Number
020831
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. PRATT
Title
Substitute resolution creating Business Improvement District No. 29 (Atkinson, Capitol and Teutonia) and approving its first year Operating Plan.
Analysis
This substitute resolution establishes a Business Improvement District pursuant to Wisconsin Statutes for West Atkinson Avenue between North Teutonia Avenue and North 8th Street, West Capitol Drive between 19th Street and North 27th Street, and North Teutonia Avenue between West Congress Street and West Nash Street, in the 1st, 6th, and 10th Aldermanic Districts. This substitute resolution also adopts a first year Operating Plan and budget for the BID, creates a District Board and authorizes special assessments totaling $53,653 on taxable properties in the BID.
Body
Whereas, The Atkinson Avenue, Capitol Drive and Teutonia Avenue ("ACT") business district is a vital and integral part of the City of Milwaukee ("City"); and
Whereas, A Business Improvement District ("BID") as authorized by Section 66.1109, Wisconsin Statutes, provides a financing method to allow the ACT business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting the City to establish a BID in the area; and
Whereas, An initial Operating Plan has been prepared which describes proposed activities within the District and which is in accordance 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. 29 (Atkinson, Capitol and Teutonia) and the associated District Board are created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 29, a copy of which is attached to this Common Council File, is adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other affected departments are authorized and directed to collect and disburse the BID No. 29 assessments in accordance with the Operating Plan; and, be it
Further Resolved, That all City officials, departments, boards and commissions 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. 29.
Drafter
DCD:RFM:rfm
09/27/02