City of Milwaukee - File #: 231137

• File #: 231137
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/21/2023
• In control: COMMON COUNCIL
• Final action: 12/12/2023
• Title: Substitute resolution approving Amendment No. 4 to the Project Plan for Tax Incremental District No. 68, Fifth Ward-First Place, in the 4th and 12th Aldermanic District.
• Sponsors: ALD. PEREZ, ALD. BAUMAN
• Indexes: TAX INCREMENTAL DISTRICTS

Date	Ver.	Action By	Action	Result	Tally
12/13/2023	1	MAYOR	SIGNED
12/12/2023	1	COMMON COUNCIL	ADOPTED	Pass	15:0
12/5/2023	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Alyssa Remington, Dept. of City Development Ms. Remington gave a presentation. Ald. Bauman was in support.	Pass	3:0
11/29/2023	1	CITY CLERK	DRAFT SUBMITTED
11/21/2023	0	COMMON COUNCIL	ASSIGNED TO

Number
231137
Version
SUBSTITUTE 1
Reference
060895, 080541, 160416, 191901
Sponsor
ALD. PEREZ AND BAUMAN
Title
Substitute resolution approving Amendment No. 4 to the Project Plan for Tax Incremental District No. 68, Fifth Ward-First Place, in the 4th and 12th Aldermanic District.
Analysis
This substitute resolution approves Amendment No. 4 to TID No. 68, Fifth Ward - First Place, and authorizes the expenditure of $4,225,000 in additional project funding for public infrastructure and riverwalk improvements.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) adopted File No. 060895, on December 12, 2006 which approved a Project Plan and created Tax Incremental District No. 68, Fifth Ward - First Place (“TID No. 68” or “District”); and

Whereas, The Common Council adopted File No. 080541 on September 16, 2008, which approved Amendment No. 1 to the Project Plan for the District; and

Whereas, The Common Council adopted File No. 160416 on July 26, 2016, which approved Amendment No. 2 to the Project Plan for the District; and

Whereas, The Common Council adopted File No. 191901 on April 14, 2020, which approved Amendment No. 3 to the Project Plan for the District; and

Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, on November 16, 2023, the Redevelopment Authority of the City of Milwaukee (“Authority”) conducted a public hearing on Amendment No. 4 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 an...