NUMB:
970901
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution creating Business Improvement District No. 22 (Edgewood/Oakland) and approving its first year Operating Plan. (DCD)
ANLS:
- Analysis -
This resolution establishes a Business Improvement District ("BID"), pursuant to Wisconsin Statutes, for the Edgewood/Oakland business area in the Third Aldermanic District. The BID includes commercial properties on Oakland Avenue immediately south of Edgewood Avenue. This resolution adopts a first year Operating Plan and budget for the BID, creates a District Board, and authorizes special assessments totaling $4,441 on taxable properties in the BID.
BODY:
Whereas, The Edgewood/Oakland commercial area is a vital and integral part of the City of Milwaukee ("City"); and
Whereas, A Business Improvement District ("BID") as authorized by Section 66.608, Wisconsin Statutes, provides a financing mechanism to allow the Edgewood/Oakland business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting the City to establish a Business Improvement District in the area; and
Whereas, An initial Operating Plan has been prepared which describes proposed activities within the District and which complies in all respects with applicable Wisconsin Statutes; and
Whereas, Said Operating Plan has been reviewed and adopted by the City Plan Commission following a public hearing; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that Business Improvement District No. 22 (Edgewood/Oakland) and the associated District Board are hereby created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 22, a copy of which is attached to this Common Council File, is hereby adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller, and other affected departments are hereby authorized and directed to collect and d...
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