Number
250600
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution adopting the boundaries and Project Plan for Tax Incremental Financing District No. 128 (Compass Lofts).
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 thereto; and
Whereas, Boundaries and a Project Plan for Tax Incremental Financing District No. 128, Compass Lofts (the “District”) has been prepared and duly noticed; and
Whereas, On July 17, 2025 the Redevelopment Authority conducted the required public hearing on boundaries and Project Plan for the District; now, therefore, be it
Resolved, By the Redevelopment Authority of the City of Milwaukee that the boundaries and 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, the Project Plan and boundaries of the District 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 District and the Project Plan
Requestor
Drafter
David Misky July 18, 2025