Number
231523
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving Amendment No. 6 to the Project Plan for Tax Incremental Financing District No. 48 (Park East), in the 3rd, 4th and 6th Aldermanic Districts, to allow donations to Tax Incremental Financing District No. 74 (North 35th Street and West Capitol Drive), in the 7th Aldermanic District, and authorizing additional public infrastructure expenditures within the one-half mile radius of the District 48 boundaries.
Analysis
Body
Whereas, On March 5, 2002, the Common Council of the City of Milwaukee adopted File No. 011182, which approved a Project Plan and created Tax Incremental District No. 48 (Park East) (the “TID 48”) (RACM Resolution No. 9347) to fund public infrastructure to encourage redevelopment of the former Park East Freeway Corridor; and
Whereas, On May 3, 2005, the Common Council adopted File No. 041514 (RACM Resolution No. 9708), which approved Amendment No. 1 to the TID 48 Project Plan; and
Whereas, On July 26, 2011, the Common Council adopted File No. 101297 (RACM Resolution No. 10295), which approved Amendment No. 2 to the TID 48 Project Plan; and
Whereas, On March 1, 2016, the Common Council adopted File No. 151547 (RACM Resolution No. 10604), which approved Amendment No. 3 to the TID 48 Project Plan; and
Whereas, On July 26, 2016, the Common Council adopted File No. 160418 (RACM Resolution No. 10621), which approved Amendment No. 4 to the TID 48 Project Plan; and
Whereas, On April 18, 2013, the Common Council adopted File No. 1221817 (RACM Resolution No. 10953), which approved Amendment No. 5 to the TID 48 Project Plan; and
Whereas, On September 1, 2009, the Common Council adopted File No. 090325 (RACM Resolution No. 10105), which approved a Project Plan and created Tax Incremental District No. 74 (North 35th Street and West Capitol Drive) (the “TID 74”) to assist in the redevelopment of the former Tower Automotive Site; and
Whereas, On July 22, 2...
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