Number
252014
Version
ORIGINAL
Reference
050592, 191679
Sponsor
ALD. BAUMAN
Title
Resolution approving Amendment No. 2 to the Project Plan and authorizing expenditures for Tax Incremental District No. 60 (Milwaukee Intermodal Passenger Station Project), in the 4th Aldermanic District.
Analysis
This Resolution approves Amendment No. 2 to the Project Plan for the Tax Incremental District No. 60 (Milwaukee Intermodal Passenger Station Project), to fund street improvements outside of the district but within one-half mile.
Body
Whereas, With the approval of each of the Redevelopment Authority of the City of Milwaukee (“RACM”), the City of Milwaukee (“City”), and the Wisconsin Statute 66.1105 Joint Review Board (“JRB”), Tax Incremental District (“TID”) No. 60 (the “Milwaukee Intermodal Passenger Station Project”) (Council Resolutions 050592 and 191679, RACM Resolutions 9749 and 10810) was created and the TID remains in existence and has not been statutorily terminated; and
Whereas, The City Department of City Development (“DCD”) staff has recommended that the Milwaukee Intermodal Passenger Station Project TID provide funding for the street improvements; and
Whereas, Section 66.1105(2)(f)1.n., Wis. Stat., permits amendments to fund projects located outside, but within one-half mile of the District’s boundary; and
Whereas, Amendment 2 to the Project Plan will fund street improvements to West St. Paul Avenue, West Michigan Street and West Canal Street; and
Whereas, On March 19 2026, per Wis. Stat. 66.1105(6)(f) and (4)(h), RACM adopted a resolution, following required notice and public hearing, approving Amendment 2, and directing its submittal to the Common Council for approval and to the JRB for approval and at which RACM hearing interested parties were afforded reasonable opportunity to express their views on the amendment; and
Whereas, Per Section 66.1105(5)(b), Wisconsin Statutes, less than 35 percent of the territory within the District will be devoted to retail business at the end of the maximum expenditure period; and
Whereas, Amendment 2 will be submitted to the JRB for approval; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Council, having reviewed Amendment 2, hereby finds and determines as follows:
1. Amendment 2 retains the existing boundaries of the District and does not alter the number of properties within the District. Therefore, the findings made in File No. 050592, pursuant to Section 66.1105(4)(gm)1 and 4, Wis. Stat., are unchanged.
2. Amendment 2 revises the project costs to be supported by the District and revises the forecast of the District’ Feasibility Analysis that is part of the Project Plan and makes related changes regarding the timing of project costs and methods of financing.
3. Project costs provided in Amendment 2 relate directly to promoting development consistent with the City’s Master Plan and with the purpose(s) for which the District was created under Section 66.1105(4)(gm)4a, Wis. Stat.
4. The percentage of the aggregate value of the equalized taxable property of the District, plus the incremental value of all other existing TID’s, does not exceed the statutory maximum 12 percent of the aggregate value of total equalized value of taxable property within the City; and, be it
Further Resolved, That Amendment 2 is approved and the Project Plan for said District, as amended, is feasible, in conformity with the Master Plan for the City and will promote the orderly development of the City; and, be it
Further Resolved, That:
1. The Milwaukee Intermodal Passenger Station Project TID Project Plan will remain feasible and in conformity with the City’s master plan after amended by Amendment 2 (Wis. Stat. 66.1105(4)(g) and (4)(h)1), and will promote orderly development of the City; and
2. The Council approves Amendment 2; and
3. The City Clerk is directed to notify the Wisconsin Department of Revenue, in such form as may be prescribed by said Department, of the approval of Amendment 2; and
4. The City Comptroller is directed to transfer up to $2,150,000 plus capitalized interest for two years, if necessary, from the Parent TID Account to the Project Account No. TD06080000 for the purpose of providing funds necessary to implement Amendment 2.
5. The City Comptroller, in conjunction with the Commissioner of DCD, is directed to perform such acts and to create such accounts and subaccounts and make appropriate transfers, upon written request by DCD, for all revenue or expenditure activity under this resolution.
6. The proper City officials can enter and execute any additional documents or instruments necessary to carry out the purposes of Amendment 2; and, be it
Further Resolved, That appropriate City staff, including the Comptroller and the Comptroller’s staff, are directed to take such further actions as are required to effectuate the intent of this resolution contemplated by Amendment 2 approved hereby.
Drafter
DCD:Lori.Lutzka:ll
03/24/26/A
Clerical Correction Made -- James R. Owczarski -- April 24, 2026