City of Madison
Legislative File ID   01551
Type:   Resolution    Status:   Passed
Enactment Date:   11/8/2006    Enactment No.:   RES-06-00898
Title:  
Accepting the Report of the Board of Estimates Subcommittee on Tax Incremental Finance (TIF).
Controlling Body:   BOARD OF ESTIMATES
Introduced:   6/29/2005    Version:   1
Final Action:   11/7/2006    Contact:   Jennifer Stoiber
Name:  
Accepting the Report of the Board of Estimates Subcommittee on Tax Incremental Finance (TIF).
Extra Date 1:  
Requester:   BOARD OF ESTIMATES
Sponsors:  
David J. Cieslewicz, Common Council By Request
Legislative History
DateActing BodyAction TakenMotion
6/29/2005Community and Economic Development UnitFiscal Note Required / Approval to the Comptroller's Office/Approval Group Completed on 6/29/2005
6/29/2005Comptroller's Office/Approval GroupApproved Fiscal Note By The Comptroller's Office to the Community and Economic Development Unit Completed on 6/29/2005
Notes: Bohrod
6/29/2005Community and Economic Development UnitReferred for Introduction
Notes: Board of Estimates, Economic Development Commission, Plan Commission, Housing Committee
7/5/2005COMMON COUNCILAdditional Referral(s): Economic Development Commission, Plan Commission, Housing Committee
7/5/2005BOARD OF ESTIMATESRefer to the ECONOMIC DEVELOPMENT COMMITTEE Completed on 8/3/2005
7/5/2005BOARD OF ESTIMATESRefer to the PLAN COMMISSION Completed on 8/1/2005
7/5/2005BOARD OF ESTIMATESRefer to the HOUSING COMMITTEE Completed on 9/7/2005
7/18/2005PLAN COMMISSIONA motion was made by Konkel, seconded by Golden, to Rerefer to the PLAN COMMISSION, due back on August 1, 2005. The motion passed by acclamation.Pass
Notes: As part of the referral of this item, the Plan Commission asked staff to frame questions for the Commission to help them consider their role in the TIF process.
8/1/2005PLAN COMMISSIONA motion was made by Konkel, seconded by Davis, to Rerefer to the PLAN COMMISSION. The motion passed by acclamation.Pass
8/3/2005ECONOMIC DEVELOPMENT COMMITTEEto the September 7, 2005 meeting. Chair Bugher referred the Commission to the draft second revised memo prepared by staff which used the comments from the Commissioners on the first draft. He invited Susan Schmitz to the table to speak. Schmitz explained that the DMI had initiated the Board of Estimates review of the TIF policy. She wanted to share a draft of a set of principles that DMI felt should govern consideration of specific changes to the application review and funding process. DMI is concerned that restrictions on the use of TIF would inhibit the City's use of TIF to take advantage of opportunities in the public interest. The principles recommended by DMI were as follows: 1. Flexibility -- the TIF policy needs to be flexible and available to be used in many circumstances. The City should not, in a policy statement, limit or hamstring the creativity of developers, city planners, or other interested persons. 2. Priorities -- Job creation should be a key priority for TIF but it is not the only priority. For instance, especially in downtown, housing can be a catalyst for economic and neighborhood development or redevelopment that will, in turn, encourage development or expansion of downtown employment centers. A good example of this would be workforce housing. 3. Planning -- TIF priorities should be driven by, and set in, the context of a long range economic plan. 4. Expand Capacity -- Use "pay as you go" and other techniques to expand the ability of the City to use the TIF tool. These tools should be encouraged, rather than limited. 5. Process Improvement -- Clarity and efficiency are desired. Developers have choices as to where to locate projects and imposing additional cost, delays, complexity, or uncertainty on the TIF process limits the City's ability to effectively compete for worthwhile projects. After discussion of the principles, Bugher thanked Schmitz for her presentation and turned the Commission's attention to the draft memo. The Commission discussed each section of the memo, and made changes and deletions. The final draft of the memo was approved by consensus. Staff were instructed to make the changes and send the memo to the Board of Estimates and the Common Council.
8/22/2005PLAN COMMISSIONA motion was made by Konkel, seconded by Cnare, to Rerefer to the PLAN COMMISSION. The motion passed by acclamation.Pass
9/7/2005ECONOMIC DEVELOPMENT COMMITTEEA motion was made by Clarke, seconded by Still, to Return to Lead with the Recommendation for Approval to the BOARD OF ESTIMATES. The motion passed by acclamation.Pass
9/7/2005HOUSING COMMITTEEA motion was made by Brink, seconded by Zmudzinski, to Return to Lead with the Following Recommendation(s) to the BOARD OF ESTIMATES The Housing Committee recommends adoption of the BOE TIF Subcommittee report with the inclusion of the housing items in Appendix D. The motion passed by the following vote:Pass
(11:0)
Notes: Hirsch noted the Affordable Housing Subcommittee has a recommendation that was sent with the agenda. The recommendation is as follows: "The Housing Committee not recommend adoption of the BOE TIF subcommittee's report until the mechanisms in appendix D regarding affordable housing are reviewed and incorporated into the report and recommendations to the Council." Brink moved to report the recommendation of the Affordable Housing Subcommittee to the Board of Estimates, second by Zmudzinski. For stylistic reasons, King stated the language should be that we recommend adoption with the inclusion of appendix D. Wilcox clarified that we approve the recommendations on the City's TIF policy conditioned upon the addition of the recommendations of the Affordable Housing Subcommittee. Verveer would like the communication to the Board of Estimates be more clear than what was included in the packet.
9/19/2005PLAN COMMISSIONA motion was made by Bowser, seconded by Boll, to Rerefer to the PLAN COMMISSION. The motion passed by acclamation.Pass
Notes: The Plan Commission referred this item to a future meeting, either as a discussion at an upcoming regularly scheduled meeting or a special meeting with date to be determined.
10/24/2005PLAN COMMISSIONA motion was made by Konkel, seconded by Thompson-Frater, to Rerefer to the PLAN COMMISSION, due back on November 7, 2005. The motion passed by acclamation.Pass
11/7/2005PLAN COMMISSIONA motion was made by Bowser, seconded by Boll, to Return to Lead with the Recommendation for Approval to the BOARD OF ESTIMATES. The motion passed by acclamation.Pass
11/21/2005PLAN COMMISSIONA motion was made by Konkel, seconded by Golden, to Return to Lead with the Recommendation for Approval to the BOARD OF ESTIMATES. The motion passed by acclamation.Pass
Notes: The Plan Commission recommended approval of a draft memorandum commenting on the report subject to the following revisions: -Incorporating recommendations #1, 3 and 5 of the Housing Committee report, and; -Revising all references to "pre-application" in the report to "Process Stage 1."
8/28/2006BOARD OF ESTIMATESA motion was made by King, seconded by Verveer, to Refer to the BOARD OF ESTIMATES. The motion passed by acclamation.Pass
10/30/2006BOARD OF ESTIMATESA motion was made by Bruer, seconded by Olson, to RECOMMEND TO COUNCIL WITH THE FOLLOWING RECOMMENDATIONS - REPORT OF OFFICER Accept Report. The motion passed by acclamation.Pass
Notes: Accept Report.
11/7/2006COMMON COUNCILA motion was made by Ald. Van Rooy, seconded by Ald. Verveer, to Adopt. The motion passed by acclamation.Pass

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