NUMB:
971819
VERS:
ORIGINAL
REF:
971003
XXBY:
ALD. HENNINGSEN
TITL:
Resolution approving an Amended and Restated 1998 Operating Plan for Business Improvement District No. 2 (Historic Third Ward).
ANLS:
- Analysis -
This resolution approves the Amended and Restated 1998 Operating Plan for the Historic Third Ward Business Improvement District No. 2.
BODY:
Whereas, The Common Council of the City of Milwaukee under File No. 870501, adopted October 6, 1987, created Business Improvement District No. 2 ("BID No. 2") and approved its initial Operating Plan; and
Whereas, The Common Council under File No. 971003 approved the 1998 Operating Plan for BID No. 2; and
Whereas, Common Council File No. 970388, adopted September 23, 1997, created Tax Incremental District No. 34 ("TID No. 34"), Historic Third Ward Riverwalk, and adopted a Project Plan for said tax incremental district which contemplates its implementation through the Board of BID No. 2; and
Whereas, The Board of BID No. 2 has submitted an Amended and Restated 1998 Operating Plan for BID No. 2 reflecting its desire to enter into a Riverwalk Development Agreement which requires an amendment to the 1998 Operating Plan to accommodate changes encountered in development activities and budget for the Board of BID No. 2 to initiate the implementation of said Historic Third Ward Riverwalk Project; now, therefore, be it
Resolved, That the Common Council of the City of Milwaukee approves the Amended and Restated 1998 Operating Plan for Business Improvement District No. 2 (Historic Third Ward), a copy of which is attached to this Common Council File; and, be it
Further Resolved, That all City officials, departments, boards and commissions are authorized and directed to take all such actions and to provide such assistance needed to carry out the intent and purpose of this resolution and the implementation of the development of the Historic Third Ward Riverwalk Project through BID No. 2....
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