3 annual report carried by voice vote; no roll‑call tally was recorded. The board directed no immediate action beyond the receipt of the report and indicated staff will continue discussions with affected developers about possible early closure options.
