NOTICE IS HEREBY GIVEN, that the City of Wausau will hold an organizational Joint Review Board (JRB) meeting on June 11, 2015 at 8:00 a.m. at the City of Wausau City Hall, located at 407 Grant Street, Wausau WI. The purpose of this meeting is to organize the Joint Review Board for purposes of considering the proposed Project Plan Amendment Number #4 for TID No. 5. The meeting is open to the public.
NOTICE IS HEREBY GIVEN, that the Plan Commission, of the City of Wausau, will hold a public hearing on June 16, 2015 at 5:00 p.m., at the City of Wausau City Hall, 407 Grant Street, Wausau WI regarding the proposed Project Plan Amendment #4 for Tax Incremental District No. 5 in the City.
City of Wausau Tax Incremental District No. 5 is generally located in the City of Wausau West Business Campus, incorporating 190 acres, including the properties surrounding International Drive, located within the city's limits.
TID No. 5 is classified as an industrial district based on the identification and classification of the property included within the District.
The purpose of the amendment is to increase project costs by $6,900,000. The City expects to enter into a Development Agreement and provide a cash grant/forgivable loan of $6,500,000 to Wausau Chemical for the purpose of relocating its operations from their downtown riverfront location to the Wausau Business Campus, assist with the construction of a new chemical facility, offset the project financing gap and the extra costs associated with environmental and safety regulations. In addition, the plan provides the City's project financing related costs of $400,000.
At the public hearing, all persons will be afforded a reasonable opportunity to be heard concerning the proposed Project Plan. A copy of the TID No. 5 Project Plan Amendment #4 is available for inspection will be provided upon request and may be found on the City of Wausau’s web site. Arrangements for either inspection or receipt of a copy of the Project Plan may be made by contacting the City Clerk, 407 Grant Street, Wausau WI 54403; Phone (715) 261-6620.