1 00:00:04,080 --> 00:00:13,840 All right, welcome everybody to our regular scheduled city council meeting. 2 00:00:10,000 --> 00:00:18,640 Tonight is Tuesday, September 1st, 2026 at 6 PM. And I'll call this meeting to 3 00:00:15,920 --> 00:00:24,560 order and we'll begin always as we always do with the Pledge of Allegiance. 4 00:00:21,680 --> 00:00:32,519 I pledge algiance to the flag of the United States of America and to the 5 00:00:27,119 --> 00:00:32,519 republic for it stands one nation 6 00:00:33,120 --> 00:00:36,920 and justice for all. 7 00:00:44,640 --> 00:00:52,399 » Okay, we'll have uh Barb, our clerk, read our open meeting statement for us. 8 00:00:50,480 --> 00:00:56,879 This meeting and all meetings of the com common council are open to the public. 9 00:00:54,399 --> 00:01:00,719 Proper notice has been posted and given to the media in accordance with 10 00:00:58,239 --> 00:01:05,680 Wisconsin state statutes so the citizens may be aware of the time, place, and 11 00:01:02,399 --> 00:01:10,400 agenda of this meeting. >> And would you take role of our older 12 00:01:09,119 --> 00:01:12,320 persons that are here tonight? >> Sure. 13 00:01:11,520 --> 00:01:14,000 » Mayor Smith >> here. 14 00:01:12,960 --> 00:01:15,600 » Colin Dystra >> here. 15 00:01:14,560 --> 00:01:17,119 » Paul Hagen >> here. 16 00:01:16,080 --> 00:01:18,479 » Eric Halverson >> here. 17 00:01:17,520 --> 00:01:20,400 » Dmitri Martin >> here. Paul Mayo 18 00:01:19,920 --> 00:01:22,000 » here. >> Cory Nagel 19 00:01:21,280 --> 00:01:23,360 » here. >> Eric Olsen 20 00:01:22,960 --> 00:01:24,960 » here. >> Dave Peterson 21 00:01:24,320 --> 00:01:26,560 » here. >> Scott Bchadsky 22 00:01:26,080 --> 00:01:32,000 » here. >> Henry Veliker. 23 00:01:28,479 --> 00:01:35,920 » Nine present. We have a quorum. >> And Barb, please start the introduction 24 00:01:34,000 --> 00:01:41,040 of the departments, please. >> Barb Noak, city clerk. 25 00:01:38,479 --> 00:01:45,520 Laura Colbert, city administrator. >> Eric Bailey, library director. Greg 26 00:01:43,600 --> 00:01:50,960 Roman, finance director. >> Justin Barren, director of public works. 27 00:01:48,479 --> 00:01:54,640 Leslie Byersdorf, interim of the park and rec department. 28 00:01:52,720 --> 00:02:00,640 » Pete Crager, chief of police. >> Thanks. And of course, Josh is in the 29 00:01:57,439 --> 00:02:04,560 back room uh handling the IT for tonight. 30 00:02:02,240 --> 00:02:09,840 Uh next up or so, our first item on our agenda is the uh consent agenda. Uh this 31 00:02:07,840 --> 00:02:14,080 is where we take those few items that are on the consent agenda with one 32 00:02:12,239 --> 00:02:18,080 motion unless you see something that you would like move to the regular agenda 33 00:02:16,480 --> 00:02:23,599 where you would vote on that individually. 34 00:02:20,720 --> 00:02:27,120 Uh hearing none uh we would entertain a motion to approve the consent agenda as 35 00:02:26,319 --> 00:02:31,920 printed. >> Motion to approve. Second 36 00:02:29,120 --> 00:02:37,360 » motion by Olson, second by Distra that we approve the consent agenda as 37 00:02:33,920 --> 00:02:39,920 printed. discussion. All in favor signify by saying I. 38 00:02:39,200 --> 00:02:45,440 » I. >> Against say no. Motion carried. Regular 39 00:02:43,680 --> 00:02:50,560 agenda. Uh no additions or 40 00:02:48,160 --> 00:02:56,480 uh changes to the regular agenda that we have. Uh so again, we'd be just looking 41 00:02:53,280 --> 00:03:01,680 for a motion to approve. >> Move to approve as 42 00:02:58,720 --> 00:03:06,319 » motion by Peterson. Uh second by Olsen that we approve the 43 00:03:03,680 --> 00:03:09,840 regular agenda as printed. All in favor signify by saying I. 44 00:03:09,280 --> 00:03:15,159 » I. >> Against say no. Motion carried. 45 00:03:16,480 --> 00:03:24,159 Uh non-aggenda items. Uh announcements and correspondence. This is uh first up 46 00:03:22,000 --> 00:03:29,519 is public input. Uh if there's anybody in the audience uh 47 00:03:26,720 --> 00:03:34,080 staff or council members that would like to speak to us on a n Agenda item. 48 00:03:32,720 --> 00:03:38,959 Please give please give your name and address for the record. Limit your time 49 00:03:35,840 --> 00:03:41,959 to three minutes or less. Any public input? 50 00:03:42,720 --> 00:03:49,599 All right. Uh let's move on then to uh new business. 51 00:03:47,040 --> 00:03:54,159 Uh this is consideration of street closures 52 00:03:51,599 --> 00:03:58,000 for the Halloween on main event which is going to be held Friday, October 30th, 53 00:03:56,319 --> 00:04:02,640 2026. And Leslie gets her first item here. 54 00:04:04,239 --> 00:04:13,360 Good evening. We are well on the way of all of the um 55 00:04:10,879 --> 00:04:20,000 logistics for this year's Halloween on Maine. Um which will be that October 56 00:04:16,880 --> 00:04:25,520 30th. Um it is going to be that Friday night. And we are requesting a street 57 00:04:22,639 --> 00:04:30,400 closure that was similar to last year for 2025. 58 00:04:27,280 --> 00:04:38,160 Um we've adjusted the touch truck activities to move through the entire 59 00:04:33,280 --> 00:04:45,120 main street. Um and then we are asking that um Main Street and Water Street are 60 00:04:42,479 --> 00:04:48,240 closed up from the intersection of Elm and Division all the way down 61 00:04:48,203 --> 00:04:56,320 » [clears throat] >> um to that um Badger Street. Uh the one 62 00:04:54,240 --> 00:05:02,479 thing that's not in the packet is that we will be having two crossing guards on 63 00:04:59,520 --> 00:05:10,240 Maine and Badger there so people can safely cross the street from the um 64 00:05:07,120 --> 00:05:15,840 trunk or treat at Trinity Lutheran. Um and then anyone that is parking over in 65 00:05:13,039 --> 00:05:21,720 the Trinity parking lot um would be able to safely cross over to Main Street. 66 00:05:23,120 --> 00:05:30,720 Um, also we are requesting that on Granite 67 00:05:27,840 --> 00:05:35,360 Street that that intersection um with W Washington Street is closed and then 68 00:05:33,600 --> 00:05:41,280 that Elm Street, Division Street, and the Mil Street intersection will remain 69 00:05:37,280 --> 00:05:48,759 open for um traffic to um be able to move through and around 70 00:05:45,360 --> 00:05:48,759 if necessary. 71 00:05:50,080 --> 00:05:56,720 Okay. So, the [clears throat] request is uh 72 00:05:54,400 --> 00:06:01,919 for the street closures and Leslie, thank you for the additional 73 00:05:57,759 --> 00:06:07,440 information, but uh we're looking for um a motion to approve uh those street 74 00:06:05,199 --> 00:06:11,440 closures that you can see on page 24 of your packet 75 00:06:09,199 --> 00:06:15,440 uh for the Halloween on Maine, which is going to be held on October 30th. Do we 76 00:06:14,080 --> 00:06:19,120 have a motion? >> So, moved second. Hagen second by 77 00:06:18,720 --> 00:06:23,199 » second >> Dystra 78 00:06:20,240 --> 00:06:27,360 » that we approve of the uh street closures for the Halloween on Maine. Any 79 00:06:25,520 --> 00:06:31,199 discussion? >> All in favor signify by saying I. 80 00:06:30,400 --> 00:06:34,840 » I. >> Against say no. 81 00:06:39,360 --> 00:06:46,800 Uh next is uh license report number 1768. 82 00:06:44,800 --> 00:06:51,280 Uh, this is an operator's license. If you look on page 25 of your packet, 83 00:06:48,960 --> 00:06:56,160 you'll see that there's one individual on there that is applying for a 84 00:06:53,440 --> 00:07:01,680 bartender's license. We just need a motion to approve that. 85 00:06:59,840 --> 00:07:08,400 » Motion to approve. >> Motion by Olsen, second by Peterson that 86 00:07:04,080 --> 00:07:11,639 we approve license report number 1768. Any discussion? 87 00:07:11,840 --> 00:07:19,199 All in favor signify by saying I. >> I. 88 00:07:15,280 --> 00:07:22,000 » Against say no. Motion carried. Uh [clears throat] communications 89 00:07:20,400 --> 00:07:27,199 recommendations of the mayor. Don't forget uh when we're done uh with this 90 00:07:25,759 --> 00:07:30,400 meeting. We do have another meeting tonight. It's a committee of the whole 91 00:07:28,639 --> 00:07:33,919 meeting. Committee of the whole meetings of course are meetings that 92 00:07:32,160 --> 00:07:38,479 areformational purposes only. We don't take any action 93 00:07:36,560 --> 00:07:46,880 at those. But we will be collecting information that has to do with um 94 00:07:43,680 --> 00:07:52,800 uh the TIDS tonight. Uh we'll have a presentation by our finance director uh 95 00:07:49,599 --> 00:07:57,520 Greg uh on the TIDS and how well they're doing. 96 00:07:55,599 --> 00:08:02,720 Anything else? Anybody else have anything else for the meeting? 97 00:08:00,879 --> 00:08:06,725 Have I surpassed it yet? Can I keep talking? 98 00:08:04,705 --> 00:08:06,725 [laughter] 99 00:08:07,039 --> 00:08:14,000 We need a motion to adjurnn. Uh motion by Hagen, second by Olsson that we 100 00:08:11,039 --> 00:08:15,440 adjourn. All in favor signify by saying I. 101 00:08:14,879 --> 00:08:21,080 » I. >> Against say no. Motion carried. We're 102 00:08:17,919 --> 00:08:23,100 adjourned at uh 6:08 p.m. [clears throat] 103 00:08:24,639 --> 00:08:31,520 Wow. Uh >> okay. 104 00:08:29,280 --> 00:08:37,159 » So let's let's go right in. Anybody need a break? [laughter] 105 00:08:34,159 --> 00:08:37,159 Uh, 106 00:08:39,360 --> 00:08:42,519 you ready? 107 00:08:42,560 --> 00:08:48,880 » Okay. All right. Let's go right into the committee of the whole meeting. Uh, we I 108 00:08:47,600 --> 00:08:54,399 will call the committee of the whole meeting to order. It's Tuesday, 109 00:08:50,160 --> 00:09:01,160 September 1st, 2026. Uh, the time is 6:09 p.m. Uh, Barb, you want to take 110 00:08:57,839 --> 00:09:01,160 role again? 111 00:09:01,440 --> 00:09:04,000 Mayor Smith >> here. 112 00:09:02,959 --> 00:09:05,600 » Colin Dystra >> here. 113 00:09:04,720 --> 00:09:07,680 » Paul Hagen >> here. 114 00:09:06,640 --> 00:09:08,959 » Eric Halverson >> here. 115 00:09:08,080 --> 00:09:10,560 » Demetri Martin >> here. 116 00:09:09,760 --> 00:09:12,240 » Paul Mayo >> here. 117 00:09:11,360 --> 00:09:13,760 » Cory Nagel >> here. 118 00:09:12,880 --> 00:09:15,279 » Eric Olsen >> here. 119 00:09:14,399 --> 00:09:16,800 » Dave Peterson >> here. 120 00:09:15,760 --> 00:09:19,200 » Scott Paskki >> here. 121 00:09:17,680 --> 00:09:23,200 » Henry, nine eyes, nine present. We have a 122 00:09:22,160 --> 00:09:29,040 quorum. >> All right. You you have on your agenda 123 00:09:25,600 --> 00:09:34,320 that the meat of the agenda is is number three. 124 00:09:30,640 --> 00:09:40,000 Um, we are going to change this up just a little bit tonight. Uh, so for this 125 00:09:38,000 --> 00:09:45,760 meeting, we are only going to be discussing the the TIDS or the tiff 126 00:09:42,399 --> 00:09:52,640 districts as as we like to call them. Uh, we will not be uh discussing transit 127 00:09:49,680 --> 00:09:59,440 tonight. We need a little bit more time to present the transit uh u information 128 00:09:57,279 --> 00:10:05,600 to you. We want to make sure that we we have everything correct there before um 129 00:10:03,040 --> 00:10:09,360 we do that. And that should be the transit should be fairly simple anyways. 130 00:10:07,600 --> 00:10:14,640 Remember that we uh got out of the transit business and have turned it over 131 00:10:12,000 --> 00:10:19,839 to the county. We still are going to be responsible for some of the funding of 132 00:10:16,560 --> 00:10:25,760 that that transit. Uh and that's what we need to to work on a little bit more to 133 00:10:22,399 --> 00:10:29,760 fully understand that. So really, if you are approving the agenda, if you're 134 00:10:27,760 --> 00:10:34,399 making a motion to approve the agenda, it's only to discuss the uh TIFF 135 00:10:32,160 --> 00:10:38,560 overviews for tonight. So I'm looking for a motion to approve. 136 00:10:36,640 --> 00:10:42,640 » Motion to approve with the changes. >> Second. 137 00:10:39,680 --> 00:10:46,720 » Uh motion by Olsson, second by Nagel. Discussion. All in favor signify by 138 00:10:45,760 --> 00:10:47,839 saying [clears throat] I. >> I. 139 00:10:46,959 --> 00:10:51,360 » I. >> Against. 140 00:10:49,519 --> 00:10:58,959 Motion carried. All right. So, we're going to just go right down to 3B there. 141 00:10:54,480 --> 00:11:03,600 And uh I I will tell you this that uh and maybe Greg's going to say this 142 00:11:00,399 --> 00:11:08,880 anyways, but uh the pre we already have made the presentation to the board of 143 00:11:05,279 --> 00:11:13,360 review, which is our requirement. Uh and uh went well. We met with 144 00:11:10,800 --> 00:11:18,160 representatives from the county, the school district, and Fox Valley Tech as 145 00:11:15,279 --> 00:11:22,880 well as a a citizen at large for the city. and and uh I was and there were a 146 00:11:20,800 --> 00:11:26,959 few of us others that were there that night to too. So basically what you're 147 00:11:25,360 --> 00:11:34,399 going to see tonight is the the presentation that Greg had given at the 148 00:11:30,640 --> 00:11:37,040 board of review meeting. So I will turn it over to Greg. 149 00:11:35,600 --> 00:11:41,120 » All right. Uh thank you mayor. Thank you councel. Um, so as [clears throat] the 150 00:11:39,120 --> 00:11:45,920 mayor had just described, this this had been uh presented to joint review board 151 00:11:43,680 --> 00:11:51,120 um earlier this month. Um, and there were no questions or concerns from the 152 00:11:48,880 --> 00:11:54,000 members of the JRB. Um, I'm just going to walk through that basically again and 153 00:11:52,800 --> 00:11:58,640 stop me at any point if you have questions or concerns or would like to 154 00:11:55,600 --> 00:12:02,640 know more about anything. Um, so kind of starting at the high level, what is a 155 00:12:00,880 --> 00:12:07,279 tax incremental district and why do we have them? Uh so tax incremental 156 00:12:05,200 --> 00:12:12,399 financing is one of the most powerful economic development tools available in 157 00:12:09,360 --> 00:12:15,519 the state. At the basic level, uh tiffs help support community development. Upon 158 00:12:14,079 --> 00:12:21,120 the creation of a tax incremental district, uh property values within the 159 00:12:18,560 --> 00:12:26,800 TID boundaries are frozen. Taxes on new growth called increment are then used to 160 00:12:24,639 --> 00:12:31,120 fund development projects within the TID boundaries that would not otherwise 161 00:12:28,639 --> 00:12:35,279 occur. Uh once the costs for the development projects are repaid, the TID 162 00:12:33,200 --> 00:12:41,440 closes and all taxing jurisdictions benefit from that increased tax base. 163 00:12:38,880 --> 00:12:45,920 Waka has five tax incre incremental districts. Um those are of those there 164 00:12:44,240 --> 00:12:50,000 are two that are blight, one is industrial and then two are mixed use. 165 00:12:48,480 --> 00:12:55,920 So our existing TIDs which are shown there are TID 4 Western Avenue um which 166 00:12:53,120 --> 00:13:02,639 is along Fulton Street, TID 8 East Gateway um around the airport Fleet Farm 167 00:12:59,040 --> 00:13:08,560 area, uh TID 10 Badger Street in the downtown area, TID 11 River North and 168 00:13:05,600 --> 00:13:13,120 TID 12 along Churchill Street. Uh collectively since their inception, 169 00:13:10,639 --> 00:13:19,680 these TIDs have generated over $92 million in new base value or new value 170 00:13:16,800 --> 00:13:24,000 compared to their base. Um I'm just going to go through these now uh one by 171 00:13:21,760 --> 00:13:30,160 one. Um you'll see we'll start with just a beef brief description around uh the 172 00:13:26,880 --> 00:13:33,360 TID performance in 2025 at year end 2025 which is where the do reports the 173 00:13:31,600 --> 00:13:37,760 permanent revenue are um are pulling from and then um the performer will 174 00:13:35,920 --> 00:13:45,320 follow that as well. So on this map, you'll see um where all of those TIDs 175 00:13:40,160 --> 00:13:45,320 are located within the city boundaries. 176 00:13:46,000 --> 00:13:53,519 And then if you scroll down to the next page, we'll start with TID number four, 177 00:13:50,240 --> 00:14:00,720 which uh TID 4 is one of our uh most successful TIDs. was established in 2000 178 00:13:56,959 --> 00:14:08,959 and at the end of 2025 has achieved a TID value of over 53 million and it's 179 00:14:05,040 --> 00:14:14,320 increased 8% from last year. Uh TID is TID 4 is a recognized donor TID uh 180 00:14:11,839 --> 00:14:18,480 meaning that it is using its uh performance to help support other 181 00:14:15,920 --> 00:14:24,959 distressed TIDs that have obligations due to water and sewer and the general 182 00:14:21,120 --> 00:14:30,720 fund and debt service. Um, TID 4, TID 4 is currently donating to TID 8 and we 183 00:14:27,360 --> 00:14:37,519 expect TID 4 to remain open um through its maximum legal life of 2034 to 184 00:14:34,240 --> 00:14:41,560 support TID 8's obligation to uh water, sewer, and the debt service fund. 185 00:14:41,600 --> 00:14:48,160 And uh that's going to be probably hard for you to read. [laughter] 186 00:14:46,800 --> 00:14:52,320 » They should have it in their packet though, too. 187 00:14:48,720 --> 00:14:57,360 » That's true. So this just shows the um the cash flow in this TID. Uh the 188 00:14:55,680 --> 00:15:02,399 primary thing to pay attention there to is the transfers to TID 8 I would say 189 00:15:00,079 --> 00:15:08,880 which demonstrate uh what will be required to transfer into TID 8 uh to 190 00:15:05,440 --> 00:15:13,600 make TID 8 whole. And a lot of those obligations to TID 8 191 00:15:11,040 --> 00:15:17,920 stem from initial investments in that district uh to support major 192 00:15:15,680 --> 00:15:23,519 infrastructure projects. Uh and if you move to the next page, 193 00:15:20,880 --> 00:15:28,399 we'll talk more about TID 8 itself. Uh so TID 8 incorpor encompasses the 194 00:15:26,639 --> 00:15:34,240 area shown here. So a large part of the airport and then the Eastgate 195 00:15:29,839 --> 00:15:41,279 neighborhood. Um it was uh established in 2001 and has a yearend TID value of 196 00:15:38,480 --> 00:15:46,560 around $ 32.5 million uh which has increased by about $3.5 million from 197 00:15:43,839 --> 00:15:50,480 last year. This one does carry a substantial debt balance which we had 198 00:15:48,079 --> 00:15:56,000 talked about before. Uh and that debt must be repaid before it closes. Um it 199 00:15:53,920 --> 00:16:00,000 is a designated distressed TID which allowed us to extend its maximum life 200 00:15:57,920 --> 00:16:06,000 through 2034. We intend on keeping it open through its 201 00:16:02,240 --> 00:16:12,480 maximum legal life um and closing it with uh with donations from TID 4. uh we 202 00:16:10,480 --> 00:16:16,800 expect that it will be able to pay off all of its outstanding obligations at 203 00:16:14,800 --> 00:16:20,800 closure and I did confirm that today with the auditors as well. So you have 204 00:16:18,240 --> 00:16:29,199 it from Barrett and the auditors. >> Can I just touch on that just so we uh 205 00:16:24,720 --> 00:16:37,440 uh are clear on this? So we have uh the outstanding debt that TID aid has now is 206 00:16:33,680 --> 00:16:44,639 uh owed really to our water utility, our sewer utility and then to the amounts 207 00:16:39,839 --> 00:16:49,920 that the general fund uh lent to date throughout the beginning life of of that 208 00:16:47,040 --> 00:16:55,199 project as as that that was getting up and and running and stuff like that. So 209 00:16:52,639 --> 00:16:57,680 there is no outside if you count water and sewer as part of the city which it 210 00:16:56,959 --> 00:17:04,240 is. >> There is no outside debt outside of of 211 00:17:00,000 --> 00:17:10,799 of those three items. Uh the water we we're required by the PSC to pay the 212 00:17:07,439 --> 00:17:15,039 water debt back. The sewer debt we're not required to pay it back but it makes 213 00:17:13,280 --> 00:17:19,760 sense that we pay it back since we did borrow from that enterprise fund. And 214 00:17:18,319 --> 00:17:26,240 the same thing is true with the general fund too. the city council could decide 215 00:17:22,319 --> 00:17:31,840 not to pay back uh uh the general fund, but again, that is money that taxpayers 216 00:17:29,039 --> 00:17:38,080 have paid towards that TID and and so right now we're on that 217 00:17:33,919 --> 00:17:41,440 » uh that plan that uh all of these debts will get pretty close to being 218 00:17:40,080 --> 00:17:44,240 completely paid off. >> So, 219 00:17:42,160 --> 00:17:47,120 » just to clarify a little bit what Greg said. 220 00:17:45,440 --> 00:17:50,880 » Thank you. >> Go ahead, Greg. 221 00:17:48,400 --> 00:17:55,440 » Okay. Thank you, mayor. Um, next let's look at TID 10. Uh, this TID was also 222 00:17:53,440 --> 00:18:04,080 created in 2001. Um, and it has a 2025 year-end value of 223 00:17:59,520 --> 00:18:08,320 $4.9 million. Um, we expect that the the 2026 year-end value for this TID will 224 00:18:06,320 --> 00:18:12,799 actually be substantially increased due to the successful completion of that 30 225 00:18:10,480 --> 00:18:17,360 unit market rate apartment project um done by Schuli Properties. Um so that 226 00:18:15,600 --> 00:18:22,160 that that value is not on its 2025 year-end 227 00:18:19,679 --> 00:18:26,880 report. Um but expect that to hit in 2026 which will which will be 228 00:18:23,840 --> 00:18:34,039 significant for this TID. Uh this TID is um expected to close in 2028. So it'll 229 00:18:29,039 --> 00:18:34,039 be the next TID in line to close. 230 00:18:34,320 --> 00:18:42,400 And then um TID 11. This is River North. Obviously um 231 00:18:40,799 --> 00:18:48,240 something that we've spent a lot of time recently working on. This was created in 232 00:18:44,400 --> 00:18:54,240 2022. Um we are seeing um really significant increases in the valuation 233 00:18:49,919 --> 00:19:00,480 of this TID which is expected. Um we in 2025 saw the value of this TID uh grow 234 00:18:58,559 --> 00:19:04,559 19% from the year prior which is significant and we're expecting 235 00:19:02,160 --> 00:19:09,360 continued further growth in this as uh future projects that are currently under 236 00:19:06,240 --> 00:19:16,640 development uh with TYOR um are realized. Um so in 25 uh there was the 237 00:19:13,679 --> 00:19:21,360 successful construction and occupancy of a 45 unit affordable housing project 238 00:19:19,200 --> 00:19:26,559 from Mosaic and then of course as you know Tyor is out there building um 35 239 00:19:23,919 --> 00:19:31,440 single family home homes and 124 market rate apartment units. Um so expect to 240 00:19:28,880 --> 00:19:36,120 see those show up in the uh valuation of Tit 11 in the next few years. 241 00:19:36,320 --> 00:19:44,080 If I can uh just touch on the which is probably shows on the next page but 242 00:19:42,160 --> 00:19:51,360 touch on how we handled the tent. Just to remind everybody uh 243 00:19:48,080 --> 00:19:57,919 Daikor the the developer actually paid for all of the infrastructure which is 244 00:19:55,200 --> 00:20:04,320 not normally what's happened in the TID district. So they paid for 100% of of 245 00:20:01,120 --> 00:20:11,039 the uh of of the roads, the sewer and the water that that went in there. And 246 00:20:06,880 --> 00:20:16,160 uh so their payment back uh in in our tiff agreement is to pay is a higher 247 00:20:14,000 --> 00:20:22,320 percentage. And the reason that is is because we're basically paying back for 248 00:20:18,720 --> 00:20:26,160 putting in the roads and the main sewer lines and water lines too. We're not 249 00:20:24,559 --> 00:20:30,720 They're still paying for the laterals that go to the homes, but but the main 250 00:20:28,400 --> 00:20:34,640 sewer and water lines are are city responsibility and so are the roads, the 251 00:20:32,559 --> 00:20:39,440 curbs, the sidewalk that are not adjacent to the home. So that is 252 00:20:37,200 --> 00:20:43,919 something that they did and so we'll be paying them back over that uh 253 00:20:42,549 --> 00:20:50,799 [clears throat] period of time that we have in that agreement. Um so yeah. 254 00:20:47,679 --> 00:20:56,880 » Yeah. Thank you, Mayor. And then finally, we have a TID 12 uh 255 00:20:54,159 --> 00:21:03,039 Churchill Street. Uh this was created in 20 uh 22. Um and the hope with the 256 00:21:00,240 --> 00:21:08,640 creation of this TID was to help induce the redevelopment of a couple of former 257 00:21:05,520 --> 00:21:14,720 industrial sites into um what we were hoping would be commercial um to medium 258 00:21:11,919 --> 00:21:20,080 or high density residential. Um at this time there have not been any projects in 259 00:21:17,600 --> 00:21:23,320 this TID. uh but the the TID is still quite young. 260 00:21:25,200 --> 00:21:31,200 And then um through the rest of the packet you'll see uh the TID annual 261 00:21:29,200 --> 00:21:35,600 reports um which were completed by our auditors um in compliance with the DO 262 00:21:34,000 --> 00:21:40,880 requirements. And um that is really all that I have to 263 00:21:38,720 --> 00:21:46,240 present on the TIDS. Um if there are any questions, I'd be happy to walk through 264 00:21:42,320 --> 00:21:55,039 those. Um, one of the things that I should mention as well is that the uh we 265 00:21:51,840 --> 00:22:00,559 are not able to create new TIDs when the TID value exceeds 13% of our equalized 266 00:21:57,919 --> 00:22:04,320 valuation. Right now it's like 13.2%. So once TID 10 closes, we'll probably be 267 00:22:02,320 --> 00:22:08,880 able to do that in 28. And then there's also some new TID laws around affordable 268 00:22:06,640 --> 00:22:14,159 housing, TIDS, um, which could be a tool for us too, but that's still sort of 269 00:22:11,039 --> 00:22:16,720 being figured out at at the capital. Um, so there there could be some exciting 270 00:22:15,520 --> 00:22:19,919 opportunities to use TIDs to support affordable housing in the future as 271 00:22:18,080 --> 00:22:26,240 well. >> I think uh if you 272 00:22:23,760 --> 00:22:32,799 take a look at uh the performer that's on page 18, I think this is important 273 00:22:29,440 --> 00:22:38,960 for us to understand this too. Um if you look under the the background data 274 00:22:36,720 --> 00:22:45,360 uh which is in the green area way on the left uh and you will see uh it starts in 275 00:22:43,280 --> 00:22:52,400 2025. Um and that's what Greg was alluding to 276 00:22:48,640 --> 00:22:59,840 when he said that uh there was uh an increase of about $3 million in there. 277 00:22:55,679 --> 00:23:06,000 We did have uh built into that proforma uh almost $4 million. So we are a little 278 00:23:03,280 --> 00:23:11,840 short and uh at the beginning of this project and hopefully we'll make that up 279 00:23:07,679 --> 00:23:18,159 as we go. Um again uh the apartment buildings are going up pretty fast now 280 00:23:14,559 --> 00:23:23,200 that are on um Godfrey, is that right? Godfrey Drive uh by the bus garage 281 00:23:20,720 --> 00:23:28,799 there. Those are going up. I'm not sure if they'll be completed by the end of 282 00:23:25,120 --> 00:23:36,880 2026, but I think that's the plan. And then so far, out of those 35 units of 283 00:23:32,080 --> 00:23:40,880 homes that that um Tyor has said they're going to build, I see that there's nine 284 00:23:38,400 --> 00:23:47,039 of them out there right now. Some are completed, some are just start, a couple 285 00:23:42,960 --> 00:23:52,240 are just started. And so again, uh we're looking for an increment construction 286 00:23:49,120 --> 00:23:57,919 increment of about $5.6 $6 million there. We'll have to keep a close eye on 287 00:23:54,559 --> 00:24:03,600 that to make sure that uh that uh we're meeting those goals. It's not to say 288 00:24:00,080 --> 00:24:09,280 that some of those monies, those construction increment might not fall 289 00:24:05,679 --> 00:24:15,520 into later years that are that are in there. Um as long as we are still within 290 00:24:12,880 --> 00:24:20,720 the ability to pay out there. I think the key to this to tell you the truth is 291 00:24:17,360 --> 00:24:27,600 is that uh this is just when we talk about the single family homes in 101. 292 00:24:24,240 --> 00:24:31,760 Um this is just the first phase of that. You know, this is just the part by 293 00:24:29,120 --> 00:24:38,559 Royalton Street. There's a there's a whole big area there yet that needs to 294 00:24:35,120 --> 00:24:43,679 be developed that goes from where uh where the current homes are all the way 295 00:24:41,679 --> 00:24:48,960 to Godfrey Drive and stuff like that, too. So, The sooner we can get this 296 00:24:46,159 --> 00:24:55,520 phase one done, the more years we'll have to be able to uh have another uh 297 00:24:53,279 --> 00:25:00,559 development agreement with either Taikor or whoever else wants to do the rest of 298 00:24:57,840 --> 00:25:05,840 the project. So, we need to we need to keep an eye on on that project and hope 299 00:25:03,440 --> 00:25:11,520 that it continues to move forward. And like I said, um they have some goals 300 00:25:08,559 --> 00:25:16,000 they have to meet before we have to uh have to uh pay them uh what our 301 00:25:14,400 --> 00:25:22,159 agreement is and and we're working through that right now. But uh so Eric, 302 00:25:19,919 --> 00:25:27,600 » yeah, I I have a question about TID 12 on Churchill. How do we decide what the 303 00:25:24,960 --> 00:25:31,919 scope of the TID is? I see what's in purple there. I'm just the reason I'm 304 00:25:29,919 --> 00:25:36,559 asking is because I see that that uh building that I think agape was given 305 00:25:34,320 --> 00:25:41,919 whatever that building was now is for sale and I think that's going to be a 306 00:25:38,799 --> 00:25:46,080 tough sale to make. Is there any reason that be can't be included in it as well 307 00:25:44,080 --> 00:25:49,840 or is it once it's established it's done? 308 00:25:47,440 --> 00:25:53,760 » Well, as Greg said, u and again he's getting to be the expert on this. kids 309 00:25:51,679 --> 00:26:01,440 in a hurry, but uh you know, we're already at our 12%. So to trying to 310 00:25:56,400 --> 00:26:08,320 expand TID 12 to include that um would be almost impossible right now. 311 00:26:03,679 --> 00:26:15,679 » Although what we could do is we could expand our boundaries. Uh you can expand 312 00:26:11,520 --> 00:26:21,760 your boundary for a half mile and use funds from 10 TID 12 to help with that 313 00:26:20,000 --> 00:26:28,320 project. The only problem with that is is that it's not a TID project. So the 314 00:26:25,919 --> 00:26:32,480 only one that's going to be sharing in the cost of the city themselves, the 315 00:26:30,159 --> 00:26:37,840 county and the school district and Fox Valley Tech would not we could use Ted 316 00:26:34,400 --> 00:26:41,520 dollars, but we we can't expect them that they'll have to they'll be 317 00:26:39,440 --> 00:26:42,960 participating in that. It would be difficult, 318 00:26:42,320 --> 00:26:50,720 » okay, >> to do. Um, TID Club is a is a TID that 319 00:26:48,960 --> 00:26:55,039 we were hoping would be our Churchill Street quarter type thing, beginning of 320 00:26:52,640 --> 00:27:01,200 our Churchill Street Quarter. We really don't have anything there right now that 321 00:26:58,720 --> 00:27:04,600 is planned. Uh, we see properties there that that 322 00:27:04,640 --> 00:27:13,559 could benefit from TIDS, but we don't we don't see anything really in the near 323 00:27:09,279 --> 00:27:13,559 future there for TID 12. 324 00:27:15,360 --> 00:27:21,360 Go ahead. >> Um I'm curious about TID 8 was created 325 00:27:18,960 --> 00:27:25,760 in 2001. It was declared according to this distressed 326 00:27:23,760 --> 00:27:31,919 2010 and I haven't lived here since 2001. I'm 327 00:27:29,360 --> 00:27:35,520 missing about 20 years of context here, but it looks like the only thing that's 328 00:27:34,320 --> 00:27:43,039 been developed there is that subdivision. So, is there any hope for 329 00:27:39,679 --> 00:27:47,440 this to to continue to generate value or is this about it? 330 00:27:45,679 --> 00:27:51,120 » Well, there there's there's more than the apartments that are out there. I 331 00:27:49,520 --> 00:27:56,480 mean, there's the subdivision that's out there. There's the apartments. There's 332 00:27:54,000 --> 00:27:59,360 » uh there was just a new business that was built on 333 00:27:58,559 --> 00:28:02,360 » what road is that >> Alliance. 334 00:28:04,080 --> 00:28:14,399 it. There's no doubt, Cory, that it is a distress TID. And uh 335 00:28:10,480 --> 00:28:20,880 um TIDA was started uh for two projects. Uh one was the airport runway to expand 336 00:28:18,640 --> 00:28:27,360 uh the uh to to expand to to receive jets. uh 337 00:28:25,360 --> 00:28:33,600 and mainly you know I mean the big impetus for that was uh the foundry you 338 00:28:30,399 --> 00:28:38,240 know at that time was using uh multiple jets in and out of there and the run the 339 00:28:35,679 --> 00:28:43,200 runway that we had was not large enough. Uh we did of course get uh some grant 340 00:28:41,200 --> 00:28:47,360 money to help us through the Bureau of Aeronautics 341 00:28:44,799 --> 00:28:52,080 uh and so on. Uh but the biggest project there and Paul can attest to this too. 342 00:28:50,240 --> 00:28:56,960 The biggest project that we did out there was to put in the overpass that 343 00:28:54,480 --> 00:29:00,559 went over Highway 10. That was County Highway A. It was probably the most 344 00:28:58,960 --> 00:29:07,919 dangerous uh intersection in the county. And and 345 00:29:04,240 --> 00:29:13,760 so the city took it upon themselves to make it not the dangerous most dangerous 346 00:29:10,640 --> 00:29:20,480 intersection. It did end up costing us a lot of money. Uh if we have one regret 347 00:29:17,760 --> 00:29:26,240 out in TID 8 that we maybe maybe we put in sewer and water a little 348 00:29:22,960 --> 00:29:30,080 bit quicker than we needed to. And so that's why you'll see the the the 349 00:29:28,559 --> 00:29:37,520 lending from the water and the sewer funds to cover that. But uh yeah, I I I 350 00:29:34,080 --> 00:29:43,360 think we all along we felt like um it was going to be a difficult tid. 351 00:29:40,559 --> 00:29:49,200 Um I think we were hoping that there would be there is still land out there 352 00:29:46,000 --> 00:29:55,679 to be developed but uh we were hoping that it would develop a lot faster. The 353 00:29:52,000 --> 00:29:59,840 good news is is that it actually is uh um 354 00:29:57,279 --> 00:30:05,520 standing on its own except for the debt that it incurred before you know. So it 355 00:30:03,600 --> 00:30:10,559 if you if you take the debt out of there completely, it actually has generated 356 00:30:08,559 --> 00:30:17,200 quite a bit of additional revenue from where it originally started. 357 00:30:14,960 --> 00:30:23,760 So yeah, that's a that's a tough one. Titate is tough one to explain, but it 358 00:30:20,799 --> 00:30:29,679 it I feel good that we did that project, both of those projects out there. 359 00:30:27,520 --> 00:30:34,559 » Tiff eight got a bad rap from the beginning, but 360 00:30:31,760 --> 00:30:40,120 It it very much helped jumpst start those projects and and was beneficial to 361 00:30:36,960 --> 00:30:40,120 the city. 362 00:30:42,399 --> 00:30:49,320 » Anybody else have any questions of Greg or comments on this? 363 00:30:49,440 --> 00:30:53,760 » Go ahead. >> For 12 on Churchill Street, you said 364 00:30:52,320 --> 00:30:59,720 there was some increment. Where did that come from? 365 00:30:55,840 --> 00:30:59,720 Maybe I'm reading it wrong. 366 00:31:00,960 --> 00:31:06,960 The increment did not come from new construction. Well, I I guess indirectly 367 00:31:05,600 --> 00:31:09,440 it could have. >> Um, 368 00:31:07,679 --> 00:31:12,000 » is it an increase in value? >> It's just increase in value. 369 00:31:10,960 --> 00:31:15,360 » Yeah. Okay, >> that's all. 370 00:31:12,880 --> 00:31:15,360 » Thank you. 371 00:31:18,080 --> 00:31:23,840 The only other thing that I could tell you is, and Greg hit on this, and I hit 372 00:31:21,360 --> 00:31:31,600 on it once before, too, uh, we are not able to do any other TIDs 373 00:31:27,919 --> 00:31:38,159 until we get below that 12%. So if we were to decide to close any of these 374 00:31:34,640 --> 00:31:42,880 tids where they're projected earlier, it would be because we feel like we have a 375 00:31:40,399 --> 00:31:49,919 project that we need to be get we need to get under that 12%. 376 00:31:45,600 --> 00:31:55,039 We just don't have anything like that um in the workings right now, but who knows 377 00:31:53,440 --> 00:31:58,880 in the next couple years or so there there might be something that happens 378 00:31:57,279 --> 00:32:02,600 there. We'll see. Anybody 379 00:32:02,640 --> 00:32:05,640 else? 380 00:32:06,159 --> 00:32:12,480 Greg, thank you. Nice job. [snorts] Of course. 381 00:32:09,919 --> 00:32:17,279 » Um, anything else for the good of this committee, the whole meeting? 382 00:32:15,200 --> 00:32:20,320 We need a motion to adjurnn. >> Second. 383 00:32:17,679 --> 00:32:23,840 » Aen Olsson. All in favor signify by saying I. I. I. 384 00:32:22,000 --> 00:32:30,960 » Against say no. >> Motion carried. We'rejourned at 6:32 385 00:32:27,279 --> 00:32:30,960 p.m. Have a great night, everybody.