City of Milwaukee - File #: 021792

• File #: 021792
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 3/25/2003
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 4/15/2003
• Title: Substitute resolution relating to the creation of a tax incremental district to assist Aldrich Chemical to relocate within the City of Milwaukee.
• Sponsors: ALD. PRATT, ALD. RICHARDS, ALD. HENNINGSEN, ALD. BOHL, ALD. JOHNSON-ODOM, ALD. BREIER, Fredrick Gordon
• Indexes: PLANNING, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
4/16/2003	2	MAYOR	SIGNED
4/15/2003	2	CITY CLERK	Sponsor added; Minutes note: Ald. Gordon requested to be added as a sponsor.
4/15/2003	2	CITY CLERK	Sponsor added; Minutes note: Ald. Breier requested to be added as a sponsor.
4/15/2003	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
4/15/2003	2	COMMON COUNCIL	ADOPTED; Minutes note: Ald. Gordon requested to be added as sponsor.	Pass	16:0
4/14/2003	2	CITY CLERK	Sponsor added; Minutes note: Ald. Johnson-Odom requested to be added as a sponsor.
4/11/2003	2	CITY CLERK	Sponsor added; Minutes note: Ald. Henningsen, Richards, Bohl requested to be added as sponsors.
4/10/2003	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/10/2003	2	CITY CLERK	DRAFT SUBMITTED
4/8/2003	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Speakers: Attorney Ben Abrams, Ald. Richards, Ald. Henningsen, Greg Shelko-DCD, Pat Walsh-DCD, Mike Daun, Asst. City Attorney Tom Gardner Ald. Breier moved to make letter from Ms. Penman as part of record. Prevailed. 4-0. Note: Give copy of letter to Ald. Breier.	Pass	4:0
4/7/2003	1	CITY CLERK	DRAFT SUBMITTED
4/7/2003		ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
3/26/2003		ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
3/25/2003	0	COMMON COUNCIL	ASSIGNED TO

Number
021792
Version
SUBSTITUTE 2
Reference

Sponsor
ALD. PRATT, RICHARDS, HENNINGSEN, BOHL, JOHNSON-ODOM, BREIER AND GORDON
Title
Substitute resolution relating to the creation of a tax incremental district to assist Aldrich Chemical to relocate within the City of Milwaukee.
Analysis
This substitute resolution expresses the Common Council's support for promptly examining the feasibility of creating a tax incremental district that includes Aldrich Chemical Company's North Teutonia Avenue location to assist the company in relocating within the City of Milwaukee.

Body
Whereas, Aldrich Chemical Company, Inc., is a subsidiary of St. Louis-based Sigma-Aldrich Corporation, which is a publicly traded company with 6,000 employees, operating in 34 countries; and

Whereas, Aldrich Chemical Company is a global leader in science and high technology research products, and for more than 50 years has used its unrivaled scientific knowledge to grow its business as an industry leader; and

Whereas, Aldrich Chemical Company is a good corporate citizen and long-time taxpayer, which has grown from an operation in its founder's garage more than 50 years ago to the preeminent company in its field and has shown its commitment to the City of Milwaukee through continuous growth and commitment of capital; and

Whereas, Aldrich Chemical Company entered into good-faith negotiations with the State of Wisconsin and the City of Milwaukee regarding the relocation of its existing facilities at West St. Paul Avenue, required as a result of the rebuilding of the Marquette Interchange; and

Whereas, Aldrich Chemical Company entered into sale and lease agreements with the State of Wisconsin pursuant to which Aldrich Chemical Company sold its facility at 940 West St. Paul Avenue to the Wisconsin Department of Transportation for approximately $32.5 million and must relocate from that facility by July 1, 2005; and

Whereas, As part of its relocation plan, Aldrich Ch...