City of Milwaukee - File #: 970388

• File #: 970388
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 6/3/1997
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 9/23/1997
• Title: Substitute resolution approving a Project Plan and creating Tax Incremental District Number Thirty-Four (Third Ward Riverwalk) on the east/northeast bank of the Milwaukee River between East Clybourn Street and North Broadway in the 4th Aldermanic District. (Department of City Development)
• Sponsors: THE CHAIR
• Indexes: PLANNING, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
10/2/1997	2	MAYOR	SIGNED
9/23/1997	2	COMMON COUNCIL	ADOPTED	Pass	17:0
9/16/1997	2	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
9/12/1997	2	CITY CLERK	DRAFT SUBMITTED
7/24/1997	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
7/8/1997	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	5:0
6/17/1997	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	4:0
6/3/1997	0	COMMON COUNCIL	REFERRED TO

NUMB:
970388
VERS:
SUBSTITUTE 2
REF:

XXBY:
THE CHAIR
TITL:
Substitute resolution approving a Project Plan and creating Tax Incremental District Number Thirty-Four (Third Ward Riverwalk) on the east/northeast bank of the Milwaukee River between East Clybourn Street and North Broadway in the 4th Aldermanic District. (Department of City Development)
ANLS:
- Analysis -

Adoption of this substitute resolution will fulfill statutory requirements for approving a Project Plan and creating a Tax Incremental District to assist in the financing of public improvements, riverwalks, the restoration and adaptive reuse of certain existing buildings, and potential new development in that section of the Historic Third Ward Area and Downtown bounded by East Clybourn Street, North Water Street, East Erie Street, North Broadway and the Milwaukee River. This resolution authorizes the Commissioner of the Department of City Development, other public officials, and the Redevelopment Authority of the City of Milwaukee to take such actions as are necessary to accomplish the objectives of the Project Plan and also authorizes the City Comptroller to create the necessary and appropriate subaccounts for Plan implementation.
BODY:
Whereas, Chapter 105 of the Laws of 1975, of the State of Wisconsin with amendments from other chapters of said Laws, created Section 66.46, Wisconsin Statutes, titled "Tax Increment Law"; and

Whereas, Subsection ("ss") 66.46(4) of said Law sets forth certain criteria which must be followed by the Common Council of the City of Milwaukee ("Common Council") and the City Plan Commission to approve a Project Plan ("Plan") for a Tax Incremental District; and

Whereas, Tax Incremental District Number Thirty-Three, City of Milwaukee (United Health), was the last previously approved District created by the Common Council; and

Whereas, Pursuant to ss 66.46(4)(a) through (gm), Wisconsin Statutes, requiring Plan preparation, notice, public hear...