Holden Meeks, 12, of Hartford, center, and Mahlik Davis,
11, of Hartford walk to Sumner Street near the site of a
proposed hotel Monday afternoon in Hartford.
John Ehlke/Daily News
HARTFORD — The proposal still
needs more discussion by the Joint Review
Board and final approval by the city’s
Common Council, but Monday night during a
special meeting at City Hall the city’s Plan
Commission recommended the creation of a new
tax incremental finance district — TIF No.
Some of the additional tax
revenue generated by the new district will
be used by Broan-Nutone to fund additional
building renovation, machinery, equipment
upgrades and production expansion.
“In May the company started
construction of a 140,000 square-foot
distribution center aimed at generating a
long-term logistics solution for North
America, which in turn, will free up
additional production capacity and
materially enhance site efficiencies,” said
City Planner Justin Drew. Drew said the
company already averages about 350 trucks
each day at the facility and after the
expansion and other changes are completed
that number will increase.
The TIF No. 11 includes
slightly more than 39 acres and its borders
generally run along the west line of Wacker
Drive to the south of Madison Drive to a
line northwest of West State Street and then
along a line east of Airport Drive.
Drew said the new TIF
district is needed because the development
of the proposed site for expanded
manufacturing use requires a major capital
investment beyond the financial capability
of the property owners.
“In part, this difficulty
arises because of the substantial equipment
costs necessary for Broan-NuTone to expand
their business and remain competitive,” Drew
said. “But for the existence of TIF District
No. 11 this important expansion could not
take place. The anticipated result will be a
model, high tech industrial facility
offering higher employment and a larger
property valuation than would have been
possible under any other land use.”
Drew said Broan-Nutone wanted
to receive the funds they were expected to
receive from the TIF district immediately to
fund equipment purchases and other costs.
He said Economic Development
of Washington County was able to get a loan
to provide that money.
A TIF district uses
additional property taxes generated within
its borders through increased economic
development to pay for building
infrastructure such as sewer and water,
storm water management, roads, access to
electricity and natural gas as well as other
improvements needed to spur development.
“The city envisions the
reconstruction of the Wacker Drive Bridge
over the Rubicon River and the addition of a
bike/pedestrian path along North Wacker
Drive between Highway 60 and West State
Street,” Drew said.
Two other projects that could
be completed by the city in the new district
and funded through the new district’s
revenue would also include installing new
storm sewer from State Street to the
railroad tracks at a cost of about $502,000
and replacement of a water main in the same
area at a cost of about $445,000.
“The city believes the
proposed public service projects will
increase property values of all private,
commercial, industrial and residential
property within one of mile of the new TIF
Drew said in order for the
new district’s taxing authority to take
effect on time officials involved need to
give final approval by Sept. 30. The Plan
Commission had very little discussion on the
matter before voting on their
New hotel site plan change
In other business, the Plan
Commission also approved some slight changes
in the earlier approved site plan for the
proposed Cobblestone Hotel to be built along
Highway 60 (East Sumner Street) near the
Jack Russell Memorial Library.
The approved change will
allow construction of the four-story, 60-room
hotel, closer to East Sumner Street than
earlier planned in order to create a parking
lot that is not too steep. As part of the
newly approved plan a retaining wall, about
two feet tall, will be built along the East
Sumner Street right of way.
A groundbreaking ceremony for
the new hotel and the Wissota Chop House,
which will be in the hotel, has been set for
Sept. 13 at 11 a.m.
<<EARLIER: Permit approved for expansion
<<EARLIER: Land purchase for
Hartford hotel to close this week