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City looks to establish 10th TID

You could find more affordable housing options in Sturgeon Bay if plans to create a tenth tax increment district are fully realized. The Sturgeon Bay Finance/Purchasing and Building Committee will weigh in on the proposal to hire R.W. Baird for consulting services to create TID #10, which would be located near a five-acre city-owned parcel fronting South Hudson Avenue. The City of Sturgeon Bay has been working with Joe and Paul Shefchik to create a workforce housing subdivision to the tune of $1 million. The city would use money from the proposed TID and remaining funds from the American Rescue Plan Act and TID #1 to help support the project. Taking advantage of the recent development in the area, which includes a future Kwik Trip, the city hopes to establish the TID by September 30th to capture the most amount of tax increment from the area. If the new TID is approved, the committee would then discuss a development agreement with the Shefchiks to build approximately 24 homes that would range between $270,000 and $305,000.  The committee will meet in the council chambers at 4:30 p.m.

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