Number
090074
Version
SUBSTITUTE 1
Reference
040878
Sponsor
ALD. COGGS
Title
Substitute resolution authorizing an expenditure and approving a Public Improvement Development and Maintenance Agreement for Business Improvement District No. 36, Riverworks II, in the 6th Aldermanic District.
Analysis
This substitute resolution approves a streetscape improvement project proposed by Business Improvement District No. 36 to enhance the commercial corridor along Holton Street from Keefe to Concordia Avenues.
Body
Whereas, On November 3, 2004, the Common Council of the City of Milwaukee (“Common Council”) created Business Improvement District No. 36 (“BID No. 36”) via File No. 040878 and approved its first year Operating Plan; and
Whereas, The first year Operating Plan for BID No. 36 called for the BID Board to enter into an agreement with the City of Milwaukee (“City”) for the financing, installation and maintenance of a mutually acceptable streetscape improvement project for BID No. 36; and
Whereas, The 2009 Capital Budget for the City contains $140,000 in the Business Improvement District Fund; and
Whereas, A Public Improvement Development and Maintenance Agreement Term Sheet for said streetscaping project, a copy of which is attached to this Common Council File, has been prepared with the participation of the BID No. 36 Board and City departments; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the proper City officials are directed to draft said Agreement, which is consistent with the terms and conditions of said Term Sheet and is mutually acceptable to the City Attorney, the Commissioner of the Department of City Development and BID No. 36; and, be it
Further Resolved, That the City Comptroller is directed to transfer $140,000 from the Business Improvement District Fund Account No. UR0418000A to Project Account No. UR04184100; and, be it
Further Resolved, That the City Comptroller, in conjunction with the Commissio...
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