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WFB Trustee Meeting 8/3

Posted by on Aug. 5, 2009

Assessments, Property Taxes, Trustees, Village Board, Shorewood

It's been a slow summer for blogging the Village.

Here's what went on last night at the WFB Village Trustee meeting:

• A new Villager was appointed to the Library Board, Georgia Mavrinac, who previously served on the CDA. Thank you for your efforts.
   
• We had a public hearing and debated the Cumberland project. This had been debated months back, but the Village had inadvertently missed the driveway apron assessments.
  
  Just a refresher .. the Village (all of us) pay for 70% of (most) street repairs. Individual homeowners pay 30%, based on their frontage. Driveway aprons are paid for 100% by the homeowner.
  
  So while no one is happy with assessments, the project costs $244k, property owners pick up about $73k, plus or minus. The entire driveway apron project is paid for by owners.
   
• We had a public hearing and debated the "Sanitary Sewer Relay Project" of 2009, where we are replacing relays and laterals around 10 blocks of the Village. Of greatest concern to residents, naturally, is that the sewer laterals (from the main to your property line near your sidewalk) is paid for by each property owner, at around $2800 each.
  
  WFB's sewers were laid decades ago.
   
• We also started the discussion about 2010's Sewer/Lateral project, whereby another set of 10-20 blocks of sewers will be maintained. A public hearing is tentatively set for the next Trustee meeting, which is September 14th.

Finally the most interesting item from last night was a presentation by Shorewood and its developer "WiRED Properties" for the Location Formerly Known as the Mobil Station across from Wick's liquor on Oakland.

Why? Because the WFB/Shorewood boundary slices half-way through that lot.

Here's a picture of the lot .. Wick's is on the lower right, Mobil is in the center. The Mobil station has since been demolished.

Into this:

The development includes 26 one, two, and three bedroom "luxury" apartments, plus 4 retail spots. The developer has tenants lined up already, including a wine bar, spa, and coffee retailer.

Under the proposal, Shorewood would pay WFB $103k for 150 years of property taxes, based on the Village's share of the current property tax stream of $2,500/year. The WFB School District, which receives roughly 50% of property tax revenue would be compensated in the neighborhood of $200k. The School District will need to approve this transaction as well.

UPDATE 9/18:  That was inaccurate.  The developers/Shorewood offered the School District $40k, which they declined on 9/16.  The school board's decision has no impact on whether the project goes forward.

The developer needs Shorewood's TIF financing to complete the project. If WFB declines to sell the property, the developer explained the project would not move forward, but instead, some other form of development on the Shorewood half would be considered.

Make sure to read:

• Grab Bag: Chronic Nuisnaces, Trustee Meeting, State Aid
• WFB 4th of July Festivities: SUPPORT THE WFB Civic Foundation!
• Armory Park Update
• 2nd Blogversary
• Rep. Pasch Town Hall Meeting
• Wisconsin State Budget - Just Appalling
• WFB School Drug Search Followup
• WFB Vandalism
• Wear Glasses? Read this.
• Lake Express 2009 Rates - WOW.
  

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