NUMB:
991571
VERS:
SUBSTITUTE 1
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution approving Contribution Agreements between the City of Milwaukee and the Boards of various Business Improvement Districts for the 2000 budget year.
ANLS:
- Analysis -
This substitute resolution approves Contribution Agreements between the City of Milwaukee and the Boards of Business Improvement Districts No. 2, No. 4, No. 5, No. 8, No. 10 and No. 21. The Common Council of the City of Milwaukee has approved the 2000 Operating Plans for the Boards and the 2000 City budget, which authorizes contributions from the City to the Boards. These Contribution Agreements enable the City to make the contributions and commits the Boards to expending the funds solely for purposes authorized under their year 2000 Operating Plans.
BODY:
Whereas, Pursuant to Section 66.608, Wisconsin Statutes, the City of Milwaukee ("City") created Business Improvement Districts ("BIDs") No. 2 (Historic Third Ward), No. 4 (Greater Mitchell Street), No. 5 (Westown), No. 8 (Historic King Drive), No. 10 (Avenues West) and No. 21 (Downtown Management District) and adopted their initial Operating Plans; and
Whereas, Acting pursuant to Section 66.608(3)(b), Wisconsin Statutes, the Business Improvement District Boards ("Boards") and the City have thereafter considered and approved annual changes to the Operating Plans; and
Whereas, The Operating Plans as changed for 2000 ("2000 Operating Plans") provides for contributions from the City to the Boards to fund, in part, the activities authorized under the 2000 Operating Plans; and
Whereas, The City, by the adoption of its 2000 budget, has authorized the expenditure of $129,000 to fund, in part, the activities authorized under the 2000 Operating Plans; and
Whereas, The City's contributions are made pursuant to Section 66.608(4), Wisconsin Statutes, which authorizes the City to make "appropriations for the benefit of the business improvement district"; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the proper City officials are authorized and directed to execute Contribution Agreements with the Boards of the respective BIDs for the following amounts:
1. No. 2 (Historic Third Ward), $18,000
2. No. 4 (Greater Mitchell Street), $25,000
3. No. 5 (Westown), $18,000
4. No. 8 (Historic King Drive), $21,000
5. No. 10 (Avenues West), $12,000
6. No. 21 (Downtown Management District), $35,000
; and, be it
Further Resolved, The Contribution Agreements shall be in a standard format, a copy of which is attached to this Common Council File.
ZDPT:
DFTR:
DCD/BOC/boc
01/27/00