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There are several IMPORTANT items coming up as early as Tuesday, March 1st. You can quickly browse
the topic headings in bold to locate items of interest. Feel free to forward this information along to your
neighbors. With direct and effective communication we can continue to build a stronger sense of
community; assuring Franklin is a friendly and informed place to live.
Here are a few items on Tuesday’s Council agenda. For the full agenda visit: www.franklinwi.gov.
G5. (RCI related) Authorization for a Phase II Environmental Assessment for one property
where easements are needed for the Ryan Creek Interceptor serving the southwest portion of the
City. A Phase II report consists of collecting soil and/or groundwater samples to determine if
significant amounts and concentrations of contaminants exist at the property. It can be costly but
provides protection from some unknown liability that may be associated with soil or groundwater
contamination.
The Department of Commerce's Industrial Revenue Bond (IRB) Program allows all
Wisconsin cities, villages and towns to support industrial development through the sale of
bonds. The proceeds from the bond sale are loaned to businesses to finance capital
investment projects at, primarily, manufacturing facilities. Even though IRBs are
municipal bonds, they are not general obligations of the municipality. The company or
business that will use the facilities provides the interest and principal payments on the
loan. The local government is in partnership with the business, lending its name, but not
its credit, to the bond issue. The facilities and equipment are pledged as collateral for the
loan. A letter of credit or bond insurance is often required.
You should also know that previously (with much effort) the Council agreed to take Marquette Ave west to
49th and land negotiations are in process. The master plan for the city includes the extension of Marquette
to 51st but there is no funding for that portion. The Safe Routes to School program is geared more on
pedestrian safety and walking trails versus roads. NOTE: Return to item G7 for additional TIF release
usage.
Best,
Kristen
--
Kristen Wilhelm for Franklin's 3rd District
Web: www.kwilhelm.us
Email: wilhelm4district3@gmail.com.
Facebook: http://www.facebook.com/home.php#!/pages/Kristen-Wilhelm-for-Franklins-3rd-
District/170842129623795