Number
050706
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. HINES
Title
Substitute resolution creating Business Improvement District No. 39 (Center Street Marketplace) and approving its First Year Operating Plan.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area generally including commercial properties along West Center Street between North 29th Street and North 60th Street, in the 7th and 15th Aldermanic Districts. This substitute resolution also adopts a first year Operating Plan and budget for the BID, creates a District Board and authorizes special assessments totaling $46,499 on taxable properties in the BID.
Body
Whereas, The Center Street business district is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Business Improvement District (“BID”) as authorized by Section 66.1109, Wisconsin Statutes, provides a financing method to allow the Center Street business district to become self-sustaining; 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 acts in accordance with applicable Wisconsin Statutes; and
Whereas, Said Operating Plan has been reviewed and adopted by the City Plan Commission following a public hearing; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that Business Improvement District No. 39 (Center Street Marketplace) and the associated District Board are hereby created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 39, a copy of which is attached to this Common Council File, is hereby adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other affected departments are hereby authorized and directed to collect and disburse BID No. 39 ...
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