Number
260068
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving an Eighth Amendment to the Project Plan for Tax Incremental Financing District No. 56 (Erie Jefferson).
Analysis
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”), pursuant to Sec. 66.1105(3)(f), Wisconsin Statutes, has designated the Redevelopment Authority of the City of Milwaukee (the “Redevelopment Authority”) as the agency responsible for preparation and review of proposed tax incremental districts and amendments thereto; and
Whereas, on November 22, 2026, the Common Council adopted File No. 160937 (RACM Resolution No. 10643), which approved a Project Plan and created Tax Incremental District No. 89 (Garfield & North) (“TID 89”) to assist in the redevelopment of the former Garfield School; and
Whereas, To date TID 89 has not created sufficient incremental revenue to recover the TID 89 project costs; and
Whereas, on September 22, 2020, the Common Council adopted File No. 200598 (RACM Resolution No. 10834), which approved a Project Plan and created Tax Incremental District No. 106 (McKinley School) (“TID 106”) to assist in the redevelopment of the former McKinley School; and
Whereas, To date TID 106 has not created sufficient incremental revenue to recover the TID 106 project costs; and
Whereas, TID 56, TID 89, and TID 106 remain in existence and have not been statutorily terminated; and
Whereas, on September 23, 2004, The Common Council adopted File No. 040639, which approved a Project Plan and created Tax Incremental District No. 56, Erie Jefferson (“TID 56” or the “District”); and
Whereas, TID 56’s Project Plan has been amended seven times since the District’s creation; and
Whereas, the City of Milwaukee’s Department of City Development (“DCD”) staff recommended that TID 56’s Project Plan be further amended under Wis. Stat. 66.1105(4)(h)1, with approval by the Common Council, RACM and the Joint Review Board, and with ...
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