Number
240472
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving a Fourth Amendment to the Project Plan for Tax Incremental Financing District No. 70 (735 N Water).
Analysis
Body
Whereas, The Common Council of the City of Milwaukee, pursuant to Sec. 66.1105(3)(f), Wisconsin Statutes, has designated the Redevelopment Authority of the City of Milwaukee (the “Redevelopment Authority”) as the agency responsible for preparation and review of proposed tax incremental districts and amendments thereto; and
Whereas, The Fourth Amendment to the Project Plan (“Fourth Amendment”) for Tax Incremental Financing District No. 70 (735 N Water) (the “District”), have been prepared and duly noticed; and
Whereas, the Fourth Amendment does not change the boundaries of the District; and
Whereas, On July 10, 2024 the Redevelopment Authority conducted the required public hearing on the proposed Fourth Amendment to the District; now, therefore, be it
Resolved, By the Redevelopment Authority of the City of Milwaukee that the Fourth Amendment to the Project Plan, a copy of which was submitted to the Journal of Proceedings, is adopted; and, be it
Further Resolved, That the Executive Director is directed to transmit copies of this resolution and the Fourth Amendment to the District to the Common Council for its approval.
Further Resolved, That the officers of the Redevelopment Authority are authorized to execute any documents and instruments necessary to implement the Fourth Amendment to the District.
Requestor
Drafter
David Misky July 11, 2024