Number
080615
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. BAUMAN
Title
Substitute resolution creating Neighborhood Improvement District No. 1 (Brewery) and approving its Initial Operating Plan, in the 4th Aldermanic District.
Analysis
This substitute resolution establishes a Neighborhood Improvement District, pursuant to Wisconsin Statutes, for the area generally bounded by West Highland Avenue to the south, West Winnebago Street to the north, North 8th Street to the east and Interstate 43 to the west. This resolution also approves an Initial Operating Plan and budget for the NID, creates a District Board and authorizes special assessments totaling $29,192 on taxable properties in the NID.
Body
Whereas, The Brewery neighborhood district is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Neighborhood Improvement District (“NID”), as authorized by Section 66.1110, Wisconsin Statutes, provides a financing method to allow the Brewery neighborhood district to become self-sustaining; and
Whereas, Several property owners in the proposed NID have submitted petitions requesting the City to establish a NID in the area; and
Whereas, An Initial Operating Plan has been prepared, a copy of which is attached to this Common Council File, which describes proposed activities within the district and acts in accordance with applicable Wisconsin Statutes; and
Whereas, Said Initial Operating Plan has been reviewed and approved by the City Plan Commission following a public hearing; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that Neighborhood Improvement District No. 1 (Brewery) and the associated District Board are created; and, be it
Further Resolved, That the Initial Operating Plan for NID No. 1 is approved; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other affected departments are directed to collect and disburse NID No. 1 assessments in accordance with the Initial Ope...
Click here for full text