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Plan Commission recommends TID 12 project plan, citing infrastructure and downtown improvements
Summary
The Fort Atkinson Plan Commission voted to recommend the City Council adopt the project plan and boundaries for Tax Increment District (TID) 12, a blight-elimination district that would fund sanitary sewer work, bike/pedestrian improvements and other public projects with roughly $12.5 million in proposed public improvements.
The Fort Atkinson Plan Commission voted to recommend that the City Council adopt the project plan and boundaries for Tax Increment District (TID) 12, a blight-elimination tax increment financing district proposed for portions of the north downtown and west tail toward Riverside Park.
Staff described TID 12 as a blight-elimination district that would allow a longer expenditure window and later closure than a standard TID. The presentation listed 109 parcels proposed for inclusion, an existing base value of $41,344,000 and about $12,500,000 in proposed public improvements. Staff said they anticipate roughly $27,500,000 in added increment over the life of the district and that expenditures could continue until 2048, with an anticipated closure in 2053. "There are 109 parcels in this TID," the presenter stated.
Planned projects in the project plan include a sanitary sewer project on the 100 block of North Main Street, bicycle and pedestrian safety improvements, public parking-lot reconstruction, trail and park improvements, streetscape and green infrastructure work and regional stormwater upgrades. Staff also described options for developer incentives, including direct assistance and a PAYGO rebate method tied to future tax increment captured by the TID.
During the public hearing, a member of the public asked whether environmental remediation was included; staff responded that remediation was not included in the project plan but that unknown conditions could emerge during implementation. After discussion, a commissioner moved to recommend adoption of the TID 12 project plan and boundaries; the motion was seconded and carried.
If the City Council approves the recommendation, the plan commission and the joint review board will continue to be involved in any amendments or project-specific approvals that might follow. The joint review board had met the day before and examined both TID project plans, and staff said the city council will consider the matter at an upcoming meeting.
