City of Milwaukee - File #: 041514

• File #: 041514
• Version: 4
• Type: Resolution
• Status: Passed
• File created: 2/22/2005
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 5/3/2005
• Title: Substitute resolution approving an Amended and Restated Project Plan and boundary for Tax Incremental District No. 48 (Park East) in the 3rd, 4th and 6th Aldermanic Districts.
• Sponsors: ALD. D'AMATO
• Indexes: ECONOMIC DEVELOPMENT, TAX INCREMENTAL DISTRICTS

Date	Ver.	Action By	Action	Result	Tally
5/12/2005	3	MAYOR	SIGNED
5/9/2005	4	CITY CLERK	DRAFT SUBMITTED
5/3/2005	3	CITY CLERK	DRAFT SUBMITTED
5/3/2005	2	COMMON COUNCIL	SUBSTITUTED	Pass	14:0
5/3/2005	3	COMMON COUNCIL	ADOPTED	Pass	11:1
4/12/2005	1	COMMON COUNCIL	HELD IN COUNCIL; Minutes note: Ald. Murphy moved that this file be held to a later point in the meeting for the purpose of contacting representatives of the Department of City Development for information on this matter. There was no objection. At 11:28 a.m., Ald. Murphy moved that the Common Council enter the Committee of the Whole for the purpose of hearing from Mr. Michael Wisnewski from the Department of City Development pertaining to this file. There was no objection. Mr. Michael Wisnewski appeared and addressed the Common Council. Mr. Pat McDonnelll, deputy city attorney, appeared and addressed the Common Council. Ald. Murphy that the committee now rise. There was no objection.	Pass	6:8
4/7/2005	2	CITY CLERK	DRAFT SUBMITTED
4/5/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Speakers: Ald. Joe Davis - asks that this item be held until the Comptroller's Office can complete its audit of this TID Mike Wizniewski - Department of City Development Rocky Marcoux - Commissioner of the Department of City Development Michael Daun - Comptroller's Office Pat McDonnell - City Attorney's Office Ald. Bauman moved to amend Table A to add a line item for $1 for land acquisition within the renewal area, so the City can negotiate with the County for the purchase of County land in the district in the future, if needed. Any purchases would need to be approved by the Council. Prevailed. 5-0	Pass	5:0
3/31/2005	1	CITY CLERK	DRAFT SUBMITTED
3/21/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
2/22/2005	0	COMMON COUNCIL	ASSIGNED TO

Number
041514
Version
SUBSTITUTE 4
Reference
011182
Sponsor
ALD. D'AMATO
Title
Substitute resolution approving an Amended and Restated Project Plan and boundary for Tax Incremental District No. 48 (Park East) in the 3rd, 4th and 6th Aldermanic Districts.
Analysis
This substitute resolution approves the Amended and Restated Project Plan and expands the boundary for the Park East Tax Incremental District No. 48. Adoption of this resolution increases the project budget from $3.9 million to $19,962,895, excluding capitalized interest and bond issuance costs, and authorizes the expenditure of this sum.
Body
Whereas, Section 66.1105(4)(h)1, Wisconsin Statutes, permits the Redevelopment Authority of the City of Milwaukee ("RACM"), subject to the approval of the Common Council, to amend the Project Plan for a Tax Incremental District; and

Whereas, The Common Council of the City of Milwaukee ("Common Council") on March 5, 2002, adopted File No. 011182, which approved a Project Plan and created Tax Incremental District No. 48 (Park East); and

Whereas, On March 17, 2005, pursuant to Section 66.1105(4)(h)1, Wisconsin Statutes, and following the required notice and public hearing, RACM adopted the Amended and Restated Project Plan and boundary for Tax Incremental District No. 48 ("Amendment"), a copy of which is attached to this Common Council File; and

Whereas, RACM has submitted the 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 RACM prior to or concurrent with the adoption of a resolution by the Common Council which contains findings that such amendment is feasible and in conformity with the master plan of the city; and

Whereas, The Amendment was duly reviewed and considered by the Zoning, Neighborhoods and Development Committee and determined to be feasible; by RACM and d...