Observers at a Common Council Meeting at Sheboygan City Hall. WHBL Staff Photo
Approval to create a Tax Incremental District in order to construct downtown apartments on a vacant lot came on a 9-1 vote during Monday’s meeting of the Sheboygan Common Council.
The subject took the majority of time spent during the meeting, from the public input session at the start, to extensive examination before any votes were taken. The agreement with Harbor View Lofts, LLC would set the stage for construction of a five-story, 126-unit apartment complex on the former Wells Fargo location at 6th and Wisconsin Avenue. The City will now issue $4,460,400 as a Municipal Revenue Obligation to Harbor View to fund construction, and the bond is non-transferable without Council approval. The only dissenting vote came from Alder Grawein. A second TID agreement for Harbor View to also construct a three-story, ten-unit townhome with affordable rental rates on a portion of that site then passed without discussion.
Resolutions to take possession of the North Lighthouse and reconstruct South Business Drive were routinely passed with other resolutions.
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