Business View Magazine | September 2020

320 BUSINESS VIEW MAGAZINE SEPTEMBER 2020 The city’s Tax Incremental Financing District #3 was created in 1993. In the original 1993 TIF District 3 Project Plan, the base value of the TIF District was listed as $34.1 million. At the time, projected expenses were $15.8 million, with projected new development of $44.9 million. To date, the City has spent approximately $65 million, and created over $624 million in new value. The City created Tax Incremental Financing District #5 in 2009. In that Project Plan, the estimate for projected expenses for the life of TID #5 (through the year 2031) was listed at $104 million. The estimated value to be created within the TID #5 is $678 million, on a base value of $89 million. “You build up the property values, and then, when you’re successful, you amend the TIF district and take the area that has been built up out of it and the underlying tax jurisdictions benefit,” Davis explains. “So, the districts, combined, have generated nearly a billion of new tax value and about half of that has been returned, from the success of the TIFs, back to the underlying taxing jurisdictions, including the city.” Other reasons why businesses and people choose Middleton include: one of Wisconsin’s top public schools systems, a superior collection of public amenities, the City’s devotion to maintaining its natural environment, and N15921 Schubert Road Galesville, WI 54630 608.539.4600 www.universaltruckequipment.com Follow us on social media! OUR SERVICES: Who Are We? Universal specializes in the manufacturing of premium snowplows for over 40 years. We are a locally owned company manufacturing “Universal” snowplows and wings. Along with the snowplows, we started making our own underbody scrapers in 2009 and tailgate sanders in 2020. We offer long lasting, high quality mounted snowplows, spreaders, toolboxes, and truck accessories. We offer a variety of snow moving equipment for any application from a gravel road to an interstate highway. COMPLETE TRUCK BUILDS (BARE CHASSISTO FINISHED TRUCK) FULL-SERVICE EQUIPMENT REPAIR & WARRANTY FACILITY SHOT BLASTING PRIMING & PAINTING PLASMA CUTTING PRESS BREAK RHINO LININGS