Number
070714
Version
SUBSTITUTE 1
Reference
921490, 040877
Sponsor
ALD. WITKOWIAK AND ZIELINSKI
Title
Substitute resolution authorizing an expenditure and approving a Public Improvement Development and Maintenance Agreement for Business Improvement District No. 35 (Kinnickinnic River), in the 12th and 14th Aldermanic Districts.
Analysis
This substitute resolution approves a streetscape improvement project proposed by Business Improvement District No. 35 for the restoration and remediation of the Kinnickinnic River between Kinnickinnic Avenue, the downstream limit, and Becher Street, the upstream limit.
Body
Whereas, On November 3, 2004, the Common Council of the City of Milwaukee (“Common Council”) created Business Improvement District No. 35 (“BID No. 35”) via File No. 040877 and approved its first year Operating Plan; and
Whereas, The first year Operating Plan for BID No. 35 called for the BID Board to enter into an agreement with the City of Milwaukee (“City”) for financing, installation and maintenance of a mutually acceptable streetscape improvement project for the Kinnickinnic River Corridor BID; and
Whereas, The 2007 Capital Budget for the City contains $250,000 in the Neighborhood Commercial District Street Improvement Fund and $250,000 in the Business Improvement District Fund; and
Whereas, The Common Council adopted File No. 921490, which established guidelines for use of the Neighborhood Commercial District Street Improvement Fund; and
Whereas, The proposed project meets those guidelines; and
Whereas, A Public Improvement Development and Maintenance Agreement Term Sheet for said restoration and remediation project, a copy of which is attached to this Common Council File, has been prepared with the participation of the BID No. 35 Board and City departments; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the proper City officials are directed to draft said Agreement, which is consistent with the terms and conditions of said Term Sheet and is mutually acceptable to the City Attorney, the Commissioner of the Department of City Development and BID No. 35; and, be it
Further Resolved, That the City Comptroller is directed to transfer $250,000 from the Neighborhood Commercial District Street Improvement Fund to Project Account No. STO4084300 and $250,000 from the Business Improvement District Fund to Project Account No. UR04184000; and, be it
Further Resolved, That the City Comptroller, in conjunction with the Commissioner of the Department of City Development, is directed to establish any and all subaccounts in accordance with accepted accounting practices and the City guidelines necessary to maintain the fiscal control to carry out the intent and purpose of this resolution; and, be it
Further Resolved, That all City officials, departments, boards and commissions are directed to assist and cooperate with said project.
Drafter
DCD:RFM:rfm
09/13/07