Tax Incremental District No. 3 (District) of the Village of Mukwonago was created under the authority of Wisconsin Statutes 66.1105 to promote industrial development in lands to the south of the interchange of Interstate Highway 43 and STH 83. These lands and the proposed development are commonly referred to as the Gateway District. Tax Incremental District No. 3 will promote orderly development in the Village by providing a cost effective means to encourage industrial development and further the goals of the Village’s Comprehensive Plan. By using a Tax Incremental District to provide a portion of the improvements necessary for the development of the Gateway District, the Village will become a partner in this development. This partnership will allow the Village to have greater input into the detailed planning for the development and will result in the provision of more open space and higher quality public improvements.

In order to attract new industry, an area must have competitively priced industrial and retail sites with utilities available. The Village of Mukwonago Water and Wastewater Utilities have available water and wastewater service capacity to accommodate new customers. However, utilities and roads have not yet been extended to the lands in the proposed district. In addition, the development of this area will require improvements to STH 83 and storm water management facilities to prevent storm water runoff from adversely affecting the quality of receiving water bodies. If a developer incurred the high costs of bringing utility and road improvements in and adjacent to the site, it is likely that the sites would not be competitively priced. The use of tax increment financing to pay for infrastructure improvements should allow for  ompetitively
priced sites, which will attract new industrial and retail development.

Please contact the Village for more details abou this TIF district.