_07062026-1834

Cc: Board members; City Attorney; Joe Murray ; City Assessor, Common Council file and City Clerk ’s file. City of Marinette TID # 20 Joint Review Board minutes page 1 of 1 CITY OF MARINETTE TAX INCREMENT DISTRICT NO. 20 JOINT REVIEW BOARD CREATION MEETING MINUTES FROM JULY 0 6 , 20 26 1. Acting Chairperson , Mayor Genisot , called the City of Marinette Tax Incremental Finance District No. 20 Joint Review Board creation meeting to order at 12 :0 1 PM in the Co ucil Chambers Marinette City Hall, 1905 Hall Avenue. 2. Joint Review Board Members Present: Representing the City of Marinette, Mayor Steve Genisot ; Representing Marinette County Board , District No. 28 Supervisor, Peter Noppenberg and County Board Chairperson, John M. Guarisco ; Candidate for Public at large member, Joanne Vieth , Representing the Northeast Wisconsin Technical College District via teleconference, Adam Pfost and representing School District of Marinette, Finance Director School District of Marinette designee , Sean Kelly . Absent: None . Others Present: Alderperson s Karban & Demmith ; City Attorney Gagan ; Joe Murray; Kathi Kuenzi; Doug Oitzinger ; Melissa Ebsch ; Jim Paul; Steve Olcott; Jan Kust ; and City Treasurer/Finance Director Miller . 3. APPOINTMENT AND/OR REAFFIRMATION OF JOINT REVIEW BOARD ’S PUBLIC MEMBER: A ll Joint Review member c oncurre d to elect Joanne Vieth as the Tax Incremental Finance District No. 20 Joint Review Board ’s Public At-Large Member. 4. ELECTION AND/OR REAFFIRMATION OF CHAIRPERSON: Sean Kelly moved/ Peter Noppenberg seconded and all c oncurr ed to nominate Mayor Genisot as Tax Incremental Finance District No. 20 Joint Review Board Chairperson. 5. DISCUSS RESPONSIBILITIES OF THE JOINT REVIEW BOARD. Joe Murray , Municipal Advisor from Ehlers Public Finance Advisors reported this initial meeting of the Joint Review Board is to organize, receive preliminary information of what the City of Marinette Tax Incremental Finance District No. 20 project entails and establish a final meeting date to approve district . 6. DISCUSSION AND REVIEW PROJECT PLAN. Joe Murray , Municipal Advisor from Ehlers Public Finance Advisors presented the proposed City of Marinette Tax Incremental Finance TID # 20 Project Plan located at 1905 Hall Avenue . The proposed district encompasses approximately 5.90 acres surrounding 1905 Hall Avenue . Mr. Murray explained that the proposed TID # 2 0 qualifies as a Mixed-Use district , pursuant to Wis. Stat. § 66.1 105 (2)( cm ), as the area proposed for newly platted residential use, does not exceed 3 5% of the total real property area within the district. The projected li fespan of the district is 2 0 years with anticipated closure in 20 47 . The p roposed project plan includes approximately $ 2 .96 million in public improvement expenditures . These expenditures include an estimated $500,000 in development incentives associated with demolition/renovation of the former City Hall, $500,000 for infrastructure improvements along Stephenson Street, $815,000 in interest expense and $140,000 in City planning and administrative expenses. The f easibility study indicated TID # 20 is expected to generate approximately$6 million in incremental value by 2028 . A final development agreement between the City of Marinette and T Spell , has not yet been finalized. 7. ESTABLISH NEXT JRB MEETING DATE. By unanimous consent, Board members concurred to establish the next TID # 20 Joint Review Board meeting date for Mon day August 1 7 , 20 2 6 at 12 :0 0 pm contingent upon the City of Marinette Plan Commission and Common Council adoption of resolutions approving TID # 20 District Project Plan and boundaries to be considered later today by the Plan Commission and by the Common Council on Tu esday , July 21 , 20 2 6 . 8. ADJOURN. Peter Noppenberg moved/ Joanne Vieth seconded and all concurred to adjourn at 12 :55 PM . Recorded and submitted by: Mindy Campbell , City of Marinette Deputy Clerk