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Board receives annual report for Ava Manor TID; finance director flags MRO balance
Summary
The Joint Review Board received the annual report for Tax Increment District (TID) 4, Ava Manor, which generated $44,367 in tax increment in 2024 and carries an MRO balance of roughly $1 million; staff forecast ~ $492,000 in future increment and projected outstanding obligations including accrued interest.
The Annual Joint Review Board unanimously received and filed the annual report for Tax Increment District 4, known as Ava Manor, at its June 18, 2025 meeting in Pleasant Prairie. Chair opened the item by noting the district sits at the southeast corner of 22nd Street and 91st Avenue and was created on Sept. 24, 2007; the district's expenditure period ends Sept. 24, 2029, and its termination date is Sept. 24, 2034.
Finance Director Kathy Gessel reported that TID 4 produced $44,367 in tax increment in 2024 and that the district has an MRO balance “a little over 1000000 dollars” earning interest. She said the TID’s initial project spending was $452,000 and it received a grant of $141,000. "TID for Ava Manor has sources of tax increment of 44,367 for 2024," Gessel said. Staff estimated roughly $492,000 in future annual increment under current forecasts and projected an outstanding balance of about $2.2 million when interest is included while the district remains open.
The board asked no questions and approved the staff recommendation to receive and file the report by voice vote. The record shows the Board did not take further action on project changes or early closure of the district at this meeting.
