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File #: 241842    Version: 0
Type: Resolution Status: Passed
File created: 3/21/2025 In control: REDEVELOPMENT AUTHORITY
On agenda: 3/20/2025 Final action:
Effective date:    
Title: Resolution approving a Second Amendment to the Project Plan for Tax Incremental Financing District No. 94 (1st and Becher).
Sponsors: THE CHAIR
Attachments: 1. 032025-2 Project Plan Amendment No. 2 TID 94, 2. 032025-2 TID 94 No 2 RACM RSN Signed
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Number

241842

 

Version

ORIGINAL

 

Reference

 

Sponsor

THE CHAIR

 

Title

Resolution approving a Second Amendment to the Project Plan for Tax Incremental Financing District No. 94 (1st and Becher). 

 

Analysis

 

Body

Whereas, The Common Council of the City of Milwaukee, pursuant to Sec. 66.1105(3)(f), Wisconsin Statutes, has designated the Redevelopment Authority of the City of Milwaukee (the “Redevelopment Authority”) as the agency responsible for preparation and review of proposed tax incremental districts amendments thereto; and

 

Whereas, The Second Amendment to the Project Plan for Tax Incremental Financing District No. 94, 1st and Becher (the “District”) has been prepared and duly noticed; and

 

Whereas, The District is located within Aldermanic District 14; however, the Second Amendment includes projects that are in the 12th Aldermanic District, that are within .5 miles of the District’s boundaries in compliance with the Wisconsin Statutes.

 

Whereas, On March 20, 2025 the Redevelopment Authority conducted the required public hearing on the proposed Fourth Amendment to Project Plan for the District; now, therefore, be it

 

Resolved, By the Redevelopment Authority of the City of Milwaukee that the Second Amendment to the Project Plan for the District, a copy of which was submitted to the Journal of Proceedings, is approved and adopted; and, be it

 

Further Resolved, That the Executive Director is directed to transmit copies of this resolution and the Second Amendment to the Common Council for its approval; and, be it

 

Further Resolved, That the officers of the Redevelopment Authority are authorized to take such further action and to execute any documents and instruments necessary to implement the Second Amendment to the District.

 

 

Requestor

 

Drafter

David Misky March 21, 2025