Tax Incremental Districts Joint Review Board

AGENDA OF THE TAX INCREMENTAL DISTRICTS JOINT REVIEW BOARD THURSDAY, JUNE 23, 2022, 2:00 PM Virtual Meeting. Public may join via Zoom. A. Zoom Meeting Information. 1. This item contains Zoom information, instructions, and a link to the Virtual Comment Form. B. Roll Call. 1. Members: Diana Ellenbecker, City of Green Bay; Bradley Klingsporn, Brown County; Josh Patchak, Green Bay Area Public School District; Bob Matthews, Northeast Wisconsin Technical College; Brent Weycker, Citizen Member. C. Approval of the Agenda. 1. Approval of the agenda for the June 23, 2022, meeting of the Tax Incremental Districts Joint Review Committee. D. Approval of Minutes. 1. Approval of the minutes from the June 23, 2021 meeting. E. Regular Business. 1. Consideration with possible action on the 2021 Annual Report on Tax Increment Finance Districts in the City of Green Bay. 2. Consideration with possible action to adopt an Allocation Amendment Resolution and to amend the Project Plan for TID Four (4) Downtown. 3. Consideration with possible action to amend the Project Plan for TID Ten (10) Main Street and East Mason Street to add eligible projects. 4. Consideration with possible action to adopt an Allocation Amendment Resolution and to amend the Project Plan for TID Twelve (12) I-43 Industrial Park. Agenda of the Tax Incremental Districts Joint Review Board June 23, 2022 Page 1  5. Consideration with possible action to extend TID Fourteen (14) by three years, and adopt an Allocation Amendment Resolution and amend the Project Plan for TID Fourteen (14), the North Broadway corridor. 6. Consideration with possible action to adopt an Allocation Amendment Resolution and amend the Project Plan for TID Twenty-Two (22), the Shipyard. 7. Consideration with possible action to adopt a Creation Resolution to establish TID Number Twenty-four (24), Cherry Street, and adopt the Project Plan. TID 24 is generally located in the area north of E. Walnut Street, south of Northland Ave, west of N. Adams Street, and east of N. Washington Street. TID 24 will be classified as a mixed-use district based on the identification and classification of the property proposed to be included within the TID. Proposed projects include cash grants and loans to owners, lessees, or developers of property within the TID; road, pedestrian, bicycle, and other transportation improvements; potable water, sanitary sewer, and storm water infrastructure; environmentally sustainable infrastructure, public spaces and amenities; land acquisition, environmental remediation, structural rehabilitation, and new construction; and administration. The proposed costs include projects within the proposed boundary and within a one-half (1/2) mile radius of the proposed boundary of the TID. 8. Consideration with possible action to adopt a Creation Resolution to establish TID Number Twenty-five (25), Monroe Street, and adopt the Project Plan. TID 25 is generally located in the area east of N. Monroe Avenue, south of Main Street, west of N. Quincy Street, and north of Cherry Street, plus a portion west of N. Monroe Avenue, south of Main Street, and east of N. Madison Street. TID 25 will be classified as a mixed-use district based on the identification and classification of the property proposed to be included within the TID. Proposed projects include cash grants and loans to owners, lessees, or developers of property within the TID; road, pedestrian, bicycle, and other transportation improvements; potable water, sanitary sewer, and storm water infrastructure; environmentally sustainable infrastructure, public spaces and amenities; land acquisition, environmental remediation, structural rehabilitation, and new construction; and administration. The proposed costs include projects within the proposed boundary and within a one-half (1/2) mile radius of the proposed boundary of the TID. 9. Consideration with possible action to adopt a Creation Resolution to establish TID Number Twenty-six (26), Grandview Industrial Park, and adopt the Project Plan. TID 26 is generally located in the area east of Erie Road, south of E. Mason Street, west of S. Northview Road, and north of Padi-Wood Lane, plus a portion east of S. Grandview Road, north of Finger Road, and west of S. Northview Road. TID 24 will be classified as a mixed-use district based on the identification and classification of the property proposed to be included within the TID. Proposed projects include cash grants and loans to owners, lessees, or developers of property within the TID; road, pedestrian, bicycle, and other transportation improvements; potable water, sanitary sewer, and storm water infrastructure; environmentally sustainable infrastructure, public spaces and amenities; land acquisition, environmental remediation, structural rehabilitation, and new construction; and administration. The proposed costs include projects within the proposed boundary and within a one-half (1/2) mile radius of the proposed boundary of the TID. F. Informational. Agenda of the Tax Incremental Districts Joint Review Board June 23, 2022 Page 2  1. Set next meeting date, time and format. G. Adjournment. 1) THIS MEETING IS RECORDED: THE VIDEO OF THIS MEETING AND MINUTES ARE AVAILABLE ONLINE AT www.greenbaywi.gov 2) ACCESSIBILITY: Any person wishing to attend who requires special accommodation because of a disability, should contact the City Safety Manager at 920-448-3125 at least 48 hours before the scheduled meeting time so that arrangements can be made. 3) QUORUM: Please take notice that a majority or quorum of the Common Council will attend this Tax Incremental Districts Joint Review Board meeting and will constitute a meeting of the Common Council for purposes of discussion and information gathering relative to this agenda. 4) REPRESENTATION: The party requesting the communication, or their representative, should be present at this meeting. 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If you’re using a smartphone, look at your screen and click the Mute button  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 AGENDA ITEM # D.1 Approval of the minutes from the June 23, 2021 meeting. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS 1. JRB Minutes 06.23.2021 with Verbatim 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  MINUTES OF THE TAX INCREMENTAL DISTRICTS JOINT REVIEW BOARD WEDNESDAY, JUNE 23, 2021, 11:00 AM Virtual Meeting. Public may join via Zoom. A. ZOOM MEETING INFORMATION. 1. This item contains documents which provide call in information and instructions for the Zoom Meeting. B. ROLL CALL. 1. Members: Diana Ellenbecker, City of Green Bay; Bradley Klingsporn, Brown County; Peter Ross, Green Bay Area Public School District; Bob Matthews, Northeast Wisconsin Technical College; Brent Weycker, Citizen Member. Present: Peter Ross, Gina Van Egeren on behalf of Bob Mathews, Brent Weycker, Diana Ellenbecker, Bradley Klingsporn, Excused: None C. APPROVAL OF THE AGENDA. 1. Approval of the agenda for the June 23, 2021, meeting of the Tax Incremental Districts Joint Review Board. Moved by Brent Weycker, seconded by Peter Ross to approve the agenda for the June 23, 2021, meeting. Motion Passed. Yes- Gina Van Egeren, Brent Weycker, Diana Ellenbecker, Peter Ross, Bradley Klingsporn, No- None, Abstain- None. D. APPROVAL OF MINUTES. 1. Approval of the minutes from the April 8, 2021, meeting of the Tax Incremental Districts Joint Review Board. Moved by Bradley Klingsporn, seconded by Gina Van Egeren to approve the minutes from the April 8, 2021, meeting. Motion Passed. Yes- Gina Van Egeren, Brent Weycker, Diana Ellenbecker, Peter Ross, Bradley Klingsporn, No- None, Abstain- None. E. REGULAR BUSINESS. 1. Review the Tax Incremental Districts annual reports. Moved by Bradley Klingsporn, seconded by Gina Van Egeren to receive and place on file the Tax Incremental Districts annual reports. Motion Passed. Yes- Gina Van Egeren, Brent Weycker, Diana Ellenbecker, Peter Ross, Bradley Klingsporn, No- None, Abstain- None. 2. Staff report on the performance and status of each district governed by the Board. Neil Stechschulte presented the staff report. No action needed. F. INFORMATIONAL. 1. Set next meeting date, time and format. No action needed. G. ADJOURNMENT. Moved by Bradley Klingsporn, seconded by Peter Ross to adjourn. Motion Passed. Yes- Gina Van Egeren, Brent Weycker, Diana Ellenbecker, Peter Ross, Bradley Klingsporn, No- None, Abstain- None. VERBATIM MINUTES - That is, I think we're ready to go. Let's say, I guess, digitally are we all? Well, we have Lisa, we all good to go in terms of everything else for a minutes and recording, okay perfect. And Dave gives us the thumbs up too. I think we are good to go, Diana. - All right, sounds good. Well, call the meeting together for the tax increment district. The joint review board for June 23rd at 11:00 AM. We will take a roll call. Bradley Klingsporn? - Here. - Peter Ross? - Present. - Bob Matthews? - Actually, yeah. Gina is here on Bob's behalf today. - Okay, thank you. - Gina is here. And then we have Brent Wecker. - Yes. - And then Diana Ellenbecker from the city is here. - Excellent. - All right, so we'll move on to the approval of the agenda. - All right, we have a move by Brent, second by Peter all in favor. That's approved. We're down to the approval of the minutes from the meeting on April 8th, 2021. - I'll second. - All right, we had a motion by Bradley and second by Gina all in favor, that is approved. We'll move on to regular business. The item is review of the tax increment district annual reports. Obviously, there's a lot of information here. It's a large packet, as we've done in the past. We tried to take all that information, the DOR reports and we summarize it on one spreadsheet. I think that's a little bit easier as a snapshot. Do you have questions right from the beginning? Do you want me to go through a lot of detailed? How do you want to meet me to handle this? I can give you as much detail as little detail as you want, any suggestions? - I'm good with a 20,000 foot view. - Okay, well then we'll go over and very quickly very high level and please stop me. I will touch on every one real quick, but just, I don't even know if I have to catch them all, you know. Tip four is our oldest and still it has a term date of 2025. I'm good, that one is just running just smoothly. That's tid four, tid five there was a lot that happened in tid five in this past year that had a, that district got amended and we moved out the ship yard out of the tid five. So, we created tid 22 instead in the shipyard. So, there was a lot of movement of revenues and expenses and then projections. And, that also had there was money that was allocated to tid 9. So there was a lot of moving. So, you know, we started at 1.9 million at the beginning of the year, right? We went down to about $900,000. We still expect some large expenditures in this tid, tid five. But, we will need those years, last couple of years to finish out paying for those projects. But, again, lot happened in tid five. But, now that has been carved. All the shipyard has been carved out. Move on to seven, eight and nine. All three of them were closed in 2020. So if you looked at last year's projections of future costs and future revenues numbers have changed a lot because we have now closed out those TID's. We've had some allocations out of those TID's. So, shows very little movement or activity future activity for those TID's TID 10 is our next next one, main and mason. And that one is, not a lot of expenditures. At this point, we have just started working with our development team to work on some future projects for this TID, as we have income coming in, and not as many expenditures. So, we are working on projects to try to, this is mainly Mason. There's plenty of stormwater projects that we can use down and Maine and Mason. We move on to TID 12. This is a tid, also, there was quite a bit of activity that went on last year. And this year, the increment is over $2 million, but we also had a lot of projects going on mostly for one of our large development in the I-43 development. It was the nature's way. So, getting infrastructure into that TID. We continue to, it also had a allocation to TIF 9, that was approved last year. So, still some future costs that are being still worked on. And, were already obligated, with some future revenues coming through. We'll go onto TID 13. That one is our downtown TID. Have a lot of expenditures here, as you can tell. See, it's a negative fund balance. We do have more increment coming in then we do have show of future expenses. And we just show that this TID will turn positive in the about the next two years. So at this point, there's no new projects. I mean, no new infrastructure projects planned in here. We do have potential some new development going on downtown which will help our increment. But, the goal is still is within two to three years, that this one will turn positive. Go onto TID 14 which is our rail yard area that we're starting to see some nice improvement in the tax increment. We also had some large infrastructure projects in there. We also did some borrowing in this TID. So, it went from a negative fund balance of 3 million down, to about two five. And this one also based on projections, in about two years, we are looking to have this one as a positive fund balance. Again, we have a lot of activity going on in TID 14. And the Director will talk to you after we go through the annual reports of some of these additional new projects coming through. TID 16, which is our military avenue very little activity there at this point, starting to show off positive fund balance. Finally, in 2020 we rolled to a positive fund balance. And so we are looking at some future storm water projects in this TIF before closure. TIF 18 university avenue the festival foods now out on that side our JBS out on that side. Negative fund balance and that is partially because of a project that was started at JBS. We just haven't seen the increment to go with that project. We did have an upfront project grant of 1.5 million and that's why you're seeing a nick. But, the director also had some positive information on that TID, but we are seeing some positive movement on this TID. Then we get into East Towne Mall, as you know, we had high expectations of changes in East Towne Mall. But, we were lucky to get some change in the Cub foods. We have some changes going on there now, but so this one still remains very little activity. We haven't done any payouts other than some now pay goes for increment that's been created. So, it's still small positive fund balance looking for some bigger changes coming down the pipe. Whitney park, very new development. We haven't seen much increment yet. That will all be coming online for the one of 21 which will affect will be we'll see the increment really at the beginning of next year. Again, that one just has a negative fund balance but for a few administrative costs a few minor costs, same thing. Green bay packaging, green bay packaging has a by the time we ended the year we've had a negative fund balance of 31,000. But, one of 21, we do have incremental $1.6 million that came in from green bay packaging. This is our large pay-go. We do have a 90% pay-go that goes on to pre- med packaging. As we have very little infrastructure costs that we have so far put into this TID. So, right now it's looking negative 31, by next year we'll have a nice positive fund balance. And again, we'll start paying out a large 90% pay-go on this in this TID. We go onto the shipyard again, there was a lot of changes with a new TID that was created. We moved out all expenditures and all revenues that were brought in for the ship yard and that district that was removed out of TID 5. We had some new bonding in 2020 of $2 million. We transferred in about 1.5, 7 million from TID 5. So, started off very small because it was just a brand new TID. And at the end of the year we are sitting at about a $2.6 million fund balance. But again, the majority of that is because of borrowing, and for future projects at the shipyard. Phase one will be happening this fall. And then the director will talk to that. So, right now it looks positive. We just haven't spent down some of the money that we borrowed yet for that project. The legend district, a very new TID at this point, very little activity, but it will be receiving $850,000 in 2021 from our TIDs. That was a project that was started in TID 7. It was a pedestrian walkways that was not able to complete prior to us closing, so we got approval to allocate $850,000 from TID 7 to TID 23, which will be then able to be spent in this TID and improve that. Use that for infrastructure in this district. I know I flew right through it. Please let me know what questions you have. I got thumbs up from Peter. - I just want to clarify it was seven and it closed in 2020? - 7, 8, and 9 all closed in 2020, correct. - Okay. Thank you. - And I think, director had asked the question and should I steal his thunder? Between the three of them that we closed, they had increment value of $58,970,000. So overall our equalized value, our TID stats we're currently at 7.3% of the 12% that we can have open for TID's. These three that we closed are about a 0.8%. So, we go from about a 7.3% to about a 6.5%. So we drop our allowable TID's by closing these three TID's. Any other questions? Otherwise we would take a motion I guess this is just to receive and place on file. If there are no changes or questions, or recommendation, we had some spelling mistakes on our DOR reports. So, thank you to Bradley. We are going to be fixing those before we submit them to DOR. But, also changes we would be submitting them as presented in the packet. And again, this would be a receive and place on file then. - Before you do that, I have a question. So a couple, the next mandatory term dates there's a couple of 2025, 26's, and when you're going through, you were talking about if you had infrastructure projects that could be done. Is there any discussion on what's going to happen next? And whether, instead of doing the infrastructure project there now rather, A to terminate a couple of years early and create a new TID service there, I guess. Cause they're all ongoing effort to develop. You know what, I'm thinking what TID 5, TID 10. I'd imagine that in 2027, there's going to be a TID there. It just isn't going to be the same one that we created here. - We've believe I had some discussions. We, on a weekly basis, we meet with our development team. And TID five, as you know, as you were just mentioning TID five actually has an expenditure period that ends in December of 21 here. So we have been looking at some projects that still could be completed this year to make sure that we could use projects that are needed into TID five. So at this point we have not had any discussion of closing TID five early, as some of these expenditures will really take our fund balance down, and that will need a little bit of more future revenues to kind of bring it back up. But, at this point there was no discussion of closing that one early, and then that really the next one that has the next termination date would be yes, TID 10. And at this point our expenditure period doesn't end till 2026. So, again, the discussion and the plan at this point was to move forward and continue to have some projects up until 2026. We did not discuss closing this one down and then creating a new one, certainly up for discussion, certainly something, those are, you know, those are the two options, spend them up to your expenditure period or closing, create new. - And I would add Brad, certainly if we get a if we get a new project, certainly that needs that is going to be, we're going to need to probably, it's probably going to be in our interest to do that anyway because we're going to need the life of a new district to help out if, especially if it's a significant project. So that certainly remains a possibility. But I think something we haven't really made a determination on yet at this point. - Yeah, and just kind of, if you extend two period with the need to have the increment allow you to pay that off, then you can't really do anything in that, not expenditure period. Whereas, if you don't expand it, and you're able to close. Then, you have the flexibility to do more things in the future, so. - Absolutely. - Perfect, the other question I had was the agreement packaging legal agreement is that go through 2045 then I need a . - Give me a moment, I have to look up the I'm going to look at the spreadsheet real quick make sure I have right answer for you. - Not that any of us will care too much in 2044, but whether it was gonna be active is what I am curious. You know, cause it goes payload goes until 2045 then that's just locked in until 2045, and it just coasts. - A tax year of 2045, payable in 2046. Correct. - All right, well that one is gonna coast in there for the next 24 years. - Money in, money out, exactly, yeah exactly. But, they did just have their, their actual ribbon cutting for the plant here just about a month ago. So it was nice to see that they actually followed through on it, so. - Yeah, that sounds great. I will make a motion to receive. - We have a motion. Do we have a second? - Second by Gina? All in favor. - That passes. We'll move on to the second regular business items staff report on the performance and status of each district governed by the board and the director will take this one. - Yep, I'm going to kind of grace through some specific project updates some of the key ones, some of the districts. And we'll see if it just, again, want to see if you folks have any questions on that. So, hopefully projects update hopefully is coming up on the screen. - Yes. - All right, perfect. Great. Excellent. So we'll hop right in obviously here's our map of all of our districts. Certainly the 2021 map we'll remove seven, eight, and nine from this map, but they will no longer be on here again. I just kind of remind folks where the districts are at here throughout the city. Here at TID 14 in Washington apartments. I know our TID 4. I don't believe we had a whole lot of activity on this one. This is just a reminder of where this one is at again. So between Mason street and just past a little bit past Walnut street on the right on the river there. Similarly here's our TID 5 downtown. Again, this is one we have seen significant activity in. A recall there was a small property amendment. I believe some of this property was removed from TID five here and this right in this area here where the cursor is on the screen. That was our boundary minute that was done. So again, the area was taken out of that district. I think particular area that a focus going forward on the is certainly here for the, for this coming year two aspects of it, really the parking lot here in the close the near part of this, the photo here. Cities actively considering getting an RFP reissued for that particular lot for redevelopment on that site. However, we were also working with kind of some of the owners of the Bay Lake city center building there in terms of what the possible future use of that building may end up being. We're evaluating several concepts right now the original concept actually called for that building to be removed and some open space to be added here. The authenticity planted, folks remembered that. There's enough users in that building right now that are kind of proposing some new uses. So, we're still kind of evaluating and working with those property owners as to whether or not some sort of new mixed use may actually end up occurring in that Bay Lake building. And obviously that certainly impacts our ability. We think to RFP, the Adams street lot and get a development project on that side as well. But, again so what could be seeing some significant changes on this either one or both sites here. Certainly in the coming future here, so. A lot of work that we needed to make that happen, one way or the other, but again, certainly probably one of the most highest potential locations. I think for redevelopment, certainly in the city right now whether that's for use of the existing building or just, you know, a new project on the city's lot parking lot that they have right there, so. Stay tuned on this one. Hopefully we have some, some more information one way or the other on that one going forward. This is again, here's TID 10. The Maine and Mason TIF district and kind of reminding folks where that exactly. No real activity in that one at this point. TID 12, we mentioned certainly this is the I-43 business park. We've got a lot of interest in activities. Certainly staff is taking a very hard look at this in terms of expanding this, expanding the park here, certainly with the life of TID 12, being where it's at. Certainly that presents challenges in terms of being able to utilize the existing district to move that forward. So we'll talk a little bit about perhaps a future project. A future district need on what that might look like going forward here at some point. One project that is happening in that area by the bakery is a major daycare expansion project happening for the facility that's there in this particular area. I think we estimated this. You may bring up my notes here about a $12 million new clinics, about 130,000 square feet. So, a very nice project occurring. There is no direct assistance being added for that particular project. So, there is no TIF assistance. So, that's just new increment going into that particular site. So, we're certainly excited about that one. And that's, I believe they just broke ground on that one here. I believe here actually within the last month or so, I believe. TID 13, obviously this is one we see some significant activity possibly coming up here in the future. But, right now, no specific project. We mentioned the rail yard, certainly the one project that's here on this part. So here's the rail line, that's the river. You know, certainly the fort is probably the one project that's out there. Folks going to notice the elevator shafts that are up right now with not much other construction activity going on. The developers kinda lost part of their investment stack essentially. We're trying to re-establish really what their overall financing plans going to be at this point. They're certainly trying to work in adjust probably advancing and maybe going for some WEDA tax credits in terms of some affordable housing project in this area. Also, working with staff right now in terms of evaluating the mixed use status on the bottom floor of the building. I think the city's position has been, we've kind of want to see that commercial component really to kind of remain on that bottom part there, but that may be presenting some challenges for the developer. Specifically, with regard to financing the project. So we are currently kind of in negotiations for them. Ideally, if we get something worked out and we see some additional construction work happening here see at sometime this fall, if everything went perfectly, so. I mentioned the TID 16 military avenue district. This is here's the area here no specific real projects happening in that district to report on. The university avenue, project TID 18. This is a major one I think director did mention the project. These are the two buildings were constructed on the site, but then the developer after about a hundred, I think it was 1.5 million, Diana. did put in there for, for essentially for cleanup on the JBS site, I believe was the number. Got a couple of buildings started here, but the developers kind of had, again, unable to proceed with the project for financial aid at this point. We are in negotiations with a new developer to kind of present a similar, a different residential concept of kind of going from I think it was essentially there's 322 units at a value of about $21.9 million. So, we have a new developer proposing 209 units, but at the same valuation. So, a little bit at nicer, a little bit larger, a little bit bigger units, but the same value. So, we're excited, we're getting negotiations kind of getting that transferred over right now. We'd like to see that hopefully move forward here to both the RDA and city council. Hopefully within the next 30 to 60 days. So, there are some challenges in terms of getting the infrastructure lined up. If it was one developer they could kind of use a private drive. Since now there's going to be more than one owner. There, there probably needs to be some public street infrastructure that's going to be needed there as part of the project. So, we're kind of evaluating that, working with both developers to try to figure out exactly what that's going to end up looking like. But, excited to finally kind of see some progress on this one. I know our RDA has been kind of following up on this one and noting the lack of progress. Hopefully again, with the new developer we think we can get this jump started and get probably even a little bit nicer set of units on the site, even though the number's not quite as many units, but I think the quality of the unit and size of the unit will actually be a little bit better on this site. So, fingers crossed that proceeds here, this coming year. We mentioned the East Towne Mall project or East Towne Mall TIFF here. This is again the current reminder of where this is at. The structure here, that's going on here. We're kind of, this is a rather unique project that is happening here right now. American tent is actually being located in kind of the back half of these, these kind of giant buildings. So, it's gonna be kind of an industrial user, but in all of the commercial retail tenants are kind of being moved and relocated to the front of the building, so. For the outside perspective of folks, just driving by it's going to kind of look like a usual mall, but it's going to have a rather large industrial tenant in the back. A very fast growing company. American Tenant company is going to put one of their production space kind of back here in the back half of this building, so. A very unique combination of uses. And we're also seeing some interest in kind of generating some additional work on some of the out lots. Related to kind of the inner ring road. I guess we should call for lack of a better term and actually kind of making that inner road instead of just kind of a drive around the aisle of the mall actually being more of a functional public street access with actual businesses on both sides. So, we could be looking at adding some infill to these areas and obviously those parking lots are what they are there. There a large paved areas that don't generate a lot of increment. So, hopefully we can actually figure out a way to kind of update theirs. I think Dave Buck is on the line, and he said, there's more than a dozen planned unit developments I think on this particular site. So we're kind of, we're trying to work and try to get a kind of a master zoning re-established for the area that would kind of allow us to take a look at some of those things, including adding some of those additional infill developments possibly on some of these areas. Particularly like this main entrance here. We could see certainly billings occurring on both sides of that in kind of continuing this drive back to the main part of the mall. We similarly think there's some good opportunities there to kind of add some infill development to this particular area. I mentioned Whitney park. I think a lot of the updates a lot of the projects were completed. I think in this area last year were reported as a joint review board. And I think those were illustrated last year. Kind of working with them right now to kind of see exactly when they're going to receive their first payment. It was based on largely based on occupancy permit which I don't think they got until January 1. They just kinda missed the deadline. So, it kind of is delaying their, increment by it here. They were a little surprised by that. So we may be bringing an amendment back to the RDA to try to at least get something back to them this year for a subset based on the assessment based on the substantial completion of the project. So, that's probably coming forward to RDA here in July, we suspect. I mentioned Green Bay Packaging. Again, this was the largest. This is probably I think so looking back in the files this was apparently the first new paper mill constructed in Wisconsin in the last 30 years. So, pretty impressive project. Obviously they needed an enormous investment on the company's part, as well as from the TIFF standpoint. This is probably the largest project I'm anticipating. Seeing certainly for our foreseeable future, but again a great project in . The employer kind of retaining those jobs here, here in Green Bay, so. And plus that hopefully adding a few more when things normalize a little, so. It's shipyard is probably where we've seen the most excitement on here the last couple months. Again, this here's a map of the district. That's kind of the close-up of the area here. The reason that just remind folks, cause I certainly had to ask the reason this bizarre strip goes out here that is exactly what the parcel is, along the rail line. So, that we didn't have to in order to just keep, just take that parcel in. We actually had to go, this is actually one whole parcel this whole stretch out here. So, there's no projects or no increment obviously going to happen on that. It's just simply in the logistics of the map we had to have the, that was part of the parcel that was included down in this area. So, we simply had to include that strange stretch outbound the side there. So, I think the main project, obviously the shipyard here in general, here's the concept plan. The main project that was announced here earlier this year it was that we have a signed development agreement with Merge Urban Development. Their project is about 225 units of market rate housing. It's about $21 million project. I think it's going to be let's see how many buildings do we see. I think it's going to be two, four story buildings I believe is kind of what they're proposing on the site. A very unique design and that it keeps, maintains a visual access for most of the units to the river. So, they've actually done some kind of unique design aspects there to make that happen. Shortly after this was announced, we have a planning option has been pulled on the Badger sheet metal site kind of immediately adjacent to the site here. Impact seven is actually proposing and kind of currently evaluating a 238 unit project. That's actually at a more targeted rental rate for the 80 to 110% of the county median income. So, again, a little bit lower than market rate kind of in that middle median income number. Which is a unique aspect. This is our first project that's actually targeting kind of that center, that center income. So, you know, there's affordable and market rate. These are kind of are right in the middle it's we're kind of excited that they're filling a targeted need. We don't have a projected valuation on that. This is just a working on that, but really preliminary estimates are saying it's a 45 to $50 million construction costs. So, that'd be three, four story buildings. Is it going to be the massing on that site. So, a nice sized project there. So, we're excited to see some momentum kind of finally building here in the shipyard area. And then TID 23, this is the legends district. Again, the primary front check. This was, I think you guys have seen this one before. This is the legacy hotel project that's being proposed. We're currently working through with them. They actually did a relocation on their site from one side of the site to the other that affected some code questions and raise some issues to make that work. We're also thinking the valuation is probably largely going to remain the same. This is a $12 million five story building about 90,000 square feet would like to see hopefully get something worked out and updated development agreement completed with them here yet this summer and see some progress on the site here maybe even as early as this fall. So again, it could be a nice project over there by the, in the legends district close to Lambeau Field. I think Dr. Allen Becker already mentioned these. These were the actions that we took at the the joint review board meeting and the RDA here this earlier this year, just to remind everybody this is kind of what we went through the allocation amendments and the housing resolutions at least were all completed earlier this year. Just a quick reminder on that. We are looking at some possible new districts in terms of staff reviewing, you know when we might need to do these here we're looking at there's one for the one Astro project which I think everybody has probably seen before, but has been delayed for multiple reasons, coal piles being one of them, pandemic being another add, add to the list. As far as you go, if folks have driven by there they've actually seen the Fox River Trail actually being installed and actually going in on this site. So, some of the improvements have begun on the site. We're excited to see those, hasn't been officially dedicated on there. And I think we're already seeing several hundred people a day already going down the section of trail much to the private owners dismayed despite his efforts to block it off. So, folks are excited about it. They want to use the trail. The Monroe project that we're going to have it. It's a nice project. We'll kind of highlight that here shortly. And I mentioned previously, you know, kind of maybe an update for the pending business park expansion. And there is a blind elimination tip in Northeast neighborhood. We are taking a look at possibly as a staff to considering that as a possibility. So, we do know that we knew the one Astro project and the Monroe street project are going to require a new TIF district, for sure. We know eventually I-43 one will, as well. But, again, exactly what the timing of those are going to be is still a little bit up, up in the air. One of these could, you know, certainly they could move forward this year. We think probably one astor will probably need to move forward this year. So, we'll probably be reaching out to you guys, again, for a meeting on that particular district. Monroe, I think is it could be this year. It could be next year. I think we're evaluating with the developer exactly what their schedule is going to be. I-43, there's some other zoning, it's using several landowners out there that we're still doing some coordination on with that. And I think the planning staff is kind of evaluating this Northeast neighborhood areas still in terms of its potential to create a district. But, those are the ones that are at least on the radar screen right now, in terms of creating new ones. And this was the one Astro her project again. It's a four stories, a hundred units. I think it was estimated at about $13 million in value. So, again, that was the project that's kind of going on right there by the Mason street bridge. This would be what would be going on. I think ideally we get the agreement updated. They could be doing some site work and then actually had the trail exit trailed stations going in and actually see the project under construction as early as next spring. The one that's centering a lot of the excitement I think at least amongst staff, this is the former is the 200 north Monroe project being proposed. That is about, $22 million project. It's a three to five story building. You kind of see the difference in the height depending as the next architect actually lowered the height. As it goes to the residential neighborhood next to it. 172 units, a mixed use project. Not only are we excited about the, certainly the adding the residential units, it also includes expanding the main street Oriental market here and actually relocating across the street into the site, kind of expanding the grocery options downtown, which has been a major objective. The other one is we believe, I think there's negotiations going on possibly with UWGB to be at least tenant in this building and actually have get them to have a presence downtown, which is again, the city has been working on for quite some time. It would be pretty excited to have that. So, those projects all together, just to kind of give folks some perspective, we did kind of add that it looks like it's actually going to be a it could be about 200, if everything happens as currently anticipated, it's about $200 million in project valuation and about 1100, and almost just under 1200 residential units added. So pretty, pretty impressive numbers. We hope the pandemic stays away and takes care of things. And we're able to keep all these on track. And if so, should be seeing some significant investment private sector investment coming forward here in the next several years. So with that, I am certainly available to answer any questions folks may have. - What would be the procedure for the . You know, if they say, Hey, we really like to break ground. We have things ready. - Yeah, yeah, yup. Well, we have to have it depending on the timing. If we want this playing in place, we certainly have to have the agreement place. And I think we have to have the district. If we want to count the valuation as in one-one of this year, I think we have to have it done. Everything procedurally done before October 1st, I believe is the date. So, certainly that, if we need to know that, we need to know that pretty quick, because it sounds like, oh it's no problem. It's mid June, as well as that, that 90 days that kind of plus or minus it requires to actually create a district, that fills up pretty fast. So, we're kind of getting on the crunch. So, I'm assuming we're gonna know, probably make a determination on that Brad, probably within the next 30 days, I would think. We're going to have to have some discussions with, and as soon as we can come up with a new and really I think the key domino it falls that is getting an updated agreement with the developer. So, if we can agree on schedule and get everything ready to go. Now again, if he's not going to start construction until next spring, if he's definitely not doing anything, we'd probably have some options in terms of making it as available as of one, one next year. But again, it's just kind of figuring out, you know. What exactly is that going to be? So, hopefully we'll get that resolved here in the next 30 to 60 days, so. - All right, we're good. - Any other questions? - I have a question. This is Steve. I know I'm not part of the, at all. But, Diana had mentioned how much increment was going back into the tactical from our three closed earlier. And I just kinda missed it, update me. Was it like 58 million or something? - Let's see, hold on. What was that number? - That was the increment that is part of the three closed TIDS, remember. Two of them don't have affordable housing. And so there's one year of delay before those will go back to the texts and jurisdictions . It was a total of $58,970,700 worth of increment from those three TID's that we'll be going back to the taxing jurisdictions either this year or the following year. - Yeah, I just, I guess I just want it to kind of make, say these TID's are definitely performing. They're doing what they're supposed to and it's pretty exciting. That life is going against the rules within the next couple of years. - So he's showing off, that's what, that's what David was trying to do there. That's in case you guys missed that. That's what he was doing. So, we're excited about, and I guess to build on that obviously, you know, adding the prospect of an additional 200 million coming online with these additional districts obviously that's, we want to keep that trend going. That's, we're like seeing the private investment that is being generated by these districts. We are very happy with at this point, so. Any other questions? - If there are no other questions you know what we'll set the next meeting date as needed and there might be one coming this fall. If we're going to issue, set up a new TID. Otherwise I would take a motion for adjournment. - Motion adjourned. - Do we have a second? And was that you, Brad? - Pete. - Peter, okay. We have a motion by Bradley, second by Peter. All in favor. Alright, we're adjourned thanks guys. - Enjoy your vacations. - Thank.  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.1 Consideration with possible action on the 2021 Annual Report on Tax Increment Finance Districts in the City of Green Bay. BACKGROUND Staff will provide an overview of each district at the meeting. RECOMMENDATION Receive and place on file. FISCAL IMPACT No fiscal impact from the annual report. ATTACHMENTS 1. JRB final packet 2021 YE 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov TID ANNUAL REPORT (PE-300) SUMMARIZED YEAR ENDED DECEMBER 31, 2021 Revenues Expenditures Debt Fund TIF Creation Mandatory Fund balance Tax Shared Developers Other/ Capital & Service & Developers balance as Future Future Surplus or Dist TYPE NAME date term date as of 1/1/21 Increment Interest Revenue guarantees Borrowing Land Interest grants Other of 12/31/21 project costs revenue deficit Washington 4 Blight 1/20/1998 1/20/2025 414,209 541,571 620 1,071 - - - 200,000 - 13,400 744,071 2,955,050 2,216,521 5,542 Apartments 5 Blight Downtown 12/21/1999 12/21/2026 854,415 1,903,817 1,961 177,077 53,114 - 84,184 1,307,264 48,211 92,698 1,458,027 12,777,641 11,321,092 1,478 7 Blight Lombardi/Ashland 1/15/2002 1/15/2029 1,115,425 780,291 1,225 (3,459) - 6,082 - 229,462 13,891 1,656,211 - - - - 8 Blight Berger/Morrow 8/20/2002 8/20/2029 581,793 380,989 697 30,406 - 5,514 - 603,905 - 395,494 - - - - 9 Industrial University Heights 10/7/2003 10/7/2026 1,317,175 185,011 (11) 249 3,662 - - 1,167,070 - 339,016 - - - - 10 Blight Main/Mason 8/17/2004 8/17/2031 899,314 251,991 882 9,499 - - - - 21,507 23,088 1,117,091 4,273,012 3,226,960 71,039 12 Industrial I43 Industrial Park 9/6/2005 9/6/2025 1,985,227 2,454,267 3,333 442,140 - - 450,089 290,802 200,000 81,201 3,862,875 10,575,418 6,854,691 142,148 13 Reh/Cons Downtown 9/6/2005 9/6/2032 (3,024,709) 2,539,445 - 607,374 16,486 9,859 - 1,417,455 591,028 82,935 (1,942,963) 35,319,975 37,551,587 288,649 N Broadway/Larsen 14 Blight 9/16/2006 9/16/2033 (2,474,833) 523,604 3,311 4,623 208,376 168,234 1,095 724,469 490,447 53,420 (2,836,116) 13,270,454 16,106,583 13 Green 16 Blight Military Avenue 5/6/2007 5/6/2034 275,344 447,031 483 82,474 - - - 181,155 1,479 15,441 607,257 10,003,935 9,457,807 61,129 18 Reh/Cons University Avenue 10/6/2015 10/6/2043 (1,199,783) 463,192 - 15,678 - - - 1,131 184,948 20,520 (927,512) 27,502,855 28,497,801 67,434 19 Reh/Cons East Town Mall 9/19/2017 9/19/2044 174,473 211,258 271 - 75,900 - - - 105,816 18,704 337,382 8,681,090 8,967,153 623,445 20 Reh/Cons Whitney Park 9/25/2018 9/25/2045 (36,248) 116,140 52 - - - - - 34,664 16,917 28,363 6,018,876 6,132,934 142,421 21 Blight Green Bay Packaging 9/25/2018 9/25/2045 (31,009) 1,556,802 1,092 - - - - - - 23,988 1,502,897 52,424,742 51,172,340 250,495 22 Blight The Shipyard 9/25/2018 9/25/2045 2,597,454 - 2,145 - 500 2,007,200 349,166 77,048 - 48,595 4,132,490 63,687,304 59,952,712 397,898 23 Blight Legends District 9/17/2019 9/17/2046 (25,554) 13,664 106 - - 850,000 6,788 28 - 282,963 548,437 11,723,645 11,196,178 20,970 Totals 3,422,693 12,369,073 16,167 1,367,132 358,038 3,046,889 891,322 6,199,789 1,691,991 3,164,591 8,632,299 259,213,997 252,654,359 2,072,661  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 004 2 Washington Appartments 01/20/1998 01/20/2025 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $414,209 Section 3 - Revenue Amount Tax increment $541,571 Investment income $620 Debt proceeds Special assessments Shared revenue $1,071 Sale of property Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Total Revenue (deposits) $543,262 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures Administration $7,687 Professional services $1,650 Interest and fiscal charges DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt $200,000 Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name N/A $0 Transfer to other funds Other expenditures Name Personal Property Aid refund $3,913 Total Expenditures $213,400 Section 5 - Ending Balance Amount TID fund balance at end of year $744,071 Future costs $2,955,050 Future revenue $2,216,521 Surplus or deficit $5,542 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 005 2 Downtown 12/21/1999 12/21/2026 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $854,415 Section 3 - Revenue Amount Tax increment $1,903,817 Investment income $1,961 Debt proceeds Special assessments Shared revenue $177,077 Sale of property Allocation from another TID Developer guarantees Developer name TOHO Platten Building $13,331 Developer name Washington St Inn $39,783 Transfer from other funds Grants Other revenue Total Revenue (deposits) $2,135,969 Page 1 of 3  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures $84,184 Administration $70,076 Professional services $16,650 Interest and fiscal charges $276,539 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt $1,030,725 Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name Smet rebate historical train station $5,000 Developer name Bellin buidling parking PAYGO $14,429 Developer name TMJ Initiative One $10,000 Developer name Lorenzen Holdings $9,977 Developer name Historic Hibernia $8,805 Transfer to other funds Other expenditures Name Utilities $5,822 Total Expenditures $1,532,357 Section 5 - Ending Balance Amount TID fund balance at end of year $1,458,027 Future costs $12,777,641 Future revenue $11,321,092 Surplus or deficit $1,478 Page 2 of 3  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 3 of 3  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 010 2 MAIN MASON 08/17/2004 08/17/2031 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $899,314 Section 3 - Revenue Amount Tax increment $251,991 Investment income $882 Debt proceeds Special assessments Shared revenue $9,499 Sale of property Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Total Revenue (deposits) $262,372 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures Administration $20,288 Professional services $2,650 Interest and fiscal charges DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name GB Real Estate - 1901 M Street $21,507 Transfer to other funds Other expenditures Total Expenditures $44,595 Section 5 - Ending Balance Amount TID fund balance at end of year $1,117,091 Future costs $4,273,012 Future revenue $3,226,960 Surplus or deficit $71,039 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 012 5 I43 Industrial Park 09/06/2005 09/06/2025 12/31/2023 Section 2 - Beginning Balance Amount TID fund balance at beginning of year $1,985,227 Section 3 - Revenue Amount Tax increment $2,454,267 Investment income $3,333 Debt proceeds Special assessments Shared revenue $442,140 Sale of property Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Total Revenue (deposits) $2,899,740 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures $450,089 Administration $67,585 Professional services $12,430 Interest and fiscal charges $56,447 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt $234,355 Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name Willow Creek Strategic Behavioral Health $200,000 Transfer to other funds Other expenditures Name Utilities $1,036 Total Expenditures $1,022,092 Section 5 - Ending Balance Amount TID fund balance at end of year $3,862,875 Future costs $10,575,418 Future revenue $6,854,691 Surplus or deficit $142,148 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 013 3 Downtown 09/06/2005 09/06/2032 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $-3,024,709 Section 3 - Revenue Amount Tax increment $2,539,445 Investment income Debt proceeds Special assessments Shared revenue $607,374 Sale of property $16,486 Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Source Lot Rent $9,859 Total Revenue (deposits) $3,173,164 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures Administration $75,237 Professional services $650 Interest and fiscal charges $426,236 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt $991,219 Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name Schreiber Foods $236,041 Developer name Associated Bank $154,978 Developer name Foxconn $54,952 Developer name Northland $145,057 Transfer to other funds Other expenditures Name Utilities $6,898 Total Expenditures $2,091,418 Section 5 - Ending Balance Amount TID fund balance at end of year $-1,942,963 Future costs $35,319,975 Future revenue $37,551,587 Surplus or deficit $288,649 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 014 2 N Broadway Larsen Green 09/16/2006 09/16/2033 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $-2,474,833 Section 3 - Revenue Amount Tax increment $523,604 Investment income $3,311 Debt proceeds Special assessments Shared revenue $4,623 Sale of property Allocation from another TID Developer guarantees Developer name SMET $208,376 Transfer from other funds Grants Source WEDC Grant $168,234 Other revenue Total Revenue (deposits) $908,148 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures $1,095 Administration $48,120 Professional services $5,150 Interest and fiscal charges $174,469 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt $550,000 Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name DDL Project Grant $490,447 Transfer to other funds Other expenditures Total Expenditures $1,269,431 Section 5 - Ending Balance Amount TID fund balance at end of year $-2,836,116 Future costs $13,270,454 Future revenue $16,106,583 Surplus or deficit $13 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 016 2 Military Avenue 05/06/2007 05/06/2034 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $275,344 Section 3 - Revenue Amount Tax increment $447,031 Investment income $483 Debt proceeds Special assessments Shared revenue $82,474 Sale of property Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Total Revenue (deposits) $529,988 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures Administration $13,641 Professional services $1,650 Interest and fiscal charges $110,841 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt $70,314 Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name Burlington and Broadway Automotive $1,479 Transfer to other funds Other expenditures Total Expenditures $198,075 Section 5 - Ending Balance Amount TID fund balance at end of year $607,257 Future costs $10,003,935 Future revenue $9,457,807 Surplus or deficit $61,129 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 018 3 University Avenue 10/06/2015 10/06/2043 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $-1,199,783 Section 3 - Revenue Amount Tax increment $463,192 Investment income Debt proceeds Special assessments Shared revenue $15,678 Sale of property Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Total Revenue (deposits) $478,870 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures Administration $17,720 Professional services $2,650 Interest and fiscal charges $1,131 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name JBS project grant $0 Developer name Festival Foods paygo $184,948 Transfer to other funds Other expenditures Total Expenditures $206,599 Section 5 - Ending Balance Amount TID fund balance at end of year $-927,512 Future costs $27,502,855 Future revenue $28,497,801 Surplus or deficit $67,434 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 019 3 East Town Mall 09/19/2017 09/19/2044 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $174,473 Section 3 - Revenue Amount Tax increment $211,258 Investment income $271 Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID Developer guarantees Developer name Green Bay East LLC $75,900 Transfer from other funds Grants Other revenue Total Revenue (deposits) $287,429 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures Administration $15,904 Professional services $2,650 Interest and fiscal charges DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name Green Bay East LLC $105,816 Transfer to other funds Other expenditures Total Expenditures $124,520 Section 5 - Ending Balance Amount TID fund balance at end of year $337,382 Future costs $8,681,090 Future revenue $8,967,153 Surplus or deficit $623,445 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 020 3 WHITNEY PARK 09/25/2018 09/25/2045 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $-36,248 Section 3 - Revenue Amount Tax increment $116,140 Investment income $52 Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Total Revenue (deposits) $116,192 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures Administration $16,117 Professional services $650 Interest and fiscal charges $0 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name Whitney School Development LLC $34,664 Transfer to other funds Other expenditures Total Expenditures $51,581 Section 5 - Ending Balance Amount TID fund balance at end of year $28,363 Future costs $6,018,876 Future revenue $6,132,934 Surplus or deficit $142,421 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 021 2 GREEN BAY PACKAGING 09/25/2018 09/25/2045 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $-31,009 Section 3 - Revenue Amount Tax increment $1,556,802 Investment income $1,092 Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Total Revenue (deposits) $1,557,894 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures Administration $23,188 Professional services $650 Interest and fiscal charges DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name N/A $0 Transfer to other funds Other expenditures Total Expenditures $23,988 Section 5 - Ending Balance Amount TID fund balance at end of year $1,502,897 Future costs $52,424,742 Future revenue $51,172,340 Surplus or deficit $250,495 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 022 2 SHIPYARD 09/17/2019 09/17/2046 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $2,597,454 Section 3 - Revenue Amount Tax increment $0 Investment income $2,145 Debt proceeds $2,000,000 Special assessments Shared revenue Sale of property Allocation from another TID Developer guarantees Developer name Impact Seven INC $500 Transfer from other funds Grants Other revenue Source Rental income $7,200 Total Revenue (deposits) $2,009,845 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures $346,745 Administration $21,605 Professional services $650 Interest and fiscal charges $77,048 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name NONE $0 Transfer to other funds Other expenditures Name Purchase of Land $2,421 Name Utilities $26,190 Total Expenditures $474,809 Section 5 - Ending Balance Amount TID fund balance at end of year $4,132,490 Future costs $63,687,304 Future revenue $59,952,712 Surplus or deficit $397,898 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 1 - Municipality and TID Co-muni code Municipality County Due date Report type 05231 GREEN BAY BROWN 07/01/2022 ORIGINAL TID number TID type TID name Creation date Mandatory termination date Expected termination date 023 2 LEGENDS DISTRICT 09/17/2019 09/17/2046 N/A Section 2 - Beginning Balance Amount TID fund balance at beginning of year $-25,554 Section 3 - Revenue Amount Tax increment $13,664 Investment income $106 Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID Developer guarantees Transfer from other funds Grants Other revenue Source Transfer in from closed TID 7 $850,000 Total Revenue (deposits) $863,770 Page 1 of 2  Form PE-300 TID Annual Report 2021 WI Dept of Revenue Section 4 - Expenditures Amount Capital expenditures $6,788 Administration $13,866 Professional services $268,947 Interest and fiscal charges $28 DOR fees $150 Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID Developer grants Developer name NONE $0 Transfer to other funds Other expenditures Total Expenditures $289,779 Section 5 - Ending Balance Amount TID fund balance at end of year $548,437 Future costs $11,723,645 Future revenue $11,196,178 Surplus or deficit $20,970 Section 6 - Preparer/Contact Information Preparer name Preparer title Stephanie Schmutzer Accountant Preparer email Preparer phone stephanie.schmutzer@greenbaywi.gov (920) 448-3409 Contact name Contact title DIANA ELLENBECKER FINANCE DIRECTOR Contact email Contact phone DIANA.ELLENBECKER@GREENBAYWI.GOV (920) 448-3025 Page 2 of 2  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.2 Consideration with possible action to adopt an Allocation Amendment Resolution and to amend the Project Plan for TID Four (4) Downtown. BACKGROUND Staff is proposing that some funds from TID 4 be transferred to either 1) TID 14 to assist with infrastructure costs and the delay in new increment, and/or 2) TID 22 to aid in the lost revenue due to project delays related to the pandemic, and the increase in materials cost for projects in the Shipyard. Additional information will be provided at the meeting. RECOMMENDATION Hold until the next Joint Review Board meeting. FISCAL IMPACT A detailed fiscal impact will be provided along with the proposed amendment to the project plan. ATTACHMENTS None 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.3 Consideration with possible action to amend the Project Plan for TID Ten (10) Main Street and East Mason Street to add eligible projects. BACKGROUND Staff is proposing that some additional projects be added to the eligible projects list identified within TID 10. These projects were delayed or have increased in cost due to the pandemic. Additional information will be provided at the meeting. RECOMMENDATION Hold until the next Joint Review Board meeting. FISCAL IMPACT A formal fiscal impact analysis will be provided with the formal amendment to the project plan. ATTACHMENTS None 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.4 Consideration with possible action to adopt an Allocation Amendment Resolution and to amend the Project Plan for TID Twelve (12) I-43 Industrial Park. BACKGROUND Staff is proposing that some funds from TID 12 be transferred to either 1) TID 14 to assist with infrastructure costs and the delay in new increment, and/or 2) TID 22 to aid in the lost revenue due to project delays related to the pandemic, and the increase in materials cost for projects in the Shipyard. Additional information will be provided at the meeting. RECOMMENDATION Hold until the next Joint Review Board meeting. FISCAL IMPACT A formal fiscal impact analysis will be provided with the amended project plan. ATTACHMENTS None 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.5 Consideration with possible action to extend TID Fourteen (14) by three years, and adopt an Allocation Amendment Resolution and amend the Project Plan for TID Fourteen (14), the North Broadway corridor. BACKGROUND Staff is proposing that TID 14 be extended three years to help recover lost revenue due to project delays related to the pandemic, and the increase in materials cost. Staff is also proposing that TID 14 be able to receive funds from other TIDs with a positive cash flow to recover these costs. Additional information will be provided at the meeting. RECOMMENDATION Hold until the next Joint Review Board meeting. FISCAL IMPACT A formal fiscal impact analysis will be provided in the amended project plan. ATTACHMENTS None 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.6 Consideration with possible action to adopt an Allocation Amendment Resolution and amend the Project Plan for TID Twenty-Two (22), the Shipyard. BACKGROUND Staff is proposing that TID 22 be designated as a recipient of potential transfers from several other TID's to aid in the lost revenue due to project delays related to the pandemic, and the increase in materials cost for projects in the Shipyard. Additional information will be provided at the meeting. RECOMMENDATION Hold until the next Joint Review Board meeting. FISCAL IMPACT A formal fiscal analysis will be provided as a part of the amended project plan. ATTACHMENTS None 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.7 Consideration with possible action to adopt a Creation Resolution to establish TID Number Twenty-four (24), Cherry Street, and adopt the Project Plan. TID 24 is generally located in the area north of E. Walnut Street, south of Northland Ave, west of N. Adams Street, and east of N. Washington Street. TID 24 will be classified as a mixed-use district based on the identification and classification of the property proposed to be included within the TID. Proposed projects include cash grants and loans to owners, lessees, or developers of property within the TID; road, pedestrian, bicycle, and other transportation improvements; potable water, sanitary sewer, and storm water infrastructure; environmentally sustainable infrastructure, public spaces and amenities; land acquisition, environmental remediation, structural rehabilitation, and new construction; and administration. The proposed costs include projects within the proposed boundary and within a one-half (1/2) mile radius of the proposed boundary of the TID. BACKGROUND Staff will provide an overview of the proposed TID 24 at the meeting. RECOMMENDATION Hold until next Joint Review Board meeting. FISCAL IMPACT A formal fiscal impact will be included as part of the final project plan. ATTACHMENTS 1. TID 24 Project Plan Draft 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  City of Green Bay Department of Community and Economic Development Tax Increment District Twenty-Four (24) Cherry Street PROJECT PLAN City of Green Bay, Wisconsin June 17, 2022 PRELIMINARY DRAFT 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov Key Dates: Organizational Joint Review Board Meeting: June 23, 2022 Public Hearing Held: August 1, 2022 Approval by Redevelopment Authority: August 1, 2022 Adoption by Common Council: August 2, 2022 Approval by the Joint Review Board: August 18 or 19, 2022 (TBD) Executive Summary • Description of District: o Tax Incremental District (“TID”) No. 24 (“District”) is a proposed mixed-use district consisting of 13 parcels on approximately 4.5 acres bounded by N. Adams St., E. Walnut St., N. Washington St. and the northern boundary of the Adams Street parking lot owned by the Green Bay Redevelopment Authority. • Authority o The City is creating the District under the provisions of Wis. Stat. § 66.1105. • Preliminary Projected/Estimated Project Cost Expenditures ($11.8 million) o Approximately $4.5 million in development incentives for a mixed-use project at 222.Cherry Street. (Per approved development agreement contingent upon TIF creation.) o Estimated $5 million in development incentives for a projected mixed-use or multi-family redevelopment project at 221 Cherry Street. o Estimated $500,000 in development incentives for potential mixed-use redevelopment projects at 217 E. Walnut, 227 E. Walnut, and 101 N. Adams. o Estimated $250,000 for Public Improvements to the Cherry Street Parking Ramp o Estimated $250,000 for Streetscape Improvements o Estimated $100,000 for Public Art within the District o Estimated $1.2 million for Administrative costs (10%) • Preliminary Projected/Estimated Incremental Valuation ($29 million) o Approximately $13 million in improvements for a mixed-use project at 222 Cherry Street. o Approximately $15 million in improvements for a projected mixed-use or multi- family redevelopment project at 221 Cherry Street. o Approximately $1 million in improvements for potential mixed-use redevelopment projects at 217 E. Walnut, 227 E. Walnut, and 101 N. Adams. • Expected Termination of District o Based on the Economic Feasibility Study located within Section 9 of this Plan, the City anticipates that the District will need to remain open for its entire 20 year life to generate sufficient tax increment to pay all Project Costs. page 2 of 12 City of Green Bay  • Summary of Findings o As required by Wis. Stat. § 66.1105, and as documented in this Plan and the exhibits contained and referenced herein, the following findings are made: [TO BE COMPLETED] TID 24 Project Plan DRAFT page 3 of 12 Preliminary Map of Proposed District Boundary page 4 of 12 City of Green Bay Map Showing Existing Uses and Conditions - Zoning 100% Downtown Two (D2) TID 24 Project Plan DRAFT page 5 of 12 Map Showing Existing Uses and Conditions – Existing Land Use [TO BE COMPLETED] page 6 of 12 City of Green Bay Map Showing Existing Uses and Conditions – Future Land Use Downtown (Purple), Park or Public Use (Green) TID 24 Project Plan DRAFT page 7 of 12  Improvement Map Area Parcel ID Location Owner Total Value Land Value Value (sq ft) 12-114 216 CHERRY ST TAJ ENTERPRISES LLC $ 775,600 $ 133,800 $ 641,800 15,892 12-118 109 N ADAMS ST GREEN BAY REDEVELOPMENT AUTHORITY $ - $ - $ - 3,389 page 8 of 12 12-122 101 N ADAMS ST GREEN BAY REDEVELOPMENT AUTHORITY $ - $ - $ - 1,472 12-121 217 E WALNUT ST AMERICAN HOLDINGS INC $ 281,900 $ 91,600 $ 190,300 10,868 12-120 225 E WALNUT ST LIZA RAE LLC $ 219,200 $ 19,600 $ 199,600 2,340 12-119 227 E WALNUT ST GREEN BAY REDEVELOPMENT AUTHORITY $ - $ - $ - 6,652 12-353 211 E WALNUT ST WALNUT WASHINGTON LLC $ 347,400 $ 53,800 $ 293,600 50,486 12-354 102 N WASHINGTON ST 7878 BIG SKY LLC $ 791,900 $ 87,700 $ 704,200 50,486 12-355 126 N WASHINGTON ST NICOLET NATIONAL BANK $ 139,800 $ 44,100 $ 95,700 50,486 12-351 202 CHERRY ST GREEN BAY CITY OF $ - $ - $ - 50,486 12-352 CHERRY ST GREEN BAY CITY OF $ - $ - $ - 50,486 12-356 N WASHINGTON ST NICOLET NATIONAL BANK $ 5,700 $ 5,700 $ - 50,486 12-112 221 CHERRY ST GREEN BAY REDEVELOPMENT AUTHORITY $ - $ - $ - 67,036 $ 2,561,500 $ 436,300 $ 2,125,200 410,567 Preliminary Parcel List and Analysis (as of 6/17/2022) City of Green Bay Equalized Value Test [TO BE COMPLETED] Statement Listing the Kind, Number and Location of All Proposed Public Works or Improvements Within the District [TO BE COMPLETED] TID 24 Project Plan DRAFT page 9 of 12 Map Showing Proposed Improvements and Uses [TO BE COMPLETED] page 10 of 12 City of Green Bay Detailed List of Estimated Project Costs [TO BE COMPLETED] o Approximately $4.5 million in development incentives for a mixed-use project at 222.Cherry Street. (Per approved development agreement contingent upon TIF creation.) o Estimated $5 million in development incentives for a projected mixed-use or multi-family redevelopment project at 221 Cherry Street. o Estimated $500,000 in development incentives for potential mixed-use redevelopment projects at 217 E. Walnut, 227 E. Walnut, and 101 N. Adams. o Estimated $250,000 for Public Improvements to the Cherry Street Parking Ramp o Estimated $250,000 for Streetscape Improvements o Estimated $100,000 for Public Art within the District o Estimated $1.2 million for Administrative costs (10%) TID 24 Project Plan DRAFT page 11 of 12 Economic Feasibility Study, Description of the Methods of Financing Estimated Project Costs and the Time When Related Costs or Monetary Obligations are to be Incurred [TO BE COMPLETED] Annexed Property No parcels or other property or territory will be annexed. All parcels exist within the City of Green Bay. Estimate of Property to Be Devoted to Retail Business [TO BE COMPLETED] Proposed Changes of Zoning Ordinances, Master Plan, Map, Building Codes and City Ordinances No changes to zoning or the comprehensive plan are anticipated at this time. Statement of the Proposed Method for the Relocation of any Persons to be Displaced [TO BE COMPLETED] How Creation of the Tax Incremental District Promotes the Orderly Development of the City [TO BE COMPLETED] List of Estimated Non-Project Costs General reporting costs, audit, and review by the City’s financial consultant on an annual basis. Legal Opinion Advising Whether the Plan is Complete and Complies with Wis. Stat. § 66.1105(4)(f) [TO BE COMPLETED] page 12 of 12 City of Green Bay  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.8 Consideration with possible action to adopt a Creation Resolution to establish TID Number Twenty-five (25), Monroe Street, and adopt the Project Plan. TID 25 is generally located in the area east of N. Monroe Avenue, south of Main Street, west of N. Quincy Street, and north of Cherry Street, plus a portion west of N. Monroe Avenue, south of Main Street, and east of N. Madison Street. TID 25 will be classified as a mixed- use district based on the identification and classification of the property proposed to be included within the TID. Proposed projects include cash grants and loans to owners, lessees, or developers of property within the TID; road, pedestrian, bicycle, and other transportation improvements; potable water, sanitary sewer, and storm water infrastructure; environmentally sustainable infrastructure, public spaces and amenities; land acquisition, environmental remediation, structural rehabilitation, and new construction; and administration. The proposed costs include projects within the proposed boundary and within a one-half (1/2) mile radius of the proposed boundary of the TID. BACKGROUND Staff will provide an overview of the proposed TID 25 at the meeting. RECOMMENDATION Hold until the next Joint Review Board meeting. FISCAL IMPACT A formal fiscal impact analysis will be provided with the final project plan. ATTACHMENTS 1. TID 25 Project Plan Draft 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  City of Green Bay Department of Community and Economic Development Tax Increment District Twenty-Five (25) Monroe Street PROJECT PLAN City of Green Bay, Wisconsin June 17, 2022 PRELIMINARY DRAFT 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov Key Dates: Organizational Joint Review Board Meeting: June 23, 2022 Public Hearing Held: August 1, 2022 Approval by Redevelopment Authority: August 1, 2022 Adoption by Common Council: August 2, 2022 Approval by the Joint Review Board: August 18 or 19, 2022 (TBD) Executive Summary • Description of District: o Tax Incremental District (“TID”) No. 25 (“District”) is a proposed mixed-use district consisting of 25 parcels on approximately 10.4 acres generally bounded by Main Street, N. Monroe Ave., Cherry Street, and Quincy St. • Authority o The City is creating the District under the provisions of Wis. Stat. § 66.1105. • Preliminary Projected/Estimated Project Cost Expenditures ($13.6 million) o Approximately $10 million in development incentives for a mixed-use project at 200 N. Monroe St. (Per approved development agreement contingent upon TIF creation.) o Estimated $1 million in development incentives for future mixed-use redevelopment projects throughout the District. o Estimated $500,000 for Streetscape Improvements o Estimated $1 million for traditional public infrastructure (Water, Sanitary Sewer, Stormwater management, sidewalks, streets, etc.) o Estimated $100,000 for Public Art within the District o Estimated $1 million for Administrative costs (17%) • Preliminary Projected/Estimated Incremental Valuation ($22 million) o Approximately $17 million in improvements for a mixed-use project at 200 N. Monroe. o Approximately $5 million in improvements for potential mixed-use redevelopment projects throughout the rest of the District. • Expected Termination of District o Based on the Economic Feasibility Study located within this Plan, the City anticipates that the District will need to remain open for its entire 20 year life to generate sufficient tax increment to pay all Project Costs. page 2 of 12 City of Green Bay  • Summary of Findings o As required by Wis. Stat. § 66.1105, and as documented in this Plan and the exhibits contained and referenced herein, the following findings are made: [TO BE COMPLETED] TID 24 Project Plan DRAFT page 3 of 12 Preliminary Map of Proposed District Boundary page 4 of 12 City of Green Bay Map Showing Existing Uses and Conditions - Zoning Downtown one (D1) - Solid Brown, Downtown Two (D2) – Hatched Brown, Commercial One (C1) – Solid Red, Varied Density Residential (R3) – Solid Orange TID 24 Project Plan DRAFT page 5 of 12 Map Showing Existing Uses and Conditions – Existing Land Use [TO BE COMPLETED] page 6 of 12 City of Green Bay Map Showing Existing Uses and Conditions – Future Land Use Downtown (Purple), Medium Intensity Retail, Office or Housing (Pink) TID 24 Project Plan DRAFT page 7 of 12  Improvement Map Area Parcel ID Location Owner Total Value Land Value Value (sq ft) 11-160 616 PINE ST CITY OF GREEN BAY $ - $ - $ - 35,014 11-91 420 N MONROE AVE GB REAL ESTATE INVESTMENTS LLC $ 500 $ 500 $ - 1,524 11-53 607 BODART ST MAY MARIE INC $ 235,300 $ 104,100 $ 131,200 17,518 page 8 of 12 11-55 406 N MONROE AVE RICOS PARKING LOT LLC $ 215,100 $ 78,300 $ 136,800 13,157 11-99 620 MAIN ST KUEHN LLC $ 150,000 $ 106,100 $ 43,900 12,510 11-156 227 N QUINCY ST CITY OF GREEN BAY $ - $ - $ - 5,324 11-191 605 CHERRY ST CITY OF GREEN BAY $ - $ - $ - 17,566 11-50 619 BODART ST KEVIN C KUEHN $ - $ - $ - 26,279 11-92 416 N MONROE AVE GREEN BAY CITY OF $ - $ - $ - 11,235 11-95-A MAIN ST GREEN BAY REDEVELOPMENT AUTHORITY $ - $ - $ - 2,045 11-100 417 N QUINCY ST KEVIN C KUEHN $ - $ - $ - 6,760 11-158 624 PINE ST CITY OF GREEN BAY $ - $ - $ - 8,784 11-159 618 PINE ST CITY OF GREEN BAY $ - $ - $ - 8,784 11-157 221 N QUINCY ST CITY OF GREEN BAY $ - $ - $ - 29,810 11-152 621-623 PINE ST RUESCH PROPERTIES LLC $ 233,700 $ 74,700 $ 159,000 8,787 11-45 314 N MONROE AVE EDWARD M & RENEE J WINECK $ 144,200 $ 60,800 $ 83,400 7,978 11-47 618 BODART ST K B PROPERTIES LLP $ 102,200 $ 31,800 $ 70,400 4,185 11-46 610 BODART ST WAGNER ROBERT E & MELIDA REVOCABLE LIVING TRUST $ 239,000 $ 112,400 $ 126,600 16,603 11-155 313 N QUINCY ST RUESCH PROPERTIES LLC $ 56,300 $ 19,100 $ 37,200 5,325 11-48 622 BODART ST NEW COMMUNITY CLINIC LTD $ - $ - $ - 22,177 11-153 625-627 PINE ST RUESCH PROPERTIES LLC $ 184,800 $ 50,100 $ 134,700 5,893 11-149 310 N MONROE AVE MAIN ORIENTAL MARKET LLC $ 206,600 $ 145,700 $ 60,900 21,436 11-154 303 N QUINCY ST RUESCH PROPERTIES LLC $ 138,100 $ 38,000 $ 100,100 6,356 Preliminary Parcel List and Analysis (as of 6/17/2022) 11-44 BODART ST RENEE J & EDWARD M WINECK $ 54,400 $ 51,200 $ 3,200 6,691 11-66 411 N MONROE AVE MONROE PLAZA APARTMENTS LLC $ - $ - $ - 70,338 $ 1,960,200 $ 872,800 $ 1,087,400 372,080 City of Green Bay Equalized Value Test [TO BE COMPLETED] Statement Listing the Kind, Number and Location of All Proposed Public Works or Improvements Within the District [TO BE COMPLETED] TID 24 Project Plan DRAFT page 9 of 12 Map Showing Proposed Improvements and Uses [TO BE COMPLETED] page 10 of 12 City of Green Bay Detailed List of Estimated Project Costs [TO BE COMPLETED] o Approximately $10 million in development incentives for a mixed-use project at 200 N. Monroe St. (Per approved development agreement contingent upon TIF creation.) o Estimated $1 million in development incentives for future mixed-use redevelopment projects throughout the District. o Estimated $500,000 for Streetscape Improvements o Estimated $1 million for traditional public infrastructure (Water, Sanitary Sewer, Stormwater management, sidewalks, streets, etc.) o Estimated $100,000 for Public Art within the District o Estimated $1 million for Administrative costs (17%) TID 24 Project Plan DRAFT page 11 of 12 Economic Feasibility Study, Description of the Methods of Financing Estimated Project Costs and the Time When Related Costs or Monetary Obligations are to be Incurred [TO BE COMPLETED] Annexed Property No parcels or other property or territory will be annexed. All parcels exist within the City of Green Bay. Estimate of Property to Be Devoted to Retail Business [TO BE COMPLETED] Proposed Changes of Zoning Ordinances, Master Plan, Map, Building Codes and City Ordinances No changes to zoning or the comprehensive plan are anticipated at this time. Statement of the Proposed Method for the Relocation of any Persons to be Displaced [TO BE COMPLETED] How Creation of the Tax Incremental District Promotes the Orderly Development of the City [TO BE COMPLETED] List of Estimated Non-Project Costs General reporting costs, audit, and review by the City’s financial consultant on an annual basis. Legal Opinion Advising Whether the Plan is Complete and Complies with Wis. Stat. § 66.1105(4)(f) [TO BE COMPLETED] page 12 of 12 City of Green Bay  Report to the Tax Incremental Districts Joint Review Board of the City of Green Bay MEETING DATE PREPARED BY June 23, 2022 Neil Stechschulte, Director AGENDA ITEM # E.9 Consideration with possible action to adopt a Creation Resolution to establish TID Number Twenty-six (26), Grandview Industrial Park, and adopt the Project Plan. TID 26 is generally located in the area east of Erie Road, south of E. Mason Street, west of S. Northview Road, and north of Padi-Wood Lane, plus a portion east of S. Grandview Road, north of Finger Road, and west of S. Northview Road. TID 24 will be classified as a mixed-use district based on the identification and classification of the property proposed to be included within the TID. Proposed projects include cash grants and loans to owners, lessees, or developers of property within the TID; road, pedestrian, bicycle, and other transportation improvements; potable water, sanitary sewer, and storm water infrastructure; environmentally sustainable infrastructure, public spaces and amenities; land acquisition, environmental remediation, structural rehabilitation, and new construction; and administration. The proposed costs include projects within the proposed boundary and within a one-half (1/2) mile radius of the proposed boundary of the TID. BACKGROUND Staff will provide a detailed overview of the project plan at the meeting. RECOMMENDATION Hold until the next Joint Review Board meeting. FISCAL IMPACT A formal fiscal impact analysis will be provided as part ot the final project plan. ATTACHMENTS 1. TID 26 Project Plan Draft 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  City of Green Bay Department of Community and Economic Development Tax Increment District Twenty-Six (26) Grandview Industrial Park PROJECT PLAN City of Green Bay, Wisconsin June 17, 2022 PRELIMINARY DRAFT 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov Key Dates: Organizational Joint Review Board Meeting: June 23, 2022 Public Hearing Held: August 1, 2022 Approval by Redevelopment Authority: August 1, 2022 Adoption by Common Council: August 2, 2022 Approval by the Joint Review Board: August 18 or 19, 2022 (TBD) Executive Summary • Description of District: o Tax Incremental District (“TID”) No. 26 (“District”) is a proposed industrial district consisting of 14 parcels on approximately 208.7 acres generally bounded by Main Street, N. Monroe Ave., Cherry Street, and Quincy St. • Authority o The City is creating the District under the provisions of Wis. Stat. § 66.1105. • Preliminary Projected/Estimated Project Cost Expenditures ($17.1 million) o Approximately $3 million in development incentives for an industrial project at 3731 Finger Road (Per approved development agreement contingent upon TIF creation.) o Estimated $3 million in future development incentives for future industrial development projects throughout the District. o Estimated $10 million for traditional public infrastructure (Water, Sanitary Sewer, Stormwater management, sidewalks, streets, etc.) o Estimated $100,000 for Public Art within the District o Estimated $1 million for Administrative costs • Preliminary Projected/Estimated Incremental Valuation ($22 million) o Approximately $35 million in improvements for an industrial project at 3731 Finger Road (Per approved development agreement contingent upon TIF creation.) o Approximately $30 million in improvements for potential industrial development projects throughout the rest of the District. • Expected Termination of District o Based on the Economic Feasibility Study located within this Plan, the City anticipates that the District will need to remain open for its entire 20 year life to generate sufficient tax increment to pay all Project Costs. page 2 of 12 City of Green Bay  • Summary of Findings o As required by Wis. Stat. § 66.1105, and as documented in this Plan and the exhibits contained and referenced herein, the following findings are made: [TO BE COMPLETED] TID 24 Project Plan DRAFT page 3 of 12 Preliminary Map of Proposed District Boundary page 4 of 12 City of Green Bay Map Showing Existing Uses and Conditions - Zoning [TO BE COMPLETED] TID 24 Project Plan DRAFT page 5 of 12 Map Showing Existing Uses and Conditions – Existing Land Use [TO BE COMPLETED] page 6 of 12 City of Green Bay Map Showing Existing Uses and Conditions – Future Land Use [TO BE COMPLETED] TID 24 Project Plan DRAFT page 7 of 12  Improvement Map Area Location Owner Total Value Land Value Value (sq ft) 3714 E MASON ST GREEN BAY CITY OF $ - $ - $ - 179,363 page 8 of 12 3760 E MASON ST GREEN BAY CITY OF $ - $ - $ - 134,728 3731 FINGER RD GREEN BAY CITY OF $ - $ - $ - 1,002,454 3731 FINGER RD GREEN BAY CITY OF $ - $ - $ - 768,727 S NORTHVIEW RD RRL LAND LLC $ 1,800 $ 1,800 $ - 435,590 909 S GRANDVIEW RD RENTMEESTER ANTOINETTE L REVOCABLE TRUST $ 125,900 $ 55,000 $ 70,900 1,284,761 1020 S GRANDVIEW RD STUART E & CYNTHIA G FRANKOW $ 169,100 $ 47,400 $ 121,700 370,625 911 ERIE RD JOHN J BUNKER, ETAL $ 79,000 $ 79,000 $ - 111,540 ARLINE LN & & & & & PIERQUET FAMILY LTD PARTNERSHIP $ 6,400 $ 6,400 $ - 1,562,724 720 S GRANDVIEW RD PIERQUET ROSELLA REVOCABLE TRUST $ 300 $ 300 $ - 64,445 PADI WOOD LN PIERQUET FAMILY LTD PARTNERSHIP ETAL $ 5,100 $ 5,100 $ - 1,235,124 641 S GRANDVIEW RD GREEN BAY CITY OF $ - $ - $ - 102,400 S GRANDVIEW RD RENTMEESTER ANTOINETTE L REVOCABLE TRUST $ 4,700 $ 4,700 $ - 1,143,335 E MASON ST PIERQUET FAMILY LTD PARTNERSHIP ETAL $ 2,000 $ 2,000 $ - 697,864 $ 394,300 $ 201,700 $ 192,600 9,093,678 Preliminary Parcel List and Analysis (as of 6/17/2022) City of Green Bay Equalized Value Test [TO BE COMPLETED] Statement Listing the Kind, Number and Location of All Proposed Public Works or Improvements Within the District [TO BE COMPLETED] TID 24 Project Plan DRAFT page 9 of 12 Map Showing Proposed Improvements and Uses [TO BE COMPLETED] page 10 of 12 City of Green Bay Detailed List of Estimated Project Costs • Preliminary Projected/Estimated Project Cost Expenditures ($17.1 million) o Approximately $3 million in development incentives for an industrial project at 3731 Finger Road (Per approved development agreement contingent upon TIF creation.) o Estimated $3 million in future development incentives for future industrial development projects throughout the District. o Estimated $10 million for traditional public infrastructure (Water, Sanitary Sewer, Stormwater management, sidewalks, streets, etc.) o Estimated $100,000 for Public Art within the District o Estimated $1 million for Administrative costs TID 24 Project Plan DRAFT page 11 of 12 Economic Feasibility Study, Description of the Methods of Financing Estimated Project Costs and the Time When Related Costs or Monetary Obligations are to be Incurred [TO BE COMPLETED] Annexed Property No parcels or other property or territory will be annexed. All parcels exist within the City of Green Bay. Estimate of Property to Be Devoted to Retail Business [TO BE COMPLETED] Proposed Changes of Zoning Ordinances, Master Plan, Map, Building Codes and City Ordinances No changes to zoning or the comprehensive plan are anticipated at this time. Statement of the Proposed Method for the Relocation of any Persons to be Displaced [TO BE COMPLETED] How Creation of the Tax Incremental District Promotes the Orderly Development of the City [TO BE COMPLETED] List of Estimated Non-Project Costs General reporting costs, audit, and review by the City’s financial consultant on an annual basis. Legal Opinion Advising Whether the Plan is Complete and Complies with Wis. Stat. § 66.1105(4)(f) [TO BE COMPLETED] page 12 of 12 City of Green Bay