Business and Industrial Development Committee - Community Development Authority

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Two Rivers’ development boards will weigh possible aid for businesses and a potential property sale behind closed doors, while also reviewing Sandy Bay sales, industrial-property pricing and a request for tax-increment help for the former Malley Printing building.

The committee will hear a request for tax-increment assistance for the former Malley Printing building. The agenda does not say how much aid is sought, what the project includes or what public return would be required—details residents should expect before any commitment.

The CDA will get another Sandy Bay subdivision update covering construction, marketing and lot sales. That review comes as the board has been pressing for clearer evidence of buyer and builder interest after weak offers earlier this year.

The boards may enter closed session to discuss possible business assistance and a potential property sale, then could take action after returning to public session. The agenda does not identify the business, property, price or proposed terms.

No public comments or communications recorded for this meeting.

CDA BUSINESS
The CDA will review construction, marketing and lot sales at Sandy Bay Subdivision. It will also consider renewing the listing contract for 18th and Hawthorne, discuss who can sign for CDA-owned property, and consider Colliers Wisconsin’s engagement letter. The agenda does not provide proposed contract terms, costs or sales figures.
Proposal/background: Agenda, page 1
BIDC BUSINESS
The BIDC will hear Rick Carey’s request for tax-increment assistance tied to the former Malley Printing building. It will also discuss pricing and timing for city-owned incubator properties and review the revolving loan fund’s status. The agenda gives no dollar amount, project scope or proposed terms for the requested assistance.
Proposal/background: Agenda, page 1
FOR DISCUSSION ONLY
The committee will review its leadership structure, tipping fees for Woodland Industrial Park property, several private-project updates, the revolving loan fund manual and a BIDC/CDA vacancy. The project updates are listed for Renee’s Popcorn, Flavor Hut and Rob Wolter/Moretti Freeze Dry, but the agenda provides no progress details or proposed action.
Proposal/background: Agenda, page 1
CLOSED EXECUTIVE SESSION
The BIDC and CDA may meet privately under Wisconsin’s competitive and bargaining exception to discuss possible assistance to businesses and a potential property sale. The agenda does not identify the businesses, property, financial terms or public benefit at issue. Any action after the closed session would be scheduled for the public portion of the meeting.
Proposal/background: Agenda, page 1 Proposal/background: Agenda, page 2