The areas shaded in blue indicate those are are being
eyed for a new Cedarburg Business Park.
CEDARBURG — After a number of
years of postponing the project due to the downturn of the economy,
the city is looking to revisit developing a north-side business
The Cedarburg Common Council Monday approved a contract with a
municipal infrastructure firm to conduct an updated construction
cost estimate for the potential Highway 60 business park
“The intent has always been to try to diversify our tax base and
create more jobs here in the community,” Council member Jack Arnett
said about the development.
Ruekert & Mielke will conduct the estimate of how much it would cost
to build the business park; the council approved a contract with the
firm for $10,500. The request does include a wetland delineation of
$16,650, but the council agreed to revisit it.
The boundary of the location for the potential business park
includes two parcels, according to a letter from Ruekert & Mielke to
Public Works Director Tom Wiza. One parcel is adjacent to Highway
60, is approximately 59 acres and is owned by the city. The second
parcel adjacent to Washington Avenue at about 57 acres is owned by
the Baehmann Family Trust.
Arnett said since about two-thirds of the area of interest is owned
by the Baehmann family, they are responsible for paying for their
portion of the wetland delineation. Arnett proposed delaying the
wetland delineation to give the family time to look into it more.
The wetland delineation would help pin down development yield – a
project’s net operating income – which is important when
evaluating the viability of a tax incremental finance, according to
the council packet. In a tax incremental financing district, money
that would have been paid in property taxes to the city and other
taxing districts goes back to pay for the improvements in the
district “The (Baehmann) parcel is included because the potential
proposed street pattern would connect to Hilltop Drive to complete a
loop, and the additional acreage may be necessary to provide
positive cash flow for a potential tax increment district,”
according to the letter from Ruekert & Mielke to Wiza. “The next
step in this project is to determine whether a tax increment
district is a feasible approach to moving forward.”
Preliminary engineering studies were done by the city in 2006, but
the project was indefinitely postponed due to a downturn in the
economy, according to the council packet.
Arnett said part of the reason development hasn’t occurred over the
years is because the utilities weren’t onsite.
“Over the years, the city has worked with private developers to
extend utilities to serve the Highway 60 corridor and we are at a
point where it would make sense to formally update the construction
cost estimate for a potential business park development,” according
to the council packet.
“This is an opportunity that’s sitting in front of us,” said Council
member Patricia Thome.
The council agreed to postpone discussion about the wetland
delineation until the next meeting on July 29.