City commissions recommend City Council adopt TID #5 development agreement with Neillsville Development, LLC

Neillsville — At a July 10 joint meeting of the Planning Commission and the Economic Development Commission, commissioners recommended that the City Council adopt and execute the Tax Incremental Financing (TID) #5 Development Agreement with Neillsville Development, LLC.

City Administrator and Director of Public Works Luke Friemoth and Commissioner Natalie Erpenbach led a discussion of the agreement, which defines the development property, the incentives the city would provide, an estimate of construction by unit type and year, projected tax increment generated by the planned construction, and the street and utility work that would proceed once specified tax-increment thresholds are met. Dale Lawson of Neillsville Development, LLC was present to answer questions.

Commissioners asked for one technical change: add the exact legal description for each parcel in addition to the parcel numbers already shown. Following discussion, Commissioner Greg Gliszinski moved to recommend that the City Council adopt and execute the TID #5 Development Agreement “as presented and modified.” John Gaier seconded the motion; it passed by voice vote. The minutes note that Gaier left the meeting at 5:24 p.m.

The Development Agreement presented in the minutes lays out a staged approach to public improvements tied to tax-increment attainment; it also includes an estimate of new tax increment by year based on projected construction. The minutes do not include dollar figures for incentives or the specific tax-increment estimates; those figures are described in the agreement itself and were not printed verbatim in the minutes.

Next steps: the commissions recommended the measure to the City Council for formal action. The minutes record that the agreement was to be adopted and executed “as presented and modified,” with the modification described above. The City Council will need to confirm the commissions’ recommendation and adopt the agreement before any contract-level commitments or public improvements move forward.