City of Milwaukee - File #: 230928

• File #: 230928
• Version: 4
• Type: Resolution
• Status: Passed
• File created: 10/10/2023
• In control: STEERING & RULES COMMITTEE
• Final action: 10/31/2023
• Title: Substitute resolution directing the appropriate City officials to seek to reopen and renegotiate the Payment In Lieu Of Taxes agreement between the City of Milwaukee and the Wisconsin Center District.
• Sponsors: COMMON COUNCIL
• Indexes: TAXATION, WISCONSIN CENTER DISTRICT

Date	Ver.	Action By	Action	Result	Tally
11/9/2023	4	MAYOR	SIGNED
10/31/2023	3	COMMON COUNCIL	SUBSTITUTED; Minutes note: All Common Council members requested to sponsor this file, unanimously.	Pass	15:0
10/31/2023	4	COMMON COUNCIL	AMENDED; Minutes note: Ald. Rainey, Brostoff, Spiker, Zamarripa, Westmoreland and Dimitrijevic added as co-sponsors. A motion was made by Ald. Rainey to add the entire Common Council as sponsor and there was no objection.	Pass	15:0
10/31/2023	4	COMMON COUNCIL	ADOPTED	Pass	15:0
10/16/2023	2	STEERING & RULES COMMITTEE	AMENDED; Minutes note: Aycha Sawa - Comptroller Preston Cole - Dept. of Administration Ald. Bauman thought Dept. of Administration, Budget Office and Comptroller's Office would be involved with the City Attorney involved in the drafting. Ald. Coggs, Murphy, Stamper, Chambers and Borkowski added as co-sponsors. Ald. Coggs amended this file to ensure that the final agreement shall come before the Council for approval.	Pass	6:0
10/16/2023	2	STEERING & RULES COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	6:0
10/10/2023	0	COMMON COUNCIL	ASSIGNED TO

Number

230928

Version

SUBSTITUTE 4

Reference

191960

Sponsor

Common Council

Title

Substitute resolution directing the appropriate City officials to seek to reopen and renegotiate the Payment In Lieu Of Taxes agreement between the City of Milwaukee and the Wisconsin Center District.

Analysis

This resolution directs the City Comptroller, Director of the Department of Administration, a member of the Common Council appointed by the Common Council President and any other appropriate City officials to seek to reopen negotiations for the Payment In Lieu Of Taxes agreement between the City of Milwaukee and the Wisconsin Center District. The resolution further directs City officials to negotiate an agreement that is a true payment in lieu of taxes, and not a contingent annual payment.

Body

Whereas, The Wisconsin Center District (WCD) is a public entity created by s. 229.42, Wis. Stats., in 1994; and

Whereas, The WCD owns and operates significant public assets in Downtown Milwaukee, including the Baird Center, Panther Arena, and Miller High Life Theater, and also owns Fiserv Forum, which is leased to and operated by the Milwaukee Bucks; and

Whereas, In 2020, the WCD approved a plan to significantly expand the WCD convention center (n/k/a the Baird Center) for the approximate cost of $458,000,000; and

Whereas, In connection with the deliberations around approval of this expansion plan, the City of Milwaukee and the WCD engaged in discussions to establish a revenue contribution to the City to reflect the historic arrangement under which the City had received approximately one-third of the City of Milwaukee hotel tax prior to the creation of the WCD and to reflect the significant contributions the City makes to the operation and success of the WCD in terms of public services and public infrastructure; and

Whereas, These negotiations resulted in a Payment In Lieu Of Taxes (PILOT) agreement between the City and the WCD approved in pr...