Number
050709
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. HINES
Title
Substitute resolution creating Business Improvement District No. 37 (30th Street Industrial Corridor) and approving its First Year Operating Plan.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area generally including commercial properties along the 30th Street Industrial Corridor between West Glendale Avenue and West Brown Street, in the 1st, 7th and 15th Aldermanic Districts. This substitute resolution adopts a first year Operating Plan and budget for the BID, creates a District Board and authorizes special assessments totaling $150,159 on taxable properties in the BID.
Body
Whereas, The 30th Street Industrial Corridor 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 30th Street Industrial Corridor 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 acts 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. 37 (30th Street Industrial Corridor) and the associated District Board are hereby created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 37, 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 BID No. 37 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 as needed to carry out the intent and purpose of this resolution and the adopted Operating Plan for BID No. 37.
Drafter
DCD:RFM:rfm
10/05/05