[0:00] 
[0:07] Recording in progress.
[0:10] Hello, all.
[0:11] I'll call together
the agenda of the tax
[0:13] incremental district joint
review board for August 25,
[0:16] starting at 11:30.
[0:18] Taking a roll call.
[0:19] Brent Weicker, I
don't see him on here.
[0:22] Must be excused.
[0:24] We have Diana jacket.
[0:26] Kapuscinski present.
[0:29] Adam fost here, and
Dan teeters is excused.
[0:34] Moving on to the
approval of the agenda.
[0:37] Approval of the agenda for the.
[0:39] For Tuesday, August
25, 2026 meeting
[0:42] of the tax incremental
district joint review board.
[0:45] 
[0:50] Entertain a motion
on the agenda.
[0:52] 
[0:54] This is Adam.
[0:55] I'll move approval.
[0:56] 
[1:00] All right.
[1:00] We have a motion by
Adam, second by Cale.
[1:02] All in favor.
[1:04] Aye Aye.
[1:05] Aye that passes.
[1:06] Moving on to the
approval of minutes.
[1:08] Approval of the minutes from
the July 24, 2026 meeting.
[1:16] This is Adam.
[1:17] I'll move.
[1:17] Approval second the game.
[1:21] All right.
[1:21] We have a motion by Adam.
[1:23] Second by Cale.
[1:23] All in favor.
[1:25] Aye that passes.
[1:27] Moving on to regular business.
[1:29] Consideration with
possible action
[1:30] to review the public record.
[1:33] Planning documents
and resolutions
[1:35] passed by the Redevelopment
Authority and common council.
[1:38] And adopt a resolution
approving the creation of tax
[1:41] incremental district number
33, TID 33 and Locust.
[1:47] Rebecca, I will take that one.
[1:50] And good morning, everybody.
[1:51] Thanks for being here today.
[1:52] I know we've had a very busy
summer with DRB meeting,
[1:55] so appreciate your time today.
[1:58] We have two regular business
agenda items, one being our 1033
[2:03] creation and one being 1034.
[2:07] Both of them have been
following the same trajectory as
[2:11] far as timeline of approvals.
[2:14] As you all remember,
back on July 14,
[2:17] this board met for the initial
review of both of these tids,
[2:21] followed by the RDA
meeting that afternoon
[2:24] where the public hearing
was held, and then
[2:27] August 18, approval by council.
[2:31] So that brings us to today,
where the JRB now is reviewing
[2:35] all of the documents that
we've had so far, including
[2:39] the final project plans, the
resolutions that have already
[2:43] been approved by RDA
council, and of course,
[2:46] to answer any
remaining questions
[2:48] that you might have on
either of these tids.
[2:51] As a reminder, TID 33 is a
proposed blighted district.
[2:56] It is approximately 34.3
acres, generally located
[3:01] along elk Avenue
at the intersection
[3:03] of Belt and Locust Street.
[3:05] The district is proposed
to facilitate redevelopment
[3:08] of the parcel you're
seeing on your screen,
[3:11] just to the South of belt,
to be a 90 unit multifamily
[3:17] development consisting
of 330 unit buildings
[3:21] and a parking garage facility.
[3:26] Eligible project costs include
development incentives, land
[3:30] acquisition, site preparation,
environmental assessment
[3:33] and remediation, utility and
infrastructure improvements,
[3:37] street and streetscape
improvements,
[3:39] and administrative expenses,
and those eligible project costs
[3:43] also extend within that half
mile boundary of the district,
[3:46] as permitted by
Wisconsin's TIF laws.
[3:50] We've been working with
Ehlers, our consultant,
[3:53] and our city is on
the line here today
[3:56] to evaluate both the
developer's tiff application
[4:00] and to work on the project plan.
[4:02] So staff definitely feels as
though the request meets the but
[4:09] for test, and that this
project wouldn't move forward
[4:12] at the proposed scale
value or the time frame
[4:16] without this TIFF assistance.
[4:18] So that's an overview
of where we are now.
[4:22] We do have slides that are
essentially the same slides that
[4:26] were shown on July 14,
so we're happy to go
[4:28] over those again if this
group would like us to do so.
[4:32] Otherwise, we would
entertain any questions
[4:34] that you have about this tip.
[4:37] I am.
[4:40] Speaking for myself.
[4:40] This is speaking for
myself, I appreciate
[4:45] the slides at the last meeting.
[4:46] I don't know that I
need to revisit those.
[4:49] I did want to ask two questions.
[4:51] The first, if there was any
public comment on tip 33 or 34
[4:57] and.
[5:00] And interest, I understood that
we also had a tip 35 out there.
[5:04] And if that was also
being considered.
[5:08] Yes to my recollection,
I don't believe we had
[5:11] any public comment on 33 or 34.
[5:15] As far as 1035, that one
has been pulled temporarily
[5:19] at the developer's request.
[5:21] So we aren't anticipating any
action on that to adhere today.
[5:25] However, I do have
that noted later
[5:28] on the agenda under
informational, just
[5:30] to provide information as
to where we are with that
[5:33] and what it will look
like moving forward.
[5:35] So it's still in development.
[5:36] Just the timeline has
been changed a bit so
[5:38] that it is not part
of this meeting
[5:40] today in terms of action items.
[5:44] OK great.
[5:45] Thank you.
[5:45] You're welcome.
[5:46] 
[5:50] All right.
[5:50] If there's no
questions I would take
[5:52] a motion for item number one.
[5:54] 
[5:56] I make a motion to approve.
[6:00] I'll second.
[6:01] All right.
[6:02] We have a motion by Cale.
[6:03] Second by Adam.
[6:04] Any other discussion.
[6:06] Not all in favor.
[6:08] Aye moving on to number two.
[6:13] Consideration with
possible action
[6:14] to review the public record.
[6:16] Planning documents
and resolution
[6:19] passed by the Redevelopment
Authority and common council.
[6:21] And adopt a resolution
approving the creation of tax
[6:24] incremental district number
34 to 34, Brook Park.
[6:29] Rebecca thank you.
[6:31] Diana so this is
TID 34 Brook Park.
[6:34] Again, it has followed the
same progression of approvals
[6:37] and received those
approvals from all
[6:39] of the appropriate bodies.
[6:41] I'm here for you today for
your final review and approval
[6:44] as well, just to provide
a bit of background
[6:47] or refresh as far as listed.
[6:50] It's a mixed use district
comprising approximately 153.4
[6:56] acres, generally located in
the Eastern portion of the city
[7:01] bounded by interstate 43
to the West, Humboldt road
[7:04] to the North, Moore
drive to the East,
[7:06] and Bear Creek
Parkway to the South.
[7:09] This district is
proposed to facilitate
[7:13] the development of approximately
155 residential units by type
[7:17] were built, and also
to provide flexibility
[7:21] to support future redevelopment
projects within that district.
[7:25] Eligible project costs include
development incentives,
[7:28] land acquisition,
site preparation,
[7:31] environmental assessment
and remediation,
[7:33] utility and infrastructure
improvements,
[7:35] street and street
streetscape improvements,
[7:38] and administrative expenses.
[7:41] It also includes just of
note projects within that one
[7:44] half mile boundary as well.
[7:47] I did want to explore with you.
[7:51] There has been a slight
change on this particular TID
[7:54] in terms of the TID
boundary, so this differs
[7:57] a bit from what this
group would have
[7:59] seen at the original meeting.
[8:02] Since that first JRB
meeting, the TID boundary
[8:04] has been expanded to
include a additional parcels
[8:09] and that as you see
on the map, would
[8:11] be the southernmost, right.
[8:15] Yeah right.
[8:15] There's that made
perfect 16 and 17,
[8:18] as well as just up into the
left where the two connect.
[8:25] This where you were and where
the two sections will bridge
[8:29] that connects the two
sections and then up
[8:32] in the Northeast area as well.
[8:35] So those last eight parcels
that you see on the list
[8:38] there that accompanies the map.
[8:41] We have added those
because those two
[8:44] southernmost parcels may become
part of the development project.
[8:48] And so we wanted them included
in the TID at this time.
[8:52] What that does, however,
because this is a mixed use TID,
[8:55] there are certain
statutory requirements
[8:57] that it must fulfill, that
being approximately 51%
[9:03] or at least 50% of the district
has to be classified as suitable
[9:07] for mixed use
excuse development,
[9:09] and no more than 35% can be
newly platted residential.
[9:14] So in order to remain in
compliance with the statute,
[9:19] we did have to add some
additional parcels just
[9:22] to make sure that we
could move this forward.
[9:25] You'll see on the screen
here that the district will
[9:29] now consist of 153.44 acres.
[9:34] That's up.
[9:35] 
[9:39] I think 25 sorry, I
don't have that number
[9:42] off the top of my head.
[9:44] But with the addition
of those parcels,
[9:46] we have 77.56 acres, which puts
us at 51% suitable for mixed use
[9:52] development in 53.51 acres
within that 35% newly
[9:58] planted residential threshold.
[10:00] So with that, this is the
boundary of the new TID
[10:05] that has changed.
[10:06] However, the development,
the anticipated value
[10:11] of 57.8 million.
[10:13] The project cost
the PAYGO incentive.
[10:15] The financial projections
all remain unchanged,
[10:18] so that's really good.
[10:19] The difference between what
you would have seen before
[10:22] and what's presented
before you today.
[10:25] Well with that, I also
wanted to provide an update.
[10:37] As you all remember from
our previous conversations,
[10:40] we don't have a
development agreement
[10:41] necessarily at this
point like we normally
[10:44] would when we created TID.
[10:46] We are currently working
with the developer
[10:49] and with the
assessor to determine
[10:52] an estimated assessed value for
once the project is complete.
[10:58] So that is still leaving
some flexibility.
[11:04] I guess that is provided
within this project plan,
[11:09] but may change as we work
through the development
[11:11] agreement with the developer.
[11:15] So that was kind
of a lot, but we'll
[11:18] take any questions
if you'd like to see
[11:21] additional slides for this Ted.
[11:23] We're certainly happy
to show those as well.
[11:25] 
[11:29] Anyway no questions.
[11:32] Thank you.
[11:33] Great there's no question.
[11:35] No additional questions.
[11:36] I would take a motion
for item number two.
[11:39] Thank you.
[11:40] Motion I'll second.
[11:43] All right.
[11:44] We have a motion by Cale.
[11:45] Second by Adam.
[11:46] All in favor.
[11:48] Aye that passes.
[11:50] Moving on to the
informational section.
[11:52] 235 200 North Monroe.
[11:54] Creation schedule.
[11:56] Rebecca OK.
[11:57] Thank you.
[11:57] Diana so, as Adam
was asking before,
[12:00] we have seen TID 35
or 200 North Monroe
[12:03] TID at our previous meeting.
[12:05] As I mentioned, the developer
has requested that we hold off
[12:10] on creating this tip for
a January 2026 space year
[12:15] and instead to accommodate
a January 1, 2027 base year.
[12:20] And that would be
with the intent
[12:22] to better align the
timing of the TID
[12:24] with what they're looking at
for construction and project
[12:29] development schedules,
and to maximize
[12:32] the available increment.
[12:34] So with that, we've
conferred with Ehlers.
[12:36] We understand that there will
be some modifications based
[12:40] on changing frames
and what that might
[12:43] look like in terms of the
projections and the years.
[12:48] So what we will plan to do is
hold off on getting council
[12:54] approval, is that essentially
becomes the date that's used
[12:58] to determine the base year.
[12:59] So we would hold off, bring
that to council in October
[13:05] in order to move ahead to
that next base year schedule,
[13:09] and then bring it back to
the joint review board.
[13:12] Shortly after council approval.
[13:16] Of course, that date would
have to be determined.
[13:19] 
[13:22] Did you have anything that
you wanted to add on anything.
[13:26] Just a little bit.
[13:28] We're still very excited
about this development.
[13:32] It's 168 new workforce housing
units at 200 North Monroe.
[13:38] 
[13:40] We have the development
agreement approved.
[13:44] We had initially hoped
to transfer ownership
[13:46] of the property this year
so they could get started
[13:49] on construction this year.
[13:50] The developer has
identified some site issues.
[13:54] That is just going to
take a little bit more
[13:56] time dealing with
soils and planning
[14:01] for better foundation systems.
[14:06] And then also working
with us on the relocation
[14:10] of some power lines that
are existing on the site.
[14:12] So additional time is being
requested from the developer
[14:17] to work through
those challenges,
[14:20] and we hope to start transfer
of ownership of the property
[14:24] early next year.
[14:25] So they can start
construction in spring.
[14:28] So just with the
shift in the timeline,
[14:30] it makes more sense to pause
on the creation of this TID
[14:34] so that we can establish
a base here in 2027.
[14:47] All right.
[14:49] Just informational.
[14:50] If there's no other
questions, I'll be looking
[14:53] for a motion for adjournment.
[14:54] 
[14:57] Adam I'll make the
motion to adjourn.
[15:01] All right.
[15:02] We have a motion by Adam.
[15:04] Second by Cale.
[15:06] All in favor.
[15:08] Aye passes.
[15:10] We are adjourned.
[15:11] Thank you.
[15:12] Thanks, guys.
[15:13] Recording stop.