City of Milwaukee - File #: 241879

• File #: 241879
• Version: 0
• Type: Resolution
• Status: In Council-Adoption
• File created: 4/2/2025
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Title: Resolution approving Amendment No. 2 to the Project Plan for Tax Incremental District No. 94 (1st and Becher), authorizing additional expenditures, and approving a development agreement, in the 14th Aldermanic District.
• Sponsors: ALD. PEREZ, ALD. DIMITRIJEVIC

Date	Ver.	Action By	Action	Result	Tally
4/15/2025	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Alyssa Remington, Dept. of City Development Jason Wilke, Milwaukee Public Schools	Pass	5:0
4/2/2025	0	COMMON COUNCIL	ASSIGNED TO

Number
241879
Version
ORIGINAL
Reference
180884
Sponsor
ALD. PÉREZ AND DIMITRIJEVIC
Title
Resolution approving Amendment No. 2 to the Project Plan for Tax Incremental District No. 94 (1st and Becher), authorizing additional expenditures, and approving a development agreement, in the 14th Aldermanic District.
Analysis
This resolution approves Amendment No. 2 to TID No. 94, 1st and Becher, authorizes the expenditure of $475,000 in additional project funding for public Riverwalk infrastructure.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) adopted File No. 180884, on December 18, 2018 which approved a Project Plan (“Plan”) and created Tax Incremental District No. 94, 1st and Becher (“TID No. 94” or “District”); and

Whereas, The Common Council adopted File No. 231292, on January 17, 2024 which approved Amendment 1 to the Plan for the District; and

Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, on March 20, 2025, the Redevelopment Authority of the City of Milwaukee (“Authority”) conducted a public hearing on Amendment No. 2 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 City, the Authority and Milwaukee Public School Directors dba Milwaukee Public Schools (“Owner”) will negotiate a Development Agreement (“Agreement”), which will allow the City to fund a maximum of $475,000 toward the construction of public Riverwalk infrastructure at 300 West Lincoln Avenue; and

Whereas, The Amendment will fund public R...