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File #: 990115    Version:
Type: Resolution Status: Passed
File created: 4/20/1999 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 6/22/1999
Effective date:    
Title: Substitute resolution approving an amendment to the Project Plan for Tax Incremental District Number Thirty-Seven (Grand Avenue) in the 4th Aldermanic District.
Sponsors: THE CHAIR
Indexes: PLANNING, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING
NUMB:
990115
VERS:
SUBSTITUTE 1
REF:
971894
XXBY:
THE CHAIR
TITL:
Substitute resolution approving an amendment to the Project Plan for Tax Incremental District Number Thirty-Seven (Grand Avenue) in the 4th Aldermanic District.
ANLS:
- Analysis -

This substitute resolution fulfills statutory requirements for amending the Project Plan for Tax Incremental District Number Thirty-Seven. The amendment revises the Project Plan to provide assistance for the redevelopment of the former Marshall Fields building. This substitute 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 amended Project Plan and also authorizes the City Comptroller to create the necessary and appropriate Subaccounts for Plan implementation.
BODY:
Whereas, Section 66.46(4)(h)1, Wisconsin Statutes, permits the City Plan Commission, 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 June 16, 1998 passed File No. 971894 approving a Project Plan and creating Tax Incremental District Number Thirty-Seven (Grand Avenue); and

Whereas, On May 17, 1999, pursuant to Section 66.46(4)(h)1, Wisconsin Statutes, and following the required notice and public hearing, the City Plan Commission adopted an amendment to the Project Plan for Tax Incremental District Number Thirty-Seven ("Amendment"), a copy of which is attached to this Common Council File; and

Whereas, The City Plan Commission has submitted the Amendment to the Common Council for its approval; and

Whereas, Section 66.46(4)(g) and (h)1, Wisconsin Statutes, provides that an amendment to a Project Plan for a Tax Incremental District shall be approved by the Common Council prior to or concurrent with the adoption ...

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