Number
252014
Version
ORIGINAL
Reference
050592, 191679
Sponsor
ALD. BAUMAN
Title
Resolution approving Amendment No. 2 to the Project Plan and authorizing expenditures for Tax Incremental District No. 60 (Milwaukee Intermodal Passenger Station Project), in the 4th Aldermanic District.
Analysis
This Resolution approves Amendment No. 2 to the Project Plan for the Tax Incremental District No. 60 (Milwaukee Intermodal Passenger Station Project), to fund street improvements outside of the district but within one-half mile.
Body
Whereas, With the approval of each of the Redevelopment Authority of the City of Milwaukee (“RACM”), the City of Milwaukee (“City”), and the Wisconsin Statute 66.1105 Joint Review Board (“JRB”), Tax Incremental District (“TID”) No. 60 (the “Milwaukee Intermodal Passenger Station Project”) (Council Resolutions 050592 and 191679, RACM Resolutions 9749 and 10810) was created and the TID remains in existence and has not been statutorily terminated; and
Whereas, The City Department of City Development (“DCD”) staff has recommended that the Milwaukee Intermodal Passenger Station Project TID provide funding for the street improvements; and
Whereas, Section 66.1105(2)(f)1.n., Wis. Stat., permits amendments to fund projects located outside, but within one-half mile of the District’s boundary; and
Whereas, Amendment 2 to the Project Plan will fund street improvements to West St. Paul Avenue, West Michigan Street and West Canal Street; and
Whereas, On March 19 2026, per Wis. Stat. 66.1105(6)(f) and (4)(h), RACM adopted a resolution, following required notice and public hearing, approving Amendment 2, and directing its submittal to the Common Council for approval and to the JRB for approval and at which RACM hearing interested parties were afforded reasonable opportunity to express their views on the amendment; and
Whereas, Per Section 66.1105(5)(b), Wisconsin Statutes, less than 35 percent of the territory within the District will be devot...
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