Slinger TID closing could aid more development

By JOE VANDELAARSCHOT - Daily News

Dec. 28, 2014

SLINGER - With the anticipated closing of one of Slinger’s Tax Incremental Districts in September, officials are analyzing what the possible next step could be in fostering more village economic development.

The TID that could close in September has been financing Slinger electric utility projects which have been or are nearly completed.

Village President Russ Brandt said earlier this year the creation of another village TID was restricted by state regulations.

“Right now we can’t create another district because we’re at our limit, but we could once this one closes,” Brandt said then.

With the looming closure of the TIDm village officials are involved in a “Visioning” process during which they will discuss and ask the public for possible village economic development ideas that could use a TID to provide financing.

At a recent meeting, Village Administrator Jessi Balcom said staff have been working with Paul Roback on a “Visioning” timeline. Roback is head of the UW-Extension’s Department of Community and Economic Development.

Roback provided the staff with a draft timeline and suggested “gathering as much information as possible about the community possibly through a Community Economic Development Preparedness Index.”

“A CEDPI is a survey of local decision makers to help the village in analyzing strengths and weaknesses before developing a plan to improve economic development opportunities in the community,” Roback said. “This will help determine if the community is prepared to do an economic development initiative.”

Balcom said she told Roback the village was “looking at a target date of September to have the data collected and have meetings with the community and the visioning process completed.”

“At that time the village would have the ability to create a new TID,” Balcom said.

“That could be a potential tool,” Balcom said. “It will be up to the Village Board to decide if they want to create another TID.”

Roback’s proposed Visioning timeline calls for a CEDPI survey to begin in December and for it to be reviewed and finalized in January. In February, the CEDPI should be sent to key stakeholders. In March, the Village Board would be scheduled to meet with Roback and stakeholders to review all of the information gathered.

In April, it’s hoped the Village Board could approve the next steps with a survey of a design be completed in May-July. In August, a visioning workshop would be held with the Village Board making a final decision.