City of Milwaukee - File #: 250153

• File #: 250153
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 5/13/2025
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 6/24/2025
• Title: Resolution approving a Project Plan and a Development Agreement, authorizing expenditures and creating Tax Incremental District No. 124 (Harambee Homeownership Initiative), in the 6th Aldermanic District.
• Sponsors: ALD. COGGS
• Indexes: TAX INCREMENTAL DISTRICTS

Date	Ver.	Action By	Action	Result	Tally
7/1/2025	0	MAYOR	SIGNED
6/24/2025	0	COMMON COUNCIL	ADOPTED	Pass	13:0
6/17/2025	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Items 2 and 3 were considered together. Appearing: Larry Kilmer, Dept. of City Development Dr. Oby Nwabuzor, Envision Growth LLC Teig Whaley-Smith, Community Development Alliance Brian Sonderman, Milwaukee Habitat for Humanity Pres. Ald. Jose Perez, 12th Ald. Dist. Lori Lutzka, Dept. of City Development Tess Wynn, Dept. of City Development Mr. Kilmer gave a PowerPoint presentation, which is contained in the file. Tax Incremental District No. 124 consists of 193 parcels located in the area generally bounded by West & East Burleigh Street, West Randolph Street, North 7th Street and North Buffum Street. The District is being created to assist in the development and construction of 59 affordable single-family homes on vacant city owned lots. The development is part of a targeted and coordinated housing initiative in the Harambee neighborhood. There was discussion on the TID boundaries and risk mitigation, quantity and construction timeline for new homes, human resource agreement best efforts and no requirements, TID contribution amount and terms details, TID financing on private or public developments, RFP process (if any) and selection of the chosen developers, quality of the housing, and separation of TID contribution.	Pass	5:0
5/13/2025	0	COMMON COUNCIL	ASSIGNED TO

Number
250153
Version
ORIGINAL
Reference

Sponsor
ALD. COGGS
Title
Resolution approving a Project Plan and a Development Agreement, authorizing expenditures and creating Tax Incremental District No. 124 (Harambee Homeownership Initiative), in the 6th Aldermanic District.
Analysis
Tax Incremental District No. 124 consists of 193 parcels located in the area generally bounded by West & East Burleigh Street, West Randolph Street, North 7th Street and North Buffum Street. The District is being created to assist in the development and construction of 59 affordable single-family homes on vacant city owned lots. The development is part of a targeted and coordinated housing initiative in the Harambee neighborhood.

The Tax Incremental District will fund an annual payment to the Developer for a period of up to 25 years, equal to 100 percent of any incremental property taxes (less $7,500 in annual expenses), resulting from the increased taxable value of real and personal property in the Tax Incremental District, not to exceed an amount sufficient to repay up to $2,850,000.
Body
Whereas, Chapter 105 of the Laws of 1975 of the State of Wisconsin, with amendments from other chapters of said Laws, created Section 66.1105, Wisconsin Statutes, titled “Tax Increment Law;” and

Whereas, Section 66.1105(4) of the Tax Increment Law sets forth certain criteria that the Common Council of the City of Milwaukee (“Common Council”) and the Redevelopment Authority of the City of Milwaukee (“Authority”) must follow to create a Tax Incremental District (“TID” or “District”) and approve a Project Plan for a TID; and

Whereas, Pursuant to Section 66.1105(4) (a) through (gm), Wisconsin Statutes, on May 15, 2025, the Authority conducted a public hearing on the Project Plan, designated the boundaries of the District and recommended that the District be created and submitted such recommendation to the Common Council for approval with a proposed Project Plan for the District (“Plan”), ...