Number
160288
Version
ORIGINAL
Reference
000165, 150913
Sponsor
ALD. BAUMAN
Title
Resolution approving Amendment No. 2 to the Project Plan and authorizing expenditures for Tax Incremental District No. 39 (City Center Hilton), in the 4th Aldermanic District.
Analysis
Tax Incremental District No. 39 was created in 2000 for the purpose of providing financial assistance for the construction of an 850-space parking structure and for streetscaping improvements adjacent to the structure, associated with the City Center Hilton. The District was amended in 2015 to provide $700,000 for paving within one-half mile of the District’s boundary.
Amendment No. 2 to the District revises the Project Plan to provide $4,000,000 in funding for the Milwaukee Streetcar’s 4th Street extension and preliminary engineering and planning for an extension to Bronzeville.
Body
Whereas, On September 6, 2000, the Common Council of the City of Milwaukee (“Common Council”) adopted File No. 000165, which approved a Project Plan and created Tax Incremental District No. 39 (the “District”); and
Whereas, On November 2, 2015, the Common Council adopted File No. 150913, which approved Amendment No. 1 to the District; and
Whereas, Pursuant to Section 66.1105(4)(h)(l), Wisconsin Statutes, on June 16, 2016, the Redevelopment Authority of the City of Milwaukee (“Authority”) conducted a public hearing on Amendment No. 2 to the Project Plan for the District (“Amendment”), approved the Amendment by resolution and submitted the Amendment, a copy of which is attached to this Common Council File, to the Common Council for its approval; and
Whereas, Section 66.1105(4)(g) and (h)(1), Wisconsin Statutes, provides that an amendment to a Project Plan shall be approved by the Common Council with the adoption of a resolution, which contains findings that such amendment is feasible and in conformity with the Master Plan of the City of Milwaukee (“City”); now, therefore, be it
Resolved, By the Common Counc...
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