FOR IMMEDIATE RELEASE
March 4, 2015
Contact: Rep. Steineke: 608-266-2418
Rep. Steineke receives Wisconsin Builders Association “Legislator of the Year” Award
Madison . . . The Wisconsin Builders Association has selected Rep. Jim Steineke (R – Kaukauna) as their “Legislator of the Year” for his work in authoring 2013 Act 280.
Act 280 provides a developer with two financing options for public improvement projects: a performance bond or a letter of credit (which is not currently allowed). Either option will satisfy the governing body’s requirement that the sub-divider provide security to ensure that the public improvements are made within a reasonable time.
“It’s an honor to receive this award,” Rep. Steineke said. “Developers recognize the need to pay for infrastructure that is directed to a municipality, and this law doesn’t change that practice. It simply clarifies the financial expectations when working on infrastructure projects that are initially paid for by a developer and then dedicated or given to a municipality.”
Photo caption, from left to right: Jim Doering, Sen. Frank Lasee, Rep. Jim Steineke, Jon Turke, Rob Kovach, Brad Boycks.