NUMB:
971717
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution approving a Project Plan, a Development Agreement, and an Out-of-Program Agreement and creating Tax Incremental District Number Thirty-Six (Granville Park) in the vicinity of West Heather Avenue and North 110th Street in the 15th Aldermanic District. (Department of City Development)
ANLS:
- Analysis -
This resolution will fulfill statutory requirements for approving a Project Plan and creating a Tax Incremental District to assist in the financing of a new industrial park and residential subdivision. This resolution approves a Development Agreement and an Out-of-Program Agreement, authorizes the Commissioners of the Department of City Development and Public Works, the City Engineer, and other public officials to take such actions necessary to accomplish the objectives of the Project Plan, and authorizes the City Comptroller to create the necessary and appropriate Subaccounts for Plan implementation.
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-Five, City of Milwaukee (North 27th Street and West Wisconsin Avenue), was the last previously approved District created by the Common Council; and
Whereas, Pursuant to ss 66.46(4)(a) through (gm), Wisconsin Statutes, requiring Plan preparation, notice, public hearing and Plan adoption, the City Plan Commission designated the boundaries of a Tax Incremental District (the "District") in the vicinity of West Heather Avenue and North 110th Street, recommended that the ...
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