City of Milwaukee - File #: 970220

• File #: 970220
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 5/13/1997
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 7/11/1997
• Title: Substitute resolution approving a Project Plan and creating Tax Incremental District Number Thirty-Three (United Health) in the vicinity of North Plankinton Avenue and West Michigan Street and authorizing the proper City officials to enter into a Cooperation Agreement for Tax Incremental District Number Thirty- Three, in the 4th Aldermanic District. (Department of City Development)
• Sponsors: ALD. HENNINGSEN
• Indexes: PLANNING, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
7/8/1998	2	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/4/1998	0	STEERING & RULES COMMITTEE	PUBLISHED; Minutes note: Published 6/9/97
7/28/1997	2	CITY CLERK	PUBLISHED; Minutes note: Published 8-11-97
7/22/1997	2	MAYOR	SIGNED
7/11/1997	2	COMMON COUNCIL
7/8/1997	2	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
5/29/1997	1	CITY CLERK	DRAFT SUBMITTED
5/14/1997	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
5/13/1997	0	COMMON COUNCIL	REFERRED TO

NUMB:
970220
VERS:
SUBSTITUTE 2
REF:

XXBY:
ALD. HENNINGSEN
TITL:
Substitute resolution approving a Project Plan and creating Tax Incremental District Number Thirty-Three (United Health) in the vicinity of North Plankinton Avenue and West Michigan Street and authorizing the proper City officials to enter into a Cooperation Agreement for Tax Incremental District Number Thirty- Three, in the 4th Aldermanic District. (Department of City Development)
ANLS:
- Analysis -

Adoption of this substitute resolution will fulfill statutory requirements for approving a Project Plan and creating a Tax Incremental District to assist in the financing of public improvements and new office development in the city block bounded by West Michigan Street, the Milwaukee River, West Clybourn Avenue and North Plankinton Avenue. This resolution authorizes the Commissioner of the Department of City Development, other public officials, and the Redevelopment Authority of the City of Milwaukee to take such actions as are necessary to accomplish the objectives of the Project Plan and also authorizes the City Comptroller to create the necessary and appropriate subaccounts for Plan implementation. This resolution also authorizes the execution of a Cooperation Agreement providing for the $1,500,000 loan to the development proposed for TID No. 33.
BODY:
Whereas, Chapter 105 of the Laws of 1975, of the State of Wisconsin with amendments from other chapters of said Laws, created Section 66.46, Wisconsin Statutes, titled "Tax Increment Law"; and

Whereas, Subsection ("ss") 66.46(4) of said Law sets forth certain criteria which must be followed by the Common Council of the City of Milwaukee ("Common Council") and the City Plan Commission to approve a Project Plan ("Plan") for a Tax Incremental District; and

Whereas, Tax Incremental District Number Thirty-Two, City of Milwaukee (Walnut Street/King Drive Commercial Area), was the last previously approved District created by...