SB252-AA2,1,6 3"66.1105 (5) (h) 1. Subject to subds. 2. and 3. and par. (i), a local legislative body
4may adopt a resolution requiring the department of revenue to redetermine the tax
5incremental base of a district that is in a decrement situation that has continued for
6at least 2 consecutive years.

SB252-AA2,1,97 2. A resolution adopted under subd. 1. may not take effect unless it is approved
8by a joint review board under sub. (4m), acting as it would if the district's project plan
9was to be amended.

SB252-AA2,1,1110 3. A local legislative body may not adopt a resolution under subd. 1. more than
11once during the life of a tax incremental district.

SB252-AA2,1,1312 4. Upon approval by a joint review board under subd. 2., the department of
13revenue shall redetermine the tax incremental base of the district under par. (a).".

SB252-AA2,2,83 66.1105 (5) (i) 1. Before a local legislative body may adopt a resolution
4described in par. (h) 1., the local legislative body must complete a financial analysis,
5as described in subd. 2, and must amend the project plan so that at least one of the
6items specified in subd. 3., 4., or 5. occurs. The starting point for determining a tax
7incremental district's remaining life, under subds. 4. and 5., is the date on which the
8joint review board acts under par. (h) 2. and approves the resolution.

SB252-AA2,2,149 2. The local legislative body shall conduct a financial analysis of the tax
10incremental district that includes, in addition to the items specified in sub. (4) (f) and
11(i) 1., the annual and total amount of tax increments to be generated over the life of
12the district, and the annual debt service costs on bonds issued by the city. If the city
13does not have the expertise to complete the requirements of this subdivision, it shall
14hire an entity which has the needed expertise to complete the financial analysis.

SB252-AA2,2,2215 3. The project plan specifies that, with regard to the total value of public
16infrastructure improvements in the district that occur after approval by the joint
17review board under par. (h) 2., at least 51 percent of the value of such improvements
18must be financed by a private developer, or other private entity, in return for the city's
19agreement to repay the developer or other entity for those costs solely through the
20payment of cash grants as described in sub. (2) (f) 2. d. To receive the cash grants,
21the developer or other private entity must enter into a development agreement with
22the city as described in sub. (2) (f) 2. d.

SB252-AA2,3,3

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14. The project plan specifies that the city expects all project costs to be paid
2within 90 percent of the tax incremental district's remaining life, based on the
3district's termination date as calculated under sub. (7) (ak) to (au).

SB252-AA2,3,94 5. The project plan specifies that expenditures may be made only within the
5first half of the tax incremental district's remaining life, based on the district's
6termination date as calculated under sub. (7) (ak) to (au), except that expenditures
7may be made after this period if the expenditures are approved by a unanimous vote
8of the joint review board. No expenditure under this subdivision may be made later
9than the time during which an expenditure may be made under sub. (6) (am).".