NUMB:
970779
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution creating Business Improvement District No. 20 (East North Avenue) and approving its first year Operating Plan. (Department of City Development)
ANLS:
- Analysis -
This resolution establishes a Business Improvement District ("BID"), pursuant to Wisconsin Statutes, for the East North Avenue/"Five Points" business area in the 3rd Aldermanic District. The BID includes commercial properties in the area generally bounded by the Milwaukee River, East Greenwich Avenue (extended), North Summit Avenue, North Maryland Avenue, and East Windsor Place (extended). This resolution adopts a first year Operating Plan and budget for the BID, creates a District Board, and authorizes special assessments totaling $120,532 on taxable properties in the BID.
BODY:
Whereas, The "Five Points" area on East North Avenue is a vital and integral part of the City of Milwaukee ("City"); and
Whereas, A Business Improvement District ("BID") as authorized by Section 66.608, Wisconsin Statutes, provides a financing mechanism to allow the East North Avenue business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting the City to establish a Business Improvement District in the area; and
Whereas, An initial Operating Plan has been prepared which describes proposed activities within the District and which complies in all respects with applicable Wisconsin Statutes; and
Whereas, Said Operating Plan has been reviewed and adopted by the City Plan Commission following a public hearing; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that Business Improvement District No. 20 (East North Avenue) and the associated District Board are hereby created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 20, a copy of which is attached to this Common Council File, is hereby adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller, and other affected departments are hereby authorized and directed to collect and disburse the BID No. 20 assessments in accordance with the Operating Plan; and, be it
Further Resolved, That all City officials, departments, boards and commissions be and hereby are authorized and directed to take all actions and provide such assistance needed to carry out the intent and purpose of this resolution and the adopted Operating Plan for BID No. 20.
ZDPT:
DFTR:
DCD/BOC/boc
09/02/97