City of Milwaukee - File #: 241346

• File #: 241346
• Version: 1
• Type: Resolution
• Status: In Council-Adoption
• File created: 12/17/2024
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Title: Substitute resolution approving Amendment No. 7 to the Project Plan for Tax Incremental District No. 56, (Erie/ Jefferson), and authorizing additional expenditures, and approving a development agreement, in the 4th Aldermanic District.
• Sponsors: ALD. BAUMAN

Date	Ver.	Action By	Action	Result	Tally
1/14/2025	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Alyssa Remington, DCD Kevin Muhs, DPW This resolution approves Amendment No. 7 to TID No. 56, which authorizes the expenditure of $30,000,000 in additional project funding for eligible public infrastructure costs related to bikeway improvements, high impact paving projects, street reconstructions, public plaza improvements, a construction contingency and to provide funding for TID administration.	Pass	5:0
1/14/2025	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECONSIDERED	Pass	5:0
1/14/2025	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing to provide additional testimony: Sarah Pancheri, Milwaukee World Festival, Inc. Paul Schwartz, Historic Third Ward BID 2 Jim Plaisted, Historic Third Ward Association Kevin Muhs, DPW	Pass	5:0
1/7/2025	1	CITY CLERK	DRAFT SUBMITTED
12/17/2024	0	COMMON COUNCIL	ASSIGNED TO

Number
241346
Version
SUBSTITUTE 1
Reference
040639, 090791, 130268, 141264, 150911, 170497, 220634
Sponsor
ALD. BAUMAN
Title
Substitute resolution approving Amendment No. 7 to the Project Plan for Tax Incremental District No. 56, (Erie/ Jefferson), and authorizing additional expenditures, and approving a development agreement, in the 4th Aldermanic District.
Analysis
The Common Council created Tax Incremental District No. 56 in 2004 by adoption of File No. 040639 to, among other things, increase public access to the Milwaukee River by construction of riverwalk and plazas, to provide assistance in funding for riverwalk improvements and to remove or improve obsolete railroad facilities

This resolution approves Amendment No. 7 to TID No. 56, which authorizes the expenditure of $30,000,000 in additional project funding for eligible public infrastructure costs related to bikeway improvements, high impact paving projects, street reconstructions, public plaza improvements, a construction contingency and to provide funding for TID administration.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) adopted File No. 040639 on September 23, 2004, which approved a Project Plan (“Plan”) and created Tax Incremental District No. 56, Erie Jefferson (“TID No. 56” or “District”); and

Whereas, The Common Council adopted File No. 090791 on November 3, 2009, which approved Amendment No. 1 to the Project Plan for the District; and

Whereas, The Common Council adopted File No. 130268 on July 2, 2013, which approved Amendment No. 2 to the Project Plan for the District; and

Whereas, The Common Council adopted File No. 141264 on February 10, 2015 which approved Amendment No. 3 to the Project Plan for the District; and

Whereas, The Common Council adopted File No. 150911 on November 2, 2015 which approved Amendment No. 4 to the Project Plan for the District; and

Whereas, The Common Council adopted File No. 170497 on July 31, 2017 which approved Amen...