Village of Sussex - The Community Development Authority and the Village Board tonight unanimously approved the village spending $60,000 to begin the process of purchasing 120 acres of farm land for NAI/MLG of Brookfield to develop into a commercial park.
The money will be paid to the developer in the form of a Community Development Grant. The grant funds come from real estate tax revenues generated from tax increment financing districts, according to village officials.
The money will be used to conduct engineering and environmental studies of the site and close the real estate transaction with Johnson Bank, the owner of the land located on the west edge of the village near the intersection of Hwys.164 and VV.
The $60,000 will be paid back to the village when the land acquistion is completed, according to village officials. Village trustees have until September 28 to make a final decision whether to purchase the land.
However, village officials have refused to disclose the price of the land.
The village intends to create a new tax increment financing district to pay for the purchase of the land and provide streets, sewer, water and other public utilities for the private development.
Representatives of MLG, including Chairman of the Board Michael Moody, assured village officials the project could be successful because of what he described as a pent up demand for commercial parks that include industrial sites of two to ten acres.
"Built it and they will come," said Mooney, citing the famous phrase from the baseball movie "Field of Dreams"
However, about a half dozen residents spoke in opposition to the grant proposal. They argued the village should not use public funds to purchase land for private developers.
When residents tried to question village trustees about the project, the village attorney said "it is against the law" for trustees to answer the citizen's questions during the meeting.
The development authority and the village board meetings occured less than 30 minutes apart. During the meetings there were few questions and no debate about the grant proposal that was made public late Friday afternoon.
Prior to the votes, there was more than six months of private negotiations between the village staff and the developers.
- Drug drop off Sept. 27 (0)
- Mukwonago students skype with Shark Tank cast (0)
- Lisbon seeks temporary clerk (0)
- AHS homecoming parade moved to a Sunday (0)
- Hartland plan commission approves building modifications for new restaurant (0)
- Town of Merton considers municipal garbage/recycle contract (0)
- One last canoeing trip (0)
- Bark for Life comes to Field Park on Sept. 20 (0)
- Pewaukee CC teams win at Mayville (0)
- Kettle Moraine football team goes on impressive run to defeat Waukesha South (0)
- More Lake Country Watch posts
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- All 2012
- All 2011
- All 2010
- All 2009
- All 2008
- All 2007