City of Milwaukee - File #: 251765

• File #: 251765
• Version: 1
• Type: Resolution
• Status: In Council-Adoption
• File created: 2/10/2026
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Title: Substitute resolution approving Amendment No. 1 to the Project Plan for Tax Incremental District No. 127, 100 East Wisconsin, and authorizing additional expenditures, in the 4th Aldermanic District.
• Sponsors: ALD. BAUMAN

Date	Ver.	Action By	Action	Result	Tally
2/24/2026	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Larry Kilmer, DCD Johnny Vasallo, developer Joe Klein, HKS Holdings, LLC This substitute resolution approves Amendment No. 1 to TID No. 127, 100 East Wisconsin, and authorizes the expenditure of an additional cash grant in the amount of $2,200,000 paid to the Developer as part of a development agreement for additional hard and softs costs to improve workforce housing in the downtown area and an additional $40,000 for the administration of the TID. A presentation was given on the TID amendment. There was discussion on the distinction between a developer financed TIF vs. city financed TIF, tax assessment value of the property, increased costs, and workforce housing commitment.	Pass	4:1
2/17/2026	1	CITY CLERK	DRAFT SUBMITTED
2/10/2026	0	COMMON COUNCIL	ASSIGNED TO

Number
251765
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. BAUMAN
Title
Substitute resolution approving Amendment No. 1 to the Project Plan for Tax Incremental District No. 127, 100 East Wisconsin, and authorizing additional expenditures, in the 4th Aldermanic District.
Analysis
This substitute resolution approves Amendment No. 1 to TID No. 127, 100 East Wisconsin, and authorizes the expenditure of an additional cash grant in the amount of $2,200,000 paid to the Developer as part of a development agreement for additional hard and softs costs to improve workforce housing in the downtown area and an additional $40,000 for the administration of the TID.

The Tax Incremental District, as amended, will fund an annual payment to the Developer for 20 years, equal to 100 percent of any incremental property taxes (less $10,000 in annual expenses), resulting from the taxable value of real and personal property in the Tax Incremental District, not to exceed an amount equal to $16,600,000, plus interest, as further described in the amended Project Plan attached to this Common Council file.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) adopted File No. 250525, on July 31, 2025 which approved a Project Plan (“Plan”) and created Tax Incremental District No. 127, 100 East Wisconsin (“TID No. 127” or “District”); and

Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, on February 19, 2026, 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 ...