City planning staff presented an introductory communication to the Common Council on proposed amendments to Tax Incremental District (TID) number 7 (Summit Place Business Park) and the proposed creation of TID number 21 (90 Second Street / Greenfield area).
Planning staff member Patrick summarized the TID 7 history and the proposal to use surplus increment under state law (citing the statute in the meeting) to retire outstanding debt and support other project areas. He told the council the district, established in 2004, covers roughly 650,000 square feet of former industrial/office space at Summit Place and currently has about $6,000,000 in surplus increment available. Staff recommended using part of that surplus to pay about $1,200,000 in outstanding debt service on TID 6 (the site previously known as the Live Fit/Glen Reeder site) and to donate to TID 13, which supports redevelopment of a former bottling/industrial parcel that required environmental remediation.
Patrick described a proposed project budget change tied to the amendment that would set aside approximately $880,000 to acquire a former mortar casting parcel and $1,000,000 as an economic development set‑aside to help attract industrial tenants and subsidize build‑out of spaces. He also said up to $500,000 was being considered for “Maker's Row” tenant improvements; staff noted some of those funds might not be needed and other available grants (including CDBG) or fire department loan programs could be paired with TID dollars.
Staff reported TID 7 produces roughly $1,200,000 a year in increment; using the proposed donations and allocations would break down the district's debt and leave room for distribution to other taxing jurisdictions upon closure. Patrick also described a state law option to hold surplus for one year to create an affordable housing fund when closing a district and recommended the council consider that approach.
On TID 21, Patrick said the proposal covers roughly 5.3 acres near the former St. Alice site and could support a roughly $40,000,000 development — described in staff materials as garden‑style and mid‑rise apartment buildings totaling roughly 100+ units. He said the proposed TID could generate about $14,000,000 in increment over a 27‑year period under staff projections and that development agreements and economic feasibility details would return to the council and to the joint review board for later approval and negotiation.
Council members praised the packet materials and the affordable housing set‑aside idea and asked procedural questions. Staff said the meeting was an introduction: the resolution consideration is scheduled for Oct. 21 and the joint review board will meet Nov. 10 on the final proposal. The item was presented for discussion; no final action or vote on the TID amendments or creation was taken at the meeting.