NUMB:
970900
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution creating Business Improvement District No. 21 (Downtown Management District), approving its first year Operating Plan, and approving and authorizing execution of a Cooperation Agreement between the City of Milwaukee and the District Board. (DCD)
ANLS:
- Analysis -
This resolution establishes a Business Improvement District ("BID"), pursuant to Wisconsin Statutes, for the Downtown business area in the 4th Aldermanic District. The proposed BID includes commercial properties generally bounded by East Walnut Street, North 4th Street, West Wells Street, North 10th Street, the Menomonee River, East Clybourn Avenue, the Lakefront and North Jefferson Street. This resolution adopts a first year Operating Plan and budget for the BID, creates a District Board, authorizes special assessments totaling $1,700,533 on taxable properties in the BID, and approves and authorizes execution of a Cooperation Agreement between the City and the District Board to authorize a contribution of $35,000 from the Riverfront and Other Downtown Planning and Improvement Fund to assist in the District's holiday lighting program.
BODY:
Whereas, The Downtown business 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, will provide the financing mechanism for the Downtown business area to sustain its competitiveness by ensuring a safe, clean environment conducive to business activity; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting the City to establish a BID 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 ...
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