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League of Wisconsin Municipalities
f
vision to reality
2018 Annual Conference
“G t 101 P bli F di“Grants 101: Public Funding
Basics, Trends &
Successful Strategies”
K t R M hKurt R. Muchow
Community Development Consultant
Session Agendag
• Municipal Budget Cycle vs. Public FundingMunicipal Budget Cycle vs. Public Funding
• Capital Improvements Planning• Capital Improvements Planning
• Public Funding Opportunities• Public Funding Opportunities
• Trends in Public Funding• Trends in Public Funding
E l P j t• Example Projects
• Planning & Civil Engineering Firm
• Office Locations:
- Reedsburg
- Madison
- Milwaukee Metro
- Prairie du Chien
• Vierbicher Website
www vierbicher comwww.vierbicher.com
Typical Municipal Budget/Project Cycleyp p g j y
2018 2019
J J A S O N D J F M A M J J A S O N D
BudgetBudget
Planning
Budget Review
& Adoption Project Implementation
Fi i• Financing
• Design / Bidding
P j t I l t tiProject Implementation
• Construction
Municipal Project Cycle vs. Public Fundingp j y g
2018 2019 2020
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
C
C
C
C
C
C
W
W
W
W
W
W
W
W
W
W
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W
W
W
W
W
W
W
W
W
CDBGPFGran
CDBGPFAwar
CDBGPFAppli
CDBGPFAppli
CDBGPFGran
CDBGPFAppli
WDNRSteward
WDNRSteward
WDNRSteward
WDNRSteward
WDNRSteward
WDNRSteward
WDOTTAPApp
WDOTTAPAwa
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDNRCWF&S
WDOTSTPApp
WDOTSTPAwa
WDOTSTPApp
tAward(Con
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tAward(Con
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dshipApplicat
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dshipAward(C
plication(Bi-A
ard(Construc
SDWLAward(
SDWL(ITA&P
SDWLITA&PE
SDWLFinalAp
SDWLAward(
SDWLITA&PE
SDWLFinalAp
SDWLFinalAp
SDWLAward(
plication(Bi-An
ard(Construct
plication(Bi-An
nstruction2020
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Capital Improvements Planningg
“Capital Improvements Planning Greatly
E h C iti Abilit tEnhances a Communities Ability to
Consistently Access Public Funding
P ”Programs”
Capital Improvements Planningg
What is a
Capital Expenditure?
“Capital items should
have a useful life of at
l t 3 dleast 3 years and a
cost of $5,000 or
more ”more.
Capital Improvements Planningg
Advantages of a CIP:
• Identify Goals & Policies
• Identify Needs & Financial Capability
• Build Consensus & Improves Awareness
• Enhances Coordination & Cooperation
• Improves use of Available Resources
• Ensures Financial Stability
• Greatly Enhances the Ability to Access
Public Funding Programs
Capital Improvements Planningg
General Suggestions:
• Include all DepartmentsInclude all Departments
(Public works, water, wastewater, police, fire, parks, library, etc.)
• Create a CIP Committee
(Dept. heads, Clerk, Treasurer, Board/Council members)
• Consistent with Community Plans
(Comprehensive Plan, Economic Development Plan, etc.)
• Understand Outside Influences
(State or Regional Projects New Regulations Private Development Etc )(State or Regional Projects, New Regulations, Private Development, Etc.)
• Include Your Professional Advisors
(Financial advisor, engineer, planner, etc.)( , g , p , )
• Update the CIP Annually
Capital Improvements Planningg
Components of a CIP:
“It’s more than a list”It s more than a list
• Estimate Financial Capacity
Administrati e & Polic G idelines• Administrative & Policy Guidelines
• Identify Projects & Equipment
D t i J tifi ti & P i it• Determine Justification & Priority
• Estimate Costs
• Prepare Implementation Schedule
• Identify Sources of Project Funding
Public Funding Opportunitiesub c u d g Oppo u es
&
Funding TrendsFunding Trends
Public Funding Opportunitiesg
• What is Public Purpose?
– Economic Development
– Health & Safety
– Blight Elimination & Urban Renewal
– Low-Income & Poverty
– Affordable Housing
– Environmental Protection
– Park & Recreation
Golden Rule!Golden Rule!
Public Funding Opportunitiesg
Municipal Infrastructure
• WDNR Safe Drinking Water
• WDNR Clean Water FundWDNR Clean Water Fund
• Rural Dev. Rural Utilities
• Rural Dev Comm FacRural Dev. Comm. Fac.
• WDOT Local Programs
• CDBG PF & PF ED• CDBG PF & PF-ED
• WDOT Tran. Econ Assist.
• Tax Incremental Financing• Tax Incremental Financing
Public Funding Opportunitiesg
Parks, Trails & Water Recreation
• WDNR Stewardship
• WDNR Rec. BoatingWDNR Rec. Boating
• Federal Rec. Trails
• County Park GrantsCounty Park Grants
• DOT Alternatives
(MAP21)(MAP21)
• Tax Incremental
Financingg
Public Funding Opportunitiesg
Water Resources & Flood Mitigation
• WDNR Urban Non-Point
• WDNR Lake Plng & Protectiong
• WDNR River Plng & Protection
• WDNR Municipal Flood Controlp C
• FEMA Hazard Mitigation
• CDBG PF, PF-ED & EAPCDBG PF, PF ED & EAP
• WDOT Trans Econ Assist.
• Tax Incremental Financing• Tax Incremental Financing
Public Funding Opportunities
Economic Development
• Tax Incremental Financing
CDBG Planning• CDBG Planning
• CDBG ED & PF-ED
WDOT T E A i t• WDOT Tran. Econ Assist.
• WEDC Programs
• Brownfield Programs
• Econ. Dev. Admin
• Rural Development
Trends in Public Funding
Community Development Block Grant (CDBG)
CDBG Public Facilities
• Annual Application Deadline: May 24, 2019
• Grant Awards: Last Week in July• Grant Awards: Last Week in July
• Maximum Grant: $500,000, or 50% of Eligible
• National Objectives• National Objectives
- Low-to-Moderate Income (Over 51%)
- Blight Elimination
- Local Urgent Need
• Eligible Projects:
- Infrastructure Reconstruction
- Community Centers, Senior Centers,
Fire Stations LibrariesFire Stations, Libraries
- Downtown Redevelopment
CDBG Public Facilities for Econ. Dev.
• Application Deadline: Continuous
• Maximum Grant: $500,000, or 50% of Eligible
• Eligible Projects:g j
- Infrastructure Improvements to Serve Econ. Dev.
- Redevelopment: Acquisition, Demolition, Remediation
• National Objectives
- Low-to-Moderate Income Job CreationLow to Moderate Income Job Creation
- Over 51% of Jobs
Must be Filled by LMI Persons
CBDG CLOSE Programg
• CDBG ED Local Revolving Loan Funds
• Over $100 Million Across State
• +/- 60% is Cash in Banks/ 60% is Cash in Banks
• HUD Requiring Funds be Recycled
• Communities Must Repay Funds to DOA• Communities Must Repay Funds to DOA
• Communities Apply to Get Funds Back
C b d f Eli ibl CDBG P j t• Can be used for Eligible CDBG Projects
• CDBG CLOSE Funds may be Defederalized
Trends in Public Fundingg
U.S.D.A. Rural Development
USDA Rural Development
• Water & Waste Disposal Program
- Eligible Communities:g b e Co u es:
*Less Than 10,000 population
- Eligible Projects:Eligible Projects:
* Drinking Water Systems
* Wastewater Systemsy
* Storm Sewer Systems
* Solid Waste Systems
- Funding:
* Loans: 40 Year Term; Interest Rate = 2.25%
* Grants: 0% to 45% Based on MHI & Rates
: Normal Grant = 15% to 30%
USDA Rural Development
• Community Facilities
- Eligible Communities: Less Than 20 000 PopulationEligible Communities: Less Than 20,000 Population
- Eligible Projects:
* Municipal Buildings
* Fire Stations
* Police Stations
* Health Care FacilitiesHealth Care Facilities
• Fundingg
- Loans: 40 Year Term; Interest rate = 2.25%
- Grants: Limited Allocation
- Loan Guarantees
Trends in Public Fundingg
WDNR Clean Water Fund & Safe Drinking Water
WDNR Clean Water Fund
• Application Cycle
ITA & PERF Deadline: October 31st- ITA & PERF Deadline: October 31st
- Hardship Applications Deadline: June 30th
- Principal Forgiveness Application Deadline: September 30th
• Eligible Projects
- Municipal Wastewater Infrastructure
- Stormwater Quality Projects
• Loan Terms
- 20 Years Amortization
- Interest Rate: 2.38% to 3.4%
H d hi & P i i l F i• Hardship & Principal Forgiveness
WDNR Safe Drinking Water Loang
• Application Cycle
- ITA & PERF Deadline: October 31st
- Principal Forgiveness Application Deadline: June 30th
• Eligible Projects
- Municipal Drinking Water Infrastructurep g
• Loan Terms
20 Years Amortization- 20 Years Amortization
- Interest Rate: 1.122% to 1.87%
• Principal ForgivenessPrincipal Forgiveness
Trends in Public Fundingg
Park & Recreation Programs
Park & Recreation Grant Programsg
• Funding Programs
- WDNR Knowles-Nelson Stewardship (Max. = $250,000)p ( $ )
- WDNR Recreational Boating Facilities (Max. = $500,000)
- Federal Land & Water Conservation Fund (Max. = $250,000)
Recreational Trails (Max = $45 000)- Recreational Trails (Max. = $45,000)
• Local Match = 50%
• Application DeadlinesApplication Deadlines
- Annual Deadline on May 1st
- Continuous for Recreational Boating
Trends in Public Fundingg
Local Transportation Programs
Local Transportation Funding
• DOT STP Urban & Rural
- Application Deadline: July 10, 2017 (Odd Years)
Eligible Projects: Local Roads Classified as Collector or Above- Eligible Projects: Local Roads Classified as Collector or Above
- Funding: 80% Grant, 20% Local
• DOT Alternatives
- Application Deadline: Jan. 29, 2018 (Even years)
- Eligible Projects:
* Transportation Enhancementp
* Recreational Trails
* Safe-Routes to Schools
- Funding: 80% Grant, 20% Localg ,
• DOT Trans. Econ. Assistance
- Application Deadline: Continuous
- Eligible Projects: Roads & Rail For Econ. Dev.
- Funding: 50% Grant, 50% Local
Tax Incremental Financing
History of Tax Incremental Financingg
• TIF = Tax Increment Financing• TIF = Tax Increment Financing
• TID = Tax Increment District• TID = Tax Increment District
• First Authorized in1975 Wis 66 1105• First Authorized in1975, Wis. 66.1105
TIF L h b d d ti• TIF Law has been amended many times
over the years
What is TIF?
A municipal financing tool to accomplish
specific community development objectives:
t i d t i l d l t• promote industrial development
• promote mixed-use development
• eliminate blighted areas
• rehabilitate deteriorating areas
Why TIF Was Created
• Federal funding decreased for
community development programs
All iti & ill t k ith i t• Allows cities & villages to work with private
sector to stimulate economic growth
• Eliminated inequitable situation that
discouraged developmentg p
* Cities & villages bore the cost of development,
but all taxing entities shared the benefit.
Summary of TIF Districts in Wisconsin
• Currently 1,238 active TIDs in Wisconsin in
y
425 communities (June 1, 2017)
• 2,052 TIDs created since 1976
• 822 TIDs terminated since 1976
• Average life of TIDs = 16.3 years
TIF Basics
Important TIF Definitions
• Base Value: The equalized value of real and
personal property in a TID when created.
• Increment Value: The difference between the
base value and the current valuebase value and the current value.
• Tax Increment: Taxes levied by the overlying• Tax Increment: Taxes levied by the overlying
taxing jurisdictions on the value between the base
value and the current value in the TID.
Tax Incremental Financing - Basicsg
Tax Incremental Financing - Basicsg
Tax Incremental Financing - Basicsg
Types of TIDs
• Industrial Developmentp
• Mixed-Use
• Blight Elimination• Blight Elimination
• Rehabilitation / Conservation
• Environmental Remediation
• Town TIDs
Type of Tax Increment Districts
Industrial Development TID
50% f d t b it bl f d• 50% of area needs to be suitable for and
zoned for industrial development
Expenditure Period 15 Years• Expenditure Period = 15 Years
• Maximum Life = 20 years
M i Lif With E t i 23• Maximum Life With Extension = 23 years
Type of Tax Increment Districts
Mixed-Use TID
•Must have at least two land useMust have at least two land use
(Commercial/Residential/Industrial)
•No more than 35% can be newly platted residential
•TID expenditures may be made for residential if
one of the following applies:
 Density at least 3 units per acreDensity at least 3 units per acre
 Conservation subdivision
 Traditional neighborhood development
•Expenditure period = 15 Years•Expenditure period = 15 Years
•Maximum life = 20 years
•Max. life with ext. = 23 yearsMax. life with ext. 23 years
Type of Tax Increment Districts
Blight Elimination TID
• T picall Older Neighborhoods• Typically Older Neighborhoods
• 50% of Area Must be Declared Blighted
• Requires Formal Designation of BlightRequires Formal Designation of Blight
• Letter’s Must be sent to Landowners
• Expenditure Period = 22 Yearsp
• Maximum Life = 27 Years
•Maximum Life With
Extension = 30 years
Type of Tax Increment Districts
Rehabilitation/Conservation TID
C l R f d t R it li ti TID• Commonly Referred to as Revitalization TID
• At least 50% of the property must be suitable
for rehabilitation or conservationfor rehabilitation or conservation
• Letter’s Must be sent to Landowners
E dit P i d 22 Y• Expenditure Period = 22 Years
• Maximum Life = 27 Years
• Maximum Life With Extension
= 30 years
Type of Tax Increment Districts
Environmental Remediation
• Eligible Costs: Remediation, property acquisition,
demolition, asbestos removal, underground tank
removal and financingremoval and financing.
• Expenditure Period = 15 years
• Maximum Life = 23 years ( t i ll d)• Maximum Life = 23 years (no extensions allowed)
Eligible TIF Projectsg j
• Eligible TIF projects can be located within the
TID, or within one-half mile radius.
• Eligible projects must benefit TID
• Eligible projects include:g p j
- Infrastructure
- Land acquisition / demolition
- Environmental clean-up
- Site development
l t i ti- Development incentives
- Marketing & promotion
Organization & administration- Organization & administration
• Extension for Affordable Housing
E l P j tExample Projects
PDCH Street & Utility Reconstructiony
– 10,000 LF of Street & Utility Reconstruction
Downtown Enhancement– Downtown Enhancement
– Total Project Cost = $4.3 Million
• $1 5 M WDNR CWF Loan• $1.5 M WDNR CWF Loan
• $1.7 M WDNR SDWL Loan
• $660,000 WDOT Enhancement Grant$660,000 O a ce e G a
• $300,000 CDBG Grant
• $105,000 Tax Incremental Financing
• $50,000 Fundraiser
• $0 General Fund
Viroqua Street & Utility Reconstruction
14 Cit Bl k f St t Utilit R t ti- 14 City Blocks of Street & Utility Reconstruction
- Total Project Cost = $3,225,000Total Project Cost $3,225,000
- Project Funding
$1 153 978 R l D W t L• $1,153,978 Rural Dev. Water Loan
• $384,659 Rural Dev. Water Grant
• $1,140,723 Rural Dev. Sewer Loan
$326 200 TIF• $326,200 TIF
• $221,000 DOT LRIP Grant
• $0 General Fund
- All Loans Paid by TIF and
Sewer & Water UtilitiesSewer & Water Utilities.
E i ti TID
City of Prairie du Chien
2014 2015 TIF Projects Existing TIDs
with Eligible
Projects
2014-2015 TIF Projects
Project Cost
Railroad
CrossingDowntown
R it li ti
• Lessard St. Extension = $ 578,000
• 22nd St. Extension = $1,615,000
• Woodridge Acres = $1,050,000
• Prairie Mason Redev = $ 450 000 Safety
Improvements
Blackhawk Ave.
Revitalization• Prairie Mason Redev. = $ 450,000
• Godden Pit SW Basin = $ 395,000
• Northgate Business Park =$ 1,132,000
• Marq. Road S & W =$ 1,300,000
USH 18 Bypass
Blackhawk Ave.
Enhancements
Marquette Road
Reconstruction
Total = $6,600,000
Funding Source
• $502,000 DNR SDWL USH 18 Bypass$502,000 DNR SDWL
• $265,000 Sewer Bond
• $5,833,000 Surplus TIF Funds
Linden Water System
• Project Summary
– New Well
– Water Main Replacement
• Total Project Cost = $1,166,000
• Funding Summary
$– $500,000 CDBG-PF Grant
– $666,000 Revenue Bond
Edgar Business Parkg
•Project Summary
E i f E i ti B i– Expansion of Existing Business
– Village Infrastructure Extension
– New tax base = $2,297,000New tax base $2,297,000
– Creation of 11 jobs
•Total Village Cost = $668 841•Total Village Cost = $668,841
•Funding Summary
– $240 565 CDBG-PFED Grant– $240,565 CDBG-PFED Grant
– $428,276 TIF
Richland Center
Westside Drive Reconstruction
St t tilit t ti• Street & Utility Reconstruction
• 3,600 Lineal Feet
T t l P j t C t $1 860 000• Total Project Cost = $1,860,000
• Project Funding
$509 000 Rural Dev Sewer Loan– $509,000 Rural Dev. Sewer Loan
– $259,000 Rural Dev. Sewer Grant
– $500,000 CDBG Grant
– $592,000 City Loan
– 41% Grant, 59% Loan
Marathon “City Center” Project
• Downtown Redevelopment
• New Grocery Storey
• New Public Parking Lot
• Downtown Enhancements
• Total Cost $6.1M
– $340,000 CDBG-PFED Grant
– $250,000 WEDC-CDI Grant
– $935,000 TIF
– $4 575 000 Private Investment$4,575,000 Private Investment
DeForest 2016 North Business Park
P j t S• Project Summary
– Business Park Expansion
– APC – 171,000 sf BuildingAPC 171,000 sf Building
– PLC – 133,000 sf Building
– Creation of 189 jobs
• Project Scope
– Streets & Utilities
– Storm Water ManagementStorm Water Management
– Site Development
– Pedestrian / Bicycle Trail
• Infra. Cost = $3,650,000
• Funding Summary
$– WDOT-TEA Grant = $945,000
– TIF = $2,705,000
Village of Oregon
O t B d St t T ilOregon to Badger State Trail
• Project Summary
• 1.8 Mile Trail
• Funding Sources
• 2011 Dane County PARC Grant = $250,000
• Total Project Cost = $842,000 • 2014 Dane County PARC Grant = $150,000
• DNR Recreation Trail Grant = $ 45,000
• Town of Oregon & Contributions = $ 35,000
Vill TIF $120 000• Village TIF = $120,000
• Village Funds = $242,000
Questions?
K t R M hKurt R. Muchow
kmuc@vierbicher.com
608/768-4817

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Grants 101 Public Funding Basics, Trends & Successful Strategies 10 26-2018

  • 1. League of Wisconsin Municipalities f vision to reality 2018 Annual Conference “G t 101 P bli F di“Grants 101: Public Funding Basics, Trends & Successful Strategies” K t R M hKurt R. Muchow Community Development Consultant
  • 2. Session Agendag • Municipal Budget Cycle vs. Public FundingMunicipal Budget Cycle vs. Public Funding • Capital Improvements Planning• Capital Improvements Planning • Public Funding Opportunities• Public Funding Opportunities • Trends in Public Funding• Trends in Public Funding E l P j t• Example Projects
  • 3. • Planning & Civil Engineering Firm • Office Locations: - Reedsburg - Madison - Milwaukee Metro - Prairie du Chien • Vierbicher Website www vierbicher comwww.vierbicher.com
  • 4. Typical Municipal Budget/Project Cycleyp p g j y 2018 2019 J J A S O N D J F M A M J J A S O N D BudgetBudget Planning Budget Review & Adoption Project Implementation Fi i• Financing • Design / Bidding P j t I l t tiProject Implementation • Construction
  • 5. Municipal Project Cycle vs. Public Fundingp j y g 2018 2019 2020 M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D C C C C C C W W W W W W W W W W W W W W W W W W W W CDBGPFGran CDBGPFAwar CDBGPFAppli CDBGPFAppli CDBGPFGran CDBGPFAppli WDNRSteward WDNRSteward WDNRSteward WDNRSteward WDNRSteward WDNRSteward WDOTTAPApp WDOTTAPAwa WDNRCWF&S WDNRCWF&S WDNRCWF&S WDNRCWF&S WDNRCWF&S WDNRCWF&S WDNRCWF&S WDNRCWF&S WDNRCWF&S WDOTSTPApp WDOTSTPAwa WDOTSTPApp tAward(Con rd(Constructio cation cation tAward(Con cation dshipApplicat dshipAward(C dshipApplicat dshipAward(C dshipApplicat dshipAward(C plication(Bi-A ard(Construc SDWLAward( SDWL(ITA&P SDWLITA&PE SDWLFinalAp SDWLAward( SDWLITA&PE SDWLFinalAp SDWLFinalAp SDWLAward( plication(Bi-An ard(Construct plication(Bi-An nstruction2020 on2021) nstruction2019 tionDeadline Construction2 tionDeadline Construction2 tionDeadline Construction2 nnual) tion2022-2023 (Construction ERF) ERF pplication (Construction ERF pplication pplication (Construction nnual) tion2021-2023 nnual) 0) 9) 2020) 2021) 2019) 3) 2021) 2020) 2019) 3)
  • 6. Capital Improvements Planningg “Capital Improvements Planning Greatly E h C iti Abilit tEnhances a Communities Ability to Consistently Access Public Funding P ”Programs”
  • 7. Capital Improvements Planningg What is a Capital Expenditure? “Capital items should have a useful life of at l t 3 dleast 3 years and a cost of $5,000 or more ”more.
  • 8. Capital Improvements Planningg Advantages of a CIP: • Identify Goals & Policies • Identify Needs & Financial Capability • Build Consensus & Improves Awareness • Enhances Coordination & Cooperation • Improves use of Available Resources • Ensures Financial Stability • Greatly Enhances the Ability to Access Public Funding Programs
  • 9. Capital Improvements Planningg General Suggestions: • Include all DepartmentsInclude all Departments (Public works, water, wastewater, police, fire, parks, library, etc.) • Create a CIP Committee (Dept. heads, Clerk, Treasurer, Board/Council members) • Consistent with Community Plans (Comprehensive Plan, Economic Development Plan, etc.) • Understand Outside Influences (State or Regional Projects New Regulations Private Development Etc )(State or Regional Projects, New Regulations, Private Development, Etc.) • Include Your Professional Advisors (Financial advisor, engineer, planner, etc.)( , g , p , ) • Update the CIP Annually
  • 10. Capital Improvements Planningg Components of a CIP: “It’s more than a list”It s more than a list • Estimate Financial Capacity Administrati e & Polic G idelines• Administrative & Policy Guidelines • Identify Projects & Equipment D t i J tifi ti & P i it• Determine Justification & Priority • Estimate Costs • Prepare Implementation Schedule • Identify Sources of Project Funding
  • 11. Public Funding Opportunitiesub c u d g Oppo u es & Funding TrendsFunding Trends
  • 12. Public Funding Opportunitiesg • What is Public Purpose? – Economic Development – Health & Safety – Blight Elimination & Urban Renewal – Low-Income & Poverty – Affordable Housing – Environmental Protection – Park & Recreation Golden Rule!Golden Rule!
  • 13. Public Funding Opportunitiesg Municipal Infrastructure • WDNR Safe Drinking Water • WDNR Clean Water FundWDNR Clean Water Fund • Rural Dev. Rural Utilities • Rural Dev Comm FacRural Dev. Comm. Fac. • WDOT Local Programs • CDBG PF & PF ED• CDBG PF & PF-ED • WDOT Tran. Econ Assist. • Tax Incremental Financing• Tax Incremental Financing
  • 14. Public Funding Opportunitiesg Parks, Trails & Water Recreation • WDNR Stewardship • WDNR Rec. BoatingWDNR Rec. Boating • Federal Rec. Trails • County Park GrantsCounty Park Grants • DOT Alternatives (MAP21)(MAP21) • Tax Incremental Financingg
  • 15. Public Funding Opportunitiesg Water Resources & Flood Mitigation • WDNR Urban Non-Point • WDNR Lake Plng & Protectiong • WDNR River Plng & Protection • WDNR Municipal Flood Controlp C • FEMA Hazard Mitigation • CDBG PF, PF-ED & EAPCDBG PF, PF ED & EAP • WDOT Trans Econ Assist. • Tax Incremental Financing• Tax Incremental Financing
  • 16. Public Funding Opportunities Economic Development • Tax Incremental Financing CDBG Planning• CDBG Planning • CDBG ED & PF-ED WDOT T E A i t• WDOT Tran. Econ Assist. • WEDC Programs • Brownfield Programs • Econ. Dev. Admin • Rural Development
  • 17. Trends in Public Funding Community Development Block Grant (CDBG)
  • 18. CDBG Public Facilities • Annual Application Deadline: May 24, 2019 • Grant Awards: Last Week in July• Grant Awards: Last Week in July • Maximum Grant: $500,000, or 50% of Eligible • National Objectives• National Objectives - Low-to-Moderate Income (Over 51%) - Blight Elimination - Local Urgent Need • Eligible Projects: - Infrastructure Reconstruction - Community Centers, Senior Centers, Fire Stations LibrariesFire Stations, Libraries - Downtown Redevelopment
  • 19. CDBG Public Facilities for Econ. Dev. • Application Deadline: Continuous • Maximum Grant: $500,000, or 50% of Eligible • Eligible Projects:g j - Infrastructure Improvements to Serve Econ. Dev. - Redevelopment: Acquisition, Demolition, Remediation • National Objectives - Low-to-Moderate Income Job CreationLow to Moderate Income Job Creation - Over 51% of Jobs Must be Filled by LMI Persons
  • 20. CBDG CLOSE Programg • CDBG ED Local Revolving Loan Funds • Over $100 Million Across State • +/- 60% is Cash in Banks/ 60% is Cash in Banks • HUD Requiring Funds be Recycled • Communities Must Repay Funds to DOA• Communities Must Repay Funds to DOA • Communities Apply to Get Funds Back C b d f Eli ibl CDBG P j t• Can be used for Eligible CDBG Projects • CDBG CLOSE Funds may be Defederalized
  • 21. Trends in Public Fundingg U.S.D.A. Rural Development
  • 22. USDA Rural Development • Water & Waste Disposal Program - Eligible Communities:g b e Co u es: *Less Than 10,000 population - Eligible Projects:Eligible Projects: * Drinking Water Systems * Wastewater Systemsy * Storm Sewer Systems * Solid Waste Systems - Funding: * Loans: 40 Year Term; Interest Rate = 2.25% * Grants: 0% to 45% Based on MHI & Rates : Normal Grant = 15% to 30%
  • 23. USDA Rural Development • Community Facilities - Eligible Communities: Less Than 20 000 PopulationEligible Communities: Less Than 20,000 Population - Eligible Projects: * Municipal Buildings * Fire Stations * Police Stations * Health Care FacilitiesHealth Care Facilities • Fundingg - Loans: 40 Year Term; Interest rate = 2.25% - Grants: Limited Allocation - Loan Guarantees
  • 24. Trends in Public Fundingg WDNR Clean Water Fund & Safe Drinking Water
  • 25. WDNR Clean Water Fund • Application Cycle ITA & PERF Deadline: October 31st- ITA & PERF Deadline: October 31st - Hardship Applications Deadline: June 30th - Principal Forgiveness Application Deadline: September 30th • Eligible Projects - Municipal Wastewater Infrastructure - Stormwater Quality Projects • Loan Terms - 20 Years Amortization - Interest Rate: 2.38% to 3.4% H d hi & P i i l F i• Hardship & Principal Forgiveness
  • 26. WDNR Safe Drinking Water Loang • Application Cycle - ITA & PERF Deadline: October 31st - Principal Forgiveness Application Deadline: June 30th • Eligible Projects - Municipal Drinking Water Infrastructurep g • Loan Terms 20 Years Amortization- 20 Years Amortization - Interest Rate: 1.122% to 1.87% • Principal ForgivenessPrincipal Forgiveness
  • 27. Trends in Public Fundingg Park & Recreation Programs
  • 28. Park & Recreation Grant Programsg • Funding Programs - WDNR Knowles-Nelson Stewardship (Max. = $250,000)p ( $ ) - WDNR Recreational Boating Facilities (Max. = $500,000) - Federal Land & Water Conservation Fund (Max. = $250,000) Recreational Trails (Max = $45 000)- Recreational Trails (Max. = $45,000) • Local Match = 50% • Application DeadlinesApplication Deadlines - Annual Deadline on May 1st - Continuous for Recreational Boating
  • 29. Trends in Public Fundingg Local Transportation Programs
  • 30. Local Transportation Funding • DOT STP Urban & Rural - Application Deadline: July 10, 2017 (Odd Years) Eligible Projects: Local Roads Classified as Collector or Above- Eligible Projects: Local Roads Classified as Collector or Above - Funding: 80% Grant, 20% Local • DOT Alternatives - Application Deadline: Jan. 29, 2018 (Even years) - Eligible Projects: * Transportation Enhancementp * Recreational Trails * Safe-Routes to Schools - Funding: 80% Grant, 20% Localg , • DOT Trans. Econ. Assistance - Application Deadline: Continuous - Eligible Projects: Roads & Rail For Econ. Dev. - Funding: 50% Grant, 50% Local
  • 32. History of Tax Incremental Financingg • TIF = Tax Increment Financing• TIF = Tax Increment Financing • TID = Tax Increment District• TID = Tax Increment District • First Authorized in1975 Wis 66 1105• First Authorized in1975, Wis. 66.1105 TIF L h b d d ti• TIF Law has been amended many times over the years
  • 33. What is TIF? A municipal financing tool to accomplish specific community development objectives: t i d t i l d l t• promote industrial development • promote mixed-use development • eliminate blighted areas • rehabilitate deteriorating areas
  • 34. Why TIF Was Created • Federal funding decreased for community development programs All iti & ill t k ith i t• Allows cities & villages to work with private sector to stimulate economic growth • Eliminated inequitable situation that discouraged developmentg p * Cities & villages bore the cost of development, but all taxing entities shared the benefit.
  • 35. Summary of TIF Districts in Wisconsin • Currently 1,238 active TIDs in Wisconsin in y 425 communities (June 1, 2017) • 2,052 TIDs created since 1976 • 822 TIDs terminated since 1976 • Average life of TIDs = 16.3 years
  • 36. TIF Basics Important TIF Definitions • Base Value: The equalized value of real and personal property in a TID when created. • Increment Value: The difference between the base value and the current valuebase value and the current value. • Tax Increment: Taxes levied by the overlying• Tax Increment: Taxes levied by the overlying taxing jurisdictions on the value between the base value and the current value in the TID.
  • 40. Types of TIDs • Industrial Developmentp • Mixed-Use • Blight Elimination• Blight Elimination • Rehabilitation / Conservation • Environmental Remediation • Town TIDs
  • 41. Type of Tax Increment Districts Industrial Development TID 50% f d t b it bl f d• 50% of area needs to be suitable for and zoned for industrial development Expenditure Period 15 Years• Expenditure Period = 15 Years • Maximum Life = 20 years M i Lif With E t i 23• Maximum Life With Extension = 23 years
  • 42. Type of Tax Increment Districts Mixed-Use TID •Must have at least two land useMust have at least two land use (Commercial/Residential/Industrial) •No more than 35% can be newly platted residential •TID expenditures may be made for residential if one of the following applies:  Density at least 3 units per acreDensity at least 3 units per acre  Conservation subdivision  Traditional neighborhood development •Expenditure period = 15 Years•Expenditure period = 15 Years •Maximum life = 20 years •Max. life with ext. = 23 yearsMax. life with ext. 23 years
  • 43. Type of Tax Increment Districts Blight Elimination TID • T picall Older Neighborhoods• Typically Older Neighborhoods • 50% of Area Must be Declared Blighted • Requires Formal Designation of BlightRequires Formal Designation of Blight • Letter’s Must be sent to Landowners • Expenditure Period = 22 Yearsp • Maximum Life = 27 Years •Maximum Life With Extension = 30 years
  • 44. Type of Tax Increment Districts Rehabilitation/Conservation TID C l R f d t R it li ti TID• Commonly Referred to as Revitalization TID • At least 50% of the property must be suitable for rehabilitation or conservationfor rehabilitation or conservation • Letter’s Must be sent to Landowners E dit P i d 22 Y• Expenditure Period = 22 Years • Maximum Life = 27 Years • Maximum Life With Extension = 30 years
  • 45. Type of Tax Increment Districts Environmental Remediation • Eligible Costs: Remediation, property acquisition, demolition, asbestos removal, underground tank removal and financingremoval and financing. • Expenditure Period = 15 years • Maximum Life = 23 years ( t i ll d)• Maximum Life = 23 years (no extensions allowed)
  • 46. Eligible TIF Projectsg j • Eligible TIF projects can be located within the TID, or within one-half mile radius. • Eligible projects must benefit TID • Eligible projects include:g p j - Infrastructure - Land acquisition / demolition - Environmental clean-up - Site development l t i ti- Development incentives - Marketing & promotion Organization & administration- Organization & administration • Extension for Affordable Housing
  • 47. E l P j tExample Projects
  • 48. PDCH Street & Utility Reconstructiony – 10,000 LF of Street & Utility Reconstruction Downtown Enhancement– Downtown Enhancement – Total Project Cost = $4.3 Million • $1 5 M WDNR CWF Loan• $1.5 M WDNR CWF Loan • $1.7 M WDNR SDWL Loan • $660,000 WDOT Enhancement Grant$660,000 O a ce e G a • $300,000 CDBG Grant • $105,000 Tax Incremental Financing • $50,000 Fundraiser • $0 General Fund
  • 49. Viroqua Street & Utility Reconstruction 14 Cit Bl k f St t Utilit R t ti- 14 City Blocks of Street & Utility Reconstruction - Total Project Cost = $3,225,000Total Project Cost $3,225,000 - Project Funding $1 153 978 R l D W t L• $1,153,978 Rural Dev. Water Loan • $384,659 Rural Dev. Water Grant • $1,140,723 Rural Dev. Sewer Loan $326 200 TIF• $326,200 TIF • $221,000 DOT LRIP Grant • $0 General Fund - All Loans Paid by TIF and Sewer & Water UtilitiesSewer & Water Utilities.
  • 50. E i ti TID City of Prairie du Chien 2014 2015 TIF Projects Existing TIDs with Eligible Projects 2014-2015 TIF Projects Project Cost Railroad CrossingDowntown R it li ti • Lessard St. Extension = $ 578,000 • 22nd St. Extension = $1,615,000 • Woodridge Acres = $1,050,000 • Prairie Mason Redev = $ 450 000 Safety Improvements Blackhawk Ave. Revitalization• Prairie Mason Redev. = $ 450,000 • Godden Pit SW Basin = $ 395,000 • Northgate Business Park =$ 1,132,000 • Marq. Road S & W =$ 1,300,000 USH 18 Bypass Blackhawk Ave. Enhancements Marquette Road Reconstruction Total = $6,600,000 Funding Source • $502,000 DNR SDWL USH 18 Bypass$502,000 DNR SDWL • $265,000 Sewer Bond • $5,833,000 Surplus TIF Funds
  • 51. Linden Water System • Project Summary – New Well – Water Main Replacement • Total Project Cost = $1,166,000 • Funding Summary $– $500,000 CDBG-PF Grant – $666,000 Revenue Bond
  • 52. Edgar Business Parkg •Project Summary E i f E i ti B i– Expansion of Existing Business – Village Infrastructure Extension – New tax base = $2,297,000New tax base $2,297,000 – Creation of 11 jobs •Total Village Cost = $668 841•Total Village Cost = $668,841 •Funding Summary – $240 565 CDBG-PFED Grant– $240,565 CDBG-PFED Grant – $428,276 TIF
  • 53. Richland Center Westside Drive Reconstruction St t tilit t ti• Street & Utility Reconstruction • 3,600 Lineal Feet T t l P j t C t $1 860 000• Total Project Cost = $1,860,000 • Project Funding $509 000 Rural Dev Sewer Loan– $509,000 Rural Dev. Sewer Loan – $259,000 Rural Dev. Sewer Grant – $500,000 CDBG Grant – $592,000 City Loan – 41% Grant, 59% Loan
  • 54. Marathon “City Center” Project • Downtown Redevelopment • New Grocery Storey • New Public Parking Lot • Downtown Enhancements • Total Cost $6.1M – $340,000 CDBG-PFED Grant – $250,000 WEDC-CDI Grant – $935,000 TIF – $4 575 000 Private Investment$4,575,000 Private Investment
  • 55. DeForest 2016 North Business Park P j t S• Project Summary – Business Park Expansion – APC – 171,000 sf BuildingAPC 171,000 sf Building – PLC – 133,000 sf Building – Creation of 189 jobs • Project Scope – Streets & Utilities – Storm Water ManagementStorm Water Management – Site Development – Pedestrian / Bicycle Trail • Infra. Cost = $3,650,000 • Funding Summary $– WDOT-TEA Grant = $945,000 – TIF = $2,705,000
  • 56. Village of Oregon O t B d St t T ilOregon to Badger State Trail • Project Summary • 1.8 Mile Trail • Funding Sources • 2011 Dane County PARC Grant = $250,000 • Total Project Cost = $842,000 • 2014 Dane County PARC Grant = $150,000 • DNR Recreation Trail Grant = $ 45,000 • Town of Oregon & Contributions = $ 35,000 Vill TIF $120 000• Village TIF = $120,000 • Village Funds = $242,000
  • 57. Questions? K t R M hKurt R. Muchow kmuc@vierbicher.com 608/768-4817