Number
250714
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving a Fourth Amendment to the Project Plan for Tax Incremental Financing District No. 53 (Menomonee Valley Business Park).
Analysis
Body
Whereas, The Common Council of the City of Milwaukee, 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 amendments thereto; and
Whereas, The Fourth Amendment to the Project Plan for Tax Incremental Financing District No. 53, Menomonee Valley Business Park (the “District”) has been prepared and duly noticed; and
Whereas, The District is located within Aldermanic Districts 8 and 10; however, the Fourth Amendment includes projects that are in the 4th, 8th, 10th and 14th Aldermanic Districts, that are within .5 miles of the District’s boundaries in compliance with the Wisconsin Statutes.
Whereas, On August 21, 2025 the Redevelopment Authority conducted the required public hearing on the proposed Fourth Amendment to Project Plan for the District; now, therefore, be it
Resolved, By the Redevelopment Authority of the City of Milwaukee that the Fourth Amendment to the Project Plan for the District, a copy of which was submitted to the Journal of Proceedings, is approved and adopted; and, be it
Further Resolved, That the Executive Director is directed to transmit copies of this resolution and the Fourth Amendment to the Common Council for its approval; and, be it
Further Resolved, That the officers of the Redevelopment Authority are authorized to take such further action and to execute any documents and instruments necessary to implement the Fourth Amendment to the District.
Requestor
Drafter
David Misky August 25, 2025