City of Milwaukee - File #: 040639

• File #: 040639
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 9/1/2004
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 9/23/2004
• Title: Substitute resolution approving a Project Plan and creating Tax Incremental District No. 56 (Erie/Jefferson Street) on the north bank of the Milwaukee River between North Broadway and the Harbor Entrance to Lake Michigan in the 4th Aldermanic District.
• Sponsors: THE CHAIR
• Indexes: RIVERWALKS, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
9/30/2004	2	MAYOR	SIGNED
9/23/2004	1	COMMON COUNCIL	SUBSTITUTED	Pass	14:0
9/23/2004	2	COMMON COUNCIL	ADOPTED	Pass	14:0
9/21/2004	1	COMMON COUNCIL	ADOPTED	Pass	15:0
9/21/2004	1	COMMON COUNCIL	RECONSIDERED	Pass	15:0
9/21/2004	1	COMMON COUNCIL	HELD IN COUNCIL	Pass	12:3
9/17/2004	1	CITY CLERK	DRAFT SUBMITTED
9/15/2004	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	AMENDED; Minutes note: Speakers: Mike Wisniewski, Dept. of City Development Dimitri Jordan, Dept. of City Development Mike Daun, Comptroller's Office Bob Monnat , Mendal Group Alderman Murphy moved to amend by omitting the dollars for the railroad bridge from the TID. Prevailed. Ayes: Alderman Murphy, Hamilton, Wade and Chairman D'Amato - 4. Noes: Alderman Bauman - 1.	Pass	4:1
9/15/2004	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
9/8/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/8/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/3/2004		ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
9/1/2004	0	COMMON COUNCIL	ASSIGNED TO

Number
040639
Version
SUBSTITUTE 2
Reference

Sponsor
THE CHAIR
Title
Substitute resolution approving a Project Plan and creating Tax Incremental District No. 56 (Erie/Jefferson Street) on the north bank of the Milwaukee River between North Broadway and the Harbor Entrance to Lake Michigan in the 4th Aldermanic District.
Analysis
Adoption of this substitute resolution will fulfill statutory requirements for approving a Project Plan and creating a Tax Incremental District to assist in the financing of public improvements, riverwalks, the restoration and adaptive reuse of certain existing buildings and potential new development in that section of the Historic Third Ward Area bounded by North Broadway, the Milwaukee River, East Erie Street and the Harbor Entrance. This substitute 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 subaccounts for 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 (“Redevelopment Authority”) must follow to create a Tax Incremental District (“District” or “TID”) and approve a Project Plan for the District; and

Whereas, Pursuant to Section 66.1105(4)(a) through (gm), Wisconsin Statutes, the Redevelopment Authority conducted a public hearing on the Project Plan for the Erie/Jefferson Street TID, designated the boundaries of the District, recommended that the District be c...