Written by KRISTYN HALBIG ZIEHM
Wednesday, 24 June 2015 22:55
Port finalizing 20-year TIF district plan needed for Cedar Vineyard project
The Port Washington Plan Commission last week got a peek at what a proposed tax incremental financing district for the Cedar Vineyard subdivision on the city’s south side would entail.
City Administrator Mark Grams said that, although the final numbers haven’t been calculated, officials expect the district will finance as much as $7 million in projects not just for the 227-acre subdivision but also for work in the industrial park.
That amount includes funds to extend sewer and water services to the subdivision, as well as a lift station and force main. Street improvements along Highway C, including a bike and pedestrian path that would link the subdivision to downtown, would also be funded.
In addition, there would be $1 million to cover the city’s share of purchasing a 101-acre nature preserve within the subdivision.
Additional funding for the preserve would come from Ozaukee County, and perhaps a Department of Natural Resources stewardship grant, Grams said.
The project would also include money to acquire land and do some street projects and utility work in the industrial park, he said.
Randy Tetzlaff, the city’s director of planning and development, told plan commission members that a number of undeveloped parcels in the industrial park will be included in the plan.
Some of those parcels are likely to be sold or placed for sale soon, he said, citing a five-acre parcel owned by KMC that the company has deemed surplus.
In one case, the city hoped to facilitate expansion of a firm, Tetzlaff said. Construction Forms wants to expand its facility but because it doesn’t have the needed land, the only way this can be done is on land currently used by the Ozaukee Sports Center.