Home Page: Economic Development

Community Type                                 City
Industrial Park Address                       County Highway N
Total Acres in Park                              31
Available Acres in Park                       17
Minimum Parcel Size (acres)                .56
Maximum Parcel Size (acres)             2.41
Zoning Code     Industrial
         
Adjacent Land Use       
Land Use (north)                                 Agricultural
Land Use (south)                                Agricultural
Land Use (east)                                  Agricultural
Land Use (west)                                 Agricultural
         
Park Features       
Adjacent Acres Available                   Yes
Protective Covenants                         No
Fire Insurance Rating                          5
Soil Borings                                        No
Flood Plain                                         No
Topography                                        Level
Foreign Trade Zone                           No
Development Zone                            No
Paved Street in Park                         Yes
Curb and Gutter in Park                    Yes
         
Transportation       
Nearest Commercial Airport              Central Wisconsin-Mosinee
Distance to Commercial Airport        38 miles
Nearest Local Airport                        Taylor County-Medford
Distance to Local Airport                  16 miles
Longest Local Aiport Runway           4,100 asphalt
Nearest Major Highway                    South 13
Distance to Nearest Major Highway  .5 miles
Number of Lanes                              2
Rail Service                                      Wisconsin Central Limited
Spur                                                  No
         
Utilities       
Electricity                                          Xcel Energy
Water                                                Municipal
Gas                                                   WE Energies
Sanitary Sewer                                 Yes
Storm Sewer                                    Yes
Fiber Optics Service                         No
Digital Switching                               No
Purchase Cost (per acre)                 Negotiable
Ownership                                        City
Realtor Listing                                  No
Last Update                                      May 2004
         
Contact     
James Schmidt, Mayor
P.O. Box 236 City, Colby, WI 54421
Tel: 715-223-4435; Fax 715-223-8835
Email: colbych@charter.net
       
City Industrial Lot Proposal - TIF Incentive   

 

The City of Colby has a number of lots available in the City’s Industrial Park.  Attached is a map of the lots available, a map showing the location of the industrial park in relation to State Hwy 13 and State Hwy 29 and a statistic sheet for the Colby Industrial Park.  The industrial park is also located in a Tax Increment District and the city is able to offer cash TIF Incentives for construction in the park.  Below is an example of the incentive available per $500,000 worth of valuation.  Please contact me at (715) 223-4435 with any questions.  The city’s website is ci.colby.wi.us.

TIF Incentive Example of $500,000 valuation

TIF Incentives are based on an anticipated five year tax payback.

$500,000 valuation multiplied by the current tax rate of $21.28 per thousand is $10,640.00 in taxes per year.  This annual amount multiplied by a five year pay back would allow for an estimate TIF Incentive of $53,200.00.  This money comes from the city of Colby’s TIF money and can be used toward the construction of the facility/utilities/grounds improvements.