City of Milwaukee - File #: 021194

• File #: 021194
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 11/26/2002
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 12/20/2002
• Title: Resolution approving Amendment No. 1 to the Project Plan for Tax Incremental District No. 46 (New Arcade Project) in the 4th Aldermanic District. (DCD)
• Sponsors: ALD. HENNINGSEN
• Indexes: GRAND AVENUE MALL, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
12/23/2002	0	MAYOR	SIGNED
12/20/2002	0	COMMON COUNCIL	ADOPTED	Pass	16:0
12/17/2002	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Martiwaloch	Pass	4:0
12/5/2002	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
12/5/2002	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
12/3/2002		ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
11/26/2002	0	COMMON COUNCIL	ASSIGNED TO

Number
021194
Version
ORIGINAL
Reference
010322
Sponsor
ALD. HENNINGSEN
Title
Resolution approving Amendment No. 1 to the Project Plan for Tax Incremental District No. 46 (New Arcade Project) in the 4th Aldermanic District. (DCD)
Analysis
This resolution will fulfill statutory requirements for amending the Project Plan for TID No. 46. The amendment revises the Project Plan to provide assistance for the redevelopment of the Plankinton Arcade portion of the Shops of Grand Avenue. This resolution authorizes the Commissioner 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 amended Project Plan and also authorizes the City Comptroller to create the necessary and appropriate subaccounts for Plan implementation.
Body
Whereas, Section 66.1105(4)(h)l., Wisconsin Statutes, permits the Redevelopment Authority of the City of Milwaukee ("Authority"), subject to the approval of the Common Council of the City of Milwaukee ("Common Council"), to amend the Project Plan for a Tax Incremental District; and

Whereas, The Common Council on September 5, 2001 passed File No. 010322 approving a Project Plan and creating Tax Incremental District No. 46 (New Arcade Project); and

Whereas, Pursuant to Section 66.1105(4)(h)l., Wisconsin Statutes, and following the required notice and public hearing, the Authority adopted Amendment No. 1 to the Project Plan for Tax Incremental District No. 46 ("Amendment"), a copy of which is attached to this Common Council File; and

Whereas, The Authority has submitted said Amendment to the Common Council for its approval; and

Whereas, Section 66.1105(4)(g) and (h)1., Wisconsin Statutes, provides that an amendment to a Project Plan for a Tax Incremental District shall be approved by the Common Council prior to or concurrent with the adoption of a resolution by the Common Council which contains findin...