Greendale Village Board - Budget Approval, TID#6, and Loomis Road Development

Greendale Today                                        

Potential Development on Loomis Road

The Greendale Village Board is considering developing the Southeast corner of Loomis and Southway (6190 West Loomis Road) directly across from the Walgreens.  According to the Special Closed Board Meeting agenda held on Tuesday, November 1st the board discussed proposals for the purchase and development of 6190 Loomis Road.  More to come as to what will be developed business, residential, commercial, mixed use and how it will fit in to our community.

 Village Budget 

A public hearing on the 2023 village budget will be held at the regular village board meeting on November 15, 2022 at 6pm.  Following the public hearing, the Village Board will consider adoption of the budget.  According to the village web page, following are the highlights of the recommended 2023 village budget:

• The proposed Village property tax levy will increase by $125,637  (1.2%) compared to last year.  The proposed Village tax rate is $6.37 per $1,000 in assessed value, a decrease of $1.84 (-22.4%) primarily due to the 2022 revaluation.
• General Fund budget of $12.4 million, reflecting an increase of $358,526 (2.97%) from the 2022 Budget.
• 2023 Capital Equipment expenses:
  • Ambulance (ordered in 2022) - $270,000
  • IT Upgrades - $130,000
  • Police Squad Cars (2) - $111,528
  • DPW Backup Generator - $100,781
  • Boom Truck (Used) - $75,000
  • Building Plans Digital Archiving - $17,000
  • Mower Replacement - $16,000
  • Police Body Armor - $4,000
• 2023 Capital Facilities expenses:
  • DPW Yard Green Infrastructure - $588,786 (71.6% funded by MMSD grant)
  • Community Center Basketball Courts - $72,420
  • Fire Range Remodel - $70,000 (Paid by Kolisch donation)
  • CLC Main Floor Lighting - $35,000
  • Health Dept. Office Reconfigurations - $25,000
  • CLC HVAC Twinned Unit Replacement - $22,000
  • Firehouse Outside Door into Training Tower - $15,000
  • CLC Exterior Repairs/Refinishing - $10,000
  • Village Hall Break Room Upgrades - $6,000
• 2023 Capital Roads & Infrastructure expenses:
  • W. Edgerton Ave. (West border to 84th St.) - $400,770
  • Oakwood St. (S. 60th St. to Oxford Dr.) - $378,400
  • Eaton Ln. - $124,800
  • Gateway Rd. - $50,000
  • Engineering/GIS - $45,000
  • Crack sealing - $45,000
  • WiscNet Fiber Connection (Installment 3 of 4) - $30,750
  • Sidewalk Replacements - $10,000
• Creation of a Tourism & Events Fund to account for all tourism and events related expenses, with long-term goal of become a self-sufficient fund that would not rely on property taxes.
• Creation of a part-time Code Enforcement Officer position funded by requested Community Development Block Grant  (CDBG).
• Proposed increase to quarterly recycling fee from $7.77 to $14.00 to address increased expenses.

Attend the public hearing on November 15 and make your concerns count.  The entire village budget can be accessed at 2023 Recommended Village Budget

Creation of Tax Incremental District #6

According to the village website:

The Village of Greendale will be considering the creation of Tax Incremental Financing District (TID) #6 to allow for the redevelopment of the former Boston Store property adjacent to Southridge Mall. The TID #6 Draft Project Plan was presented to the Joint Review Board and Plan Commission on August 31, and received approval from Plan Commission. Village Board approved creation of TID #6 on October 18, 2022 and final approval will be needed by Joint Review Board on November 15th at 4pm. Additional information about the proposed TID #6 can be found in the draft Project Plan.

Tax Incremental District (“TID”) No. 6 (“District”) is a proposed Blighted Area District comprising approximately 14.82 acres located in the Southridge Mall area. The District will be created to pay the costs of infrastructure needed to allow the property to be developed by Barrett Lo. In addition to the incremental property value that will be created, the Project will result in redevelopment of the former Boston Store property at Southridge Mall. The redevelopment will bring new apartment options, modern retail amenities and significant new tax base to the Village. The development will include a residential complex constructed in three phases with a total of up to 790 apartments including underground parking. The development will also include approximately 50,000 square feet of retail/commercial space with a public plaza.

The Village anticipates making total expenditures of approximately $10.6 million to undertake the projects listed in this Project Plan. Project Costs include an estimated $8.8 in infrastructure projects that the Village will be required to fund as part of the development agreement.

 VOTE

Don't forget to vote this Tuesday, November 8th!

UPCOMING EVENTS

Holiday Tree Lighting - Friday, November 25th at 6PM on Broad Street

Sensory Santa Experience - Saturday, November 26th at 11am - at Hose Tower