Number
260295
Version
ORIGINAL
Reference
081070, 140728
Sponsor
ALD. PRATT AND JACKSON
Title
Resolution approving Amendment No. 2 to the Project Plan and authorizing expenditures for Tax Incremental District No. 72 (Bishops Creek), in the 1st and 7th Aldermanic Districts.
Analysis
This Resolution approves Amendment No. 2 to the Project Plan for the Tax Incremental District No. 72 (Bishops Creek), to fund street improvements for traffic calming measures, upgraded street lighting circuits and new playground equipment in and outside of the district but within one-half mile, as further described in Amendment 2 to the Project Plan attached to this Common Council file.
Body
Whereas, Pursuant to Section 66.1105, Wis. Stat., entitled the “Tax Increment Law,” and with the approval of the Redevelopment Authority of the City of Milwaukee (“RACM”), the City of Milwaukee (“City”), and the Joint Review Board (“JRB”), Tax Incremental District (“TID”) No. 72 (“TID 72” or the “District”) was created and amended by Council Resolutions 081070 and 140728 and RACM Resolutions 10046 and 10496 and TID 72 remains in existence and has not been statutorily terminated; and
Whereas, The Department of City Development (“DCD”) staff has recommended that TID 72 provide funding for public infrastructure improvements and a public amenity; and
Whereas, Section 66.1105(2)(f)1.n., Wis. Stat., permits amendments to fund project costs located outside, but within one-half mile of the District’s boundary; and
Whereas, Amendment 2 to the TID 72 Project Plan (“Amendment 2”) will fund street improvements for traffic calming measures along North Hopkins Avenue from West Courtland to West Villard Avenue and at North Teutonia and West Lincoln Creek Parkway, upgraded street lighting circuits in and within one-half mile of the District and new playground equipment east of North 35th Street near the West Basin Area; and
Whereas, On June 18, 2026, per Wis. Stat. 66.1105(4)(h)1., RACM adopted a res...
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