Number
250213
Version
ORIGINAL
Reference
Sponsor
ALD. PÉREZ
Title
Resolution approving Amendment No. 5 to the Project Plan for Tax Incremental District No. 68 (Fifth Ward-First Place), and authorizing additional expenditures, and approving a development agreement in the 4th and 12th Aldermanic Districts.
Analysis
This resolution approves Amendment No. 5 to Tax Incremental District No. 68 (Fifth Ward-First Place), and authorizes the expenditure of $12,000,000 for public infrastructure improvements, Riverwalk improvements, commercial property renovations and TID administration.
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 (“Plan”) and created Tax Incremental District No. 68 (“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, The Common Council adopted File No. 231137 on December 12, 2023, which approved Amendment No. 4 to the Project Plan for the District; and
Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, on March 19, 2026, the Redevelopment Authority of the City of Milwaukee (“Authority”) conducted a public hearing on Amendment No. 5 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 t...
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