Number
190787
Version
ORIGINAL
Reference
Sponsor
ALD. ZIELINSKI
Title
Resolution approving a Project Plan, authorizing expenditures and creating Tax Incremental District No. 100 (Zillman Park), in the 14th Aldermanic District.
Analysis
Tax Incremental District No. 100 consists of 5 properties totaling approximately 2.76 acres in the area bounded by South Kinnickinnic Avenue on the west, East Ward Street on the southeast, and East Bay Street on the north.
Adoption of this resolution will fulfill statutory requirements for approving a Project Plan and creating a Tax Incremental District to pay for public improvements within the boundaries of the District. This resolution authorizes the Commissioner of the Department of City Development, other public officials and the Redevelopment Authority of the City of Milwaukee to take such actions, as are necessary, to accomplish the objectives of the Project Plan and also authorizes the City Comptroller to create the necessary and appropriate accounts and subaccounts for Project Plan implementation.
Body
Whereas, Chapter 105 of the Laws of 1975 of the State of Wisconsin, with amendments from other chapters of said Laws, created Section 66.1105, Wisconsin Statutes, titled “Tax Increment Law;” and
Whereas, Section 66.1105(4) of the Tax Increment Law sets forth certain criteria that the Common Council of the City of Milwaukee (“Common Council”) and the Redevelopment Authority of the City of Milwaukee (“Authority”) must follow to create a Tax Incremental District (“TID” or “District”) and approve a Project Plan for a District; and
Whereas, Pursuant to Section 66.1105(4)(a) through (gm), Wisconsin Statutes, on August 15, 2019, the Authority conducted a public hearing on the Project Plan, designated the boundaries of the Zillman Park District and recommended that the District be created and submitted such recommendation to the Common Council for approval with a proposed Project Plan for the District (“Plan”), a ...
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