Number
120503
Version
ORIGINAL
Reference
Sponsor
ALD. PUENTE
Title
Resolution creating Business Improvement District No. 48 (Granville) and approving its first year Operating Plan, in the 9th Aldermanic District.
Analysis
This resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area bounded by 60th Street on the East, 95th Street on the West, Glenbrook Road on the North and Good Hope Road on the South. This resolution also adopts a first year Operating Plan and budget for the BID, creates a District Board and authorizes special assessments totaling $345,024 on taxable properties in the BID.
Body
Whereas, The Granville area 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 Granville business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting that the City 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. 48 (Granville) and the associated District Board are hereby created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 48, 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 directed to collect and disburse BID No. 48 assessments in accordance with the Operating Plan; and, be it
Further Resolved, That...
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