Number
241841
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving the boundary and Project Plan for the Cudahy Farms Tax Incremental Financing District (TID 122).
Analysis
Body
Whereas, The Common Council of the City of Milwaukee, pursuant to Sec. 66.1105(3)(f), Wisconsin Statutes, has designated the Redevelopment Authority of the City of Milwaukee (the “Redevelopment Authority”) as the agency responsible for preparation and review of proposed tax incremental districts; and
Whereas, The boundary and a Project Plan for the Cudahy Farms Tax Incremental Financing District (the “District”), have been prepared and duly noticed; and
Whereas, On March 20, 2025, the Redevelopment Authority conducted the required public hearing on the boundary and Project Plan for the District; now, therefore, be it
Resolved, By the Redevelopment Authority of the City of Milwaukee that the boundary and Project Plan for the District, copies of which were submitted to the Journal of Proceedings, are adopted; and, be it
Further Resolved, That the Executive Director is directed to transmit copies of this resolution, the Project Plan and boundary of the District to the Common Council for its approval; and, be it
Further Resolved, By the Redevelopment Authority that the Cudahy Farms Term Sheet for a Development Agreement (a copy of which has been made part of this file) is approved; and be it
Further Resolved, That the proper officers of the Redevelopment Authority are authorized to enter into a Development or Grant Agreement for the purposes of implementing the Project Plan, on terms substantially in accordance with the respective Term Sheet; and be it
Further Resolved, That the officers of the Redevelopment Authority are authorized to execute any documents and instruments necessary to implement the District and Project Plan.
Requestor
Drafter
David Misky March 21, 2025