Number
231938
Version
ORIGINAL
Reference
190787
Sponsor
ALD DIMITRIJEVIC
Title
Resolution approving Amendment No. 1 to the Project Plan for Tax Incremental District No. 100, Zillman Park, and authorizing additional expenditures, in the 14th Aldermanic District.
Analysis
This resolution approves Amendment No. 1 to TID 100, Zillman Park, and authorizes the expenditure of $1,500,000 for public infrastructure improvement.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) adopted File No. 190787, on September 24, 2019 which approved a Project Plan (“Plan”) and created Tax Incremental District No. 100, Zillman Park (“TID No. 100” or “District”); and
Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, on April 18, 2024, the Redevelopment Authority of the City of Milwaukee (“Authority”) conducted a public hearing on Amendment No. 1 to the Project Plan for the District (“Amendment”), approved such Amendment by resolution and submitted such 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”); and
Whereas, The Amendment will fund infrastructure improvements within one half-mile of the District’s boundaries and the administration of the District; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that it finds and determines as follows:
1. The Amendment retains the existing boundaries of the District and does not alter the number of properties within the District. Therefore, the findings made in File No. 190787, pursuant to Section 66.1105(4)(gm)l and 4, Wisconsin Statutes, are unchanged.
2. The Amendment revises the projec...
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