A meeting of the City of Kaukauna Plan Commission was called to order at 4:00 p.m. on Thursday, June 7, 2018, by Chairman Penterman.
Members Present: Coonen (by phone), Feldt, McGinnis, Moore, Penterman, Sundelius.
Also Present: Planning Director Jakel, City Attorney Davidson, Principal Planner Watson, Planning/Engineering Technician Holmes, Brian Roebke of the Times/Villager.
Absent and Excused: Oldenberg, Schoenike.
Excuse the Absent. A motion to excuse the absent Commission members was made by McGinnis, seconded by Moore. All members voted aye. Motion carried.
TIF #10 Project Plan – St. Al’s Site. Mr. Jakel explained that per discussion at the last meeting, the Commission asked staff to determine an amount of TIF funding needed to remove the vacant building and address the large incompatible land use. Mr. Jakel recommended $570,000, however he explained that the developer does not believe that is a sufficient amount to assist in the project. The first step is to draft a developer’s agreement which includes payment of the $570,000 upfront with proof by the developer of acquisition. The agreement would also address a reimbursement to the developer of $4,000 per lateral hook-up to be paid when each unit is developed. The next step is to rezone the property from IT – Institutional to RSF – Residential Single Family at the perimeter of the property and RTF – Residential Two Family at the interior. Mr. Sundelius asked if the developer would agree to these proposed conditions. Mr. Jakel explained that he will work with Mr. Verstegen to finalize the details. Mr. Sundelius asked for clarification on the cash flow. Mr. Jakel explained that part of the issue is the large amount of expenditures required within the first year of the TIF. Mr. Sundelius asked if the Finance Director had reviewed the plan. Mr. Jakel explained that the Finance Director had no objection and that when drafting the plan, Mr. Jakel used $80,100 as the cost of financing and interest, which may be on the high side. Mr. Moore asked if the scenario was comparable to other TIF’s in the City. Mr. Jakel explained that we had never done a residential TIF before however this one has similar aspects and anticipated timeline as the TIF to Dutch Boyz Development. Mr. Moore expressed his concern that other developers might look for a similar deal. Mr. Jakel explained that this is a unique project with a large incompatible land use in a residential neighborhood. Mr. McGinnis asked about similarities to the Nicolet School building. Mr. Jakel explained that the Nicolet School building was rehabbed with assistance from the Redevelopment Authority and wasn’t really an apples to apples comparison. Mr. Sundelius agreed with Mr. Feldt’s comments from the previous meeting that there is some value in demolishing the building as a means to stop the deterioration. A motion to approve the project plan for TIF #10 (St. Al’s Site) and forward it to the Council for ratification was made by Sundelius, seconded by Feldt. All members voted aye. Motion carried.
There being no further business to be brought before the Commission, a motion to adjourn the meeting at 4:15 p.m. was made by Sundelius, seconded by Feldt. All members voted aye. Motion carried.