Number
260452
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. PÉREZ
Title
Substitute resolution creating Business Improvement District No. 57 (Lincoln Village), approving its Initial Operating Plan and authorizing expenditures, in the 8th and 12th Aldermanic Districts.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area generally following Lincoln Avenue from 5th Street to 25th Street. Also, this resolution approves an Initial Operating Plan and budget for the Business Improvement District, creates a District Board and authorizes special assessments on taxable properties in the Business Improvement District.
Body
Whereas, The Lincoln Village business district is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Business Improvement District (“BID” or “District”), as authorized by Section 66.1109, Wisconsin Statutes, provides a financing method to allow a business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting that the City establish a BID in the area; and
Whereas, An Initial Operating Plan, a copy of which is attached to this Common Council File, has been prepared that describes the proposed activities within the District and which acts in accordance with applicable Wisconsin Statutes; and
Whereas, Said Initial Operating Plan has been reviewed and adopted by the City Plan Commission following a public hearing; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that BID No. 57 (Lincoln Village) and the associated District Board are created; and, be it
Further Resolved, That the Initial Operating Plan for BID No. 57 is adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other affected departments are directed to collect and disburse BID No. 57 assessments in accordance with the Initial Operating Plan; and, be it...
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