NUMB:
980711
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution creating Business Improvement District No. 23 (Lincoln Avenue) and approving its first year Operating Plan. (DCD)
ANLS:
- Analysis -
This resolution establishes a Business Improvement District ("BID"), pursuant to Wisconsin Statutes, for the Lincoln Village business area in the 8th, 12th and 14th Aldermanic Districts. The BID includes commercial properties on West Lincoln Avenue between South 5th and South 16th Streets and along the streets that intersect Lincoln Avenue, particularly South 6th Street, South 13th Street, and West Windlake Avenue. This resolution adopts a first year Operating Plan and budget for the BID, creates a District Board, and authorizes special assessments totaling $62,290 on taxable properties in the BID.
BODY:
Whereas, The Lincoln Village business area is a vital and integral part of the City of Milwaukee ("City"); and
Whereas, A Business Improvement District ("BID") as authorized by Section 66.608, Wisconsin Statutes, provides a financing mechanism to allow the Lincoln Village business area to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting the City to establish a Business Improvement District in the area; and
Whereas, An initial Operating Plan has been prepared which describes proposed activities within the District and which complies in all respects with applicable Wisconsin Statutes; and
Whereas, Said Operating Plan has been reviewed and adopted by the City Plan Commission following a public hearing; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that Business Improvement District No. 23 (Lincoln Avenue) and the associated District Board are created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 23, a copy of which is attached to this Common Council File, is adopted; and, be it
Further Resolved, ...
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