City of Milwaukee - File #: 251868

• File #: 251868
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 3/3/2026
• In control: COMMON COUNCIL
• Final action: 3/24/2026
• Title: Substitute resolution approving a Project Plan and a Development Agreement, authorizing expenditures and creating Tax Incremental District No. 130(VIA), in the 12th Aldermanic District.
• Sponsors: ALD. PEREZ
• Indexes: TAX INCREMENTAL DISTRICTS

Date	Ver.	Action By	Action	Result	Tally
3/26/2026	1	MAYOR	SIGNED
3/24/2026	1	COMMON COUNCIL	ADOPTED	Pass	15:0
3/20/2026	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Larry Kilmer, DCD Joey Wisniewski, New Land Enterprises Pres. Ald. Jose Perez, 12th Ald. Dist. Tax Incremental District No. 130 consists of one parcel located at 1000 South 5th Street. The District is being created to assist in the new construction of an 82-unit multi-family residential building with all units set aside for households earning up to 80, 90, and 100 percent of the Area Median Income and approximately 4,000 square feet of commercial space. A presentation was made on the general area, TID boundary, development team, existing conditions, details of a workforce housing new construction project (VIA), financing, and consistency with the area plan and action plan. There was discussion on financing (cost saving, claw back, safety-valve, calculations, gap), anticipated rent costs and AMIs, unit square footages, proximity to grocery stores, and human resource requirements experiences and plans. Pres. Ald. Perez was in support of the project and file.	Pass	4:0
3/12/2026	1	CITY CLERK	DRAFT SUBMITTED
3/3/2026	0	COMMON COUNCIL	ASSIGNED TO

Number
251868
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. PÉREZ
Title
Substitute resolution approving a Project Plan and a Development Agreement, authorizing expenditures and creating Tax Incremental District No. 130(VIA), in the 12th Aldermanic District.
Analysis
Tax Incremental District No. 130 consists of one parcel located at 1000 South 5th Street. The District is being created to assist in the new construction of an 82-unit multi-family residential building with all units set aside for households earning up to 80, 90, and 100 percent of the Area Median Income and approximately 4,000 square feet of commercial space.

The Tax Incremental District will fund an annual payment to the Developer for up to 24 years, equal to 100 percent of any incremental property taxes (less $10,000 in annual expenses), resulting from the taxable value of real and personal property in the Tax Incremental District, not to exceed an amount equal up to $3,820,000 as further described in the Project Plan attached to this Common Council file.
Body
Whereas, The Wisconsin Legislature created Section 66.1105, Wisconsin Statutes, entitled “Tax Increment Law;” and

Whereas, Section 66.1105(4) of the Tax Increment Law sets forth certain criteria that the Common Council of the City of Milwaukee (“Common Council”) and the Redevelopment Authority of the City of Milwaukee (“Authority”) must follow to create a Tax Incremental District (“TID” or “District”) and approve a Project Plan (“Plan”); and

Whereas, Pursuant to Section 66.1105(4)(a) through (gm), Wisconsin Statutes, on February 19, 2026, the Authority conducted a public hearing on the proposed TID and the Plan, designated the boundaries of the District, approved the Plan, recommended that the District be created, and submitted such recommendation to the Common Council for approval with the Plan, a copy of which is attached to this Common Council File; and

Whereas, As required by Section 66.1105(4)(gm)4.a., Wisconsin Statutes, n...