Number
110731
Version
SUBSTITUTE 2
Reference
Sponsor
THE CHAIR
Title
A substitute ordinance implementing various provisions of the 2012 budget.
Sections
115-43-2-b-1 am
Analysis
Effective January 1, 2012, this ordinance reduces the recovery ratio for alley improvements from 60% to 30%.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 115-43-2-b-1 of the code is amended to read:
115-43. Recovery Rates for Assessable Improvements.
2. RECOVERY RATES AND RATIOS.
b. Reconstruction.
b-1. Alley - [60%] >>30%<<.
Part 2. This ordinance takes effect January 1, 2012.
LRB:
APPROVED AS TO FORM
______________________
Legislative Reference Bureau
Date: ___________________
ATTORNEY
IT IS OUR OPINION THAT THE ORDINANCE
IS LEGAL AND ENFORCEABLE
_____________________________
Office of the City Attorney
Date: _________________________
Department
Drafter
LRB135229-2
Jin Carroll
11/2/11