Number
060662
Version
ORIGINAL
Reference
Sponsor
ALD. MURPHY
Title
Motion amending the Common Council Procedure and Rules relating to the committees to which tax incremental financing districts are assigned.
Analysis
This motion amends the Common Council Procedure and Rules to direct that any council file relating to the financing of a tax incremental financing district be referred to both the Zoning, Neighborhoods and Development Committee and the Finance and Personnel Committee. The Finance and Personnel Committee is responsible for reviewing the impact of the proposed district on the tax levy as well as a review of any city subsidy proposed for the district. The Zoning, Neighborhoods and Development Committee is responsible for reviewing all other aspects of the proposed district.
Currently, tax incremental financing districts are the sole responsibility of the Zoning, Neighborhoods and Development Committee.
Body
It is moved, by the Common Council of the City of Milwaukee, that Article II, Section 1, Subsection 2, Paragraph m of the Common Council Procedure and Rules is renumbered Paragraph n,
;and,
It is further moved that Article II, Section 1, Subsection 2, Paragraph m of the Common Council Procedure and Rules is created to read:
Article II
COMMITTEES
Section 1. Standing Committees.
2. Finance and personnel:
m. Tax incremental financing districts, creation of, as to their tax levy impact and any proposed city subsidy (joint referral).
;and,
It is further moved that Article II, Section 1, Subsection 7, Paragraph m, is repealed and recreated to read:
7. Zoning, neighborhoods and development:
m. Tax incremental financing districts, all aspects not assigned to the finance and personnel committee (joint referral).
Requestor
Drafter
jro
07/11/06