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TID 10 annual review: former power‑plant site begins to collect increment after infrastructure work
Summary
The Joint Review Board received the annual report for TID 10 (Germany Properties), a 2023 industrial TID covering the former Pleasant Prairie power plant site; staff said 2024 had no increment but 2025 is expected to generate roughly $400,000 in increment as phase‑1 infrastructure (roads, sewer, water) is completed.
The board received the annual report for Tax Increment District 10, called Germany Properties, which includes the northern portion of the former Pleasant Prairie power plant site and the Smurfit WestRock facility. The TID was created March 27, 2023; expenditure and termination dates were provided by Chair.
Finance Director Kathy Gessel said TID 10 had no tax increment in 2024 but that 2025 is expected to bring increment of a little over $400,000 as the site’s phase‑1 infrastructure is completed. She described roughly $10,716 in 2024 uses for engineering and administrative time, the creation of an MRO of $3.8 million payable to DPML 95th Street LLC for phase‑1 infrastructure (road, sewer, water) and a current ending fund balance of about $42,000. The board voted to receive and file the report by voice vote.
