City of Oak Creek

Common Council Report

Meeting Date: April 2, 2007

Item No.:        

Recommendation:  That the Council adopt Resolution No. 10747-040207 approving the certified survey map for Occidental Development for the property at 9810 S. 27th Street with the condition that the CSM not be recorded until the project plan for TIF #7 is approved by the joint review board.

Background:  The City of Oak Creek has reached an agreement with Occidental Development to have them split off a 30-foot wide strip of land from their existing parcel of land.  This is being done in anticipation of the creation of the TIF #7 District.  This district’s boundaries are, in general, Drexel Avenue on the north, the County Line on the south, Interstate 94 on the east and S. 27th Street on the west.  However, the district excludes existing large residential developments within the boundaries.  State law mandates that TIF boundaries must be contiguous and in order to include the recommended improvements to S. 27th Street the City needs to have the land adjacent to the street within the TIF boundaries.  In order to accomplish this, while excluding exclude Oak Shores Apartments from the district, creation of this lot along S. 27th is needed.  Should the City elect to not create TIF #7, this CSM would not be recorded and the property would remain as is.

Fiscal Impact:  This land division will not have any direct fiscal impact.  The creation of this outlot will however preserve the City’s capacity for future tax incremental financing districts.

Prepared by: Doug Seymour, AICP Director of Community Development

Respectfully submitted, Patrick DeGrave City Administrator

Fiscal Review by:

Beverly A. Buretta, CMC

City Clerk