Number
250524
Version
ORIGINAL
Reference
050395
Sponsor
ALD. COGGS
Title
Resolution approving Amendment No. 1 to the Project Plan for Tax Incremental District No. 59, Bronzeville Cultural and Entertainment District, and authorizing additional funding and expenditures, and approving grants, in the 6th Aldermanic District.
Analysis
This resolution approves Amendment No. 1 to TID No. 59, which authorizes the expenditure of $5,000,000 in additional project funding for public infrastructure improvements and various street amenities, public art, commercial renovation for capital expenditures, construction of new homes to support affordable home ownership and administrative costs.
Body
Whereas, Boundaries and a Project Plan for Tax Incremental District (“TID” or “District”) No. 59 were approved by the Redevelopment Authority of the City of Milwaukee (“Authority”) and the Common Council of the City of Milwaukee (“Common Council”) on September 27, 2005 by adoption of File No. 050395; and
Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, on July 17, 2025, the Redevelopment Authority of the City of Milwaukee (“Authority”) conducted a public hearing on Amendment No. 1 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 Amendment will fund public infrastructure improvements and various street amenities, public art, commercial renovation and construction of new homes to support affordable home ownership within one half-mile of the District’s boundaries; and...
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