Minutes: TIF #7 Creation: December 14, 2006

JOINT REVIEW BOARD

CITY OF EVANSVILLE, WISCONSIN

TAX INCREMENTAL DISTRICT NO. 7 CREATION

December 14, 2006, 9:00 a.m.

City Hall, 31 South Madison Street, Evansville, WI

MINUTES

The meeting was called to order at 9:05 a.m. by Chairperson, Sandy Decker. Present were Dick Shikoski, Blackhawk Technical College; Deb Olsen, Evansville Community School District; Sandy Decker, City of Evansville Mayor; and Rebecca DeMarb, Public Member. Steve Eager, Rock County Supervisor, arrived at 9:18 a.m. Also present was Dave Wagner, Ehlers & Associates.

Motion by Mr. Shikoski, seconded by Ms. Olsen, to approve the November 6, 2006 minutes as corrected (Ms. DeMarb was not in attendance at the November 6 meeting). Motion carried.

Mr. Wagner reviewed the planning documents, public record, Plan Commission resolution adopting the project plan and Common Council resolution approving the creation of Tax Incremental District #7. He explained the Joint Review Board must make the findings that: the development expected in the District would not occur without the use of tax increment financing and the creation of a tax increment district; the economic benefits of the District, as measured by increased employment, business and personal income and property value, are sufficient to compensate for the cost of the improvements; and the benefits of the proposal outweigh the anticipated tax increments to be paid by the owners of property in the overlying taxing district..

Motion by Ms. Olsen, seconded by Mr. Shikoski, to approve the Joint Review Board Resolution Creating Tax Incremental District #7, City of Evansville, WI. The Resolution includes the required findings. Motion carried.

Motion by Mr. Eager, seconded by Ms. DeMarb, to disband the Joint Review Board. Motion carried.

Motion by Ms. DeMarb, seconded by Mr. Shikoski, to adjourn the meeting. Motion carried.

Prepared by:

Sandra J. Decker, Mayor