Number
252191
Version
ORIGINAL
Reference
040639, 090791, 130268, 141264, 150911, 170497, 220634, 241346
Sponsor
ALD. BAUMAN
Title
Resolution approving Amendment No. 8 to the Project Plan for Tax Incremental District No. 56 (Erie Jefferson), to allow donations to Tax Incremental District No. 89 (Garfield & North) and Tax Incremental District No. 106 (McKinley School), in the 4th Aldermanic District.
Analysis
The Common Council created Tax Incremental District No. 56 in 2004 by adoption of File No. 040639 to, among other things, increase public access to the Milwaukee River by construction of riverwalk and plazas, to provide assistance in funding for riverwalk improvements and to remove or improve obsolete railroad facilities. The district has been amended seven times to provide funds for public infrastructure improvements and to provide donations to distressed Tax Incremental Districts.
This resolution approves Amendment No. 8 to TID No. 56, which approves donations to Tax Incremental District No. 89 (Garfield & North), in the 6th Aldermanic District, and to Tax Incremental District No. 106 (McKinley School), in the 15th Aldermanic District.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) adopted File No. 040639 on September 23, 2004, which approved a Project Plan (“Plan”) and created Tax Incremental District No. 56, Erie Jefferson (“TID 56” or the “District”); and
Whereas, The Common Council adopted File No. 090791 on November 3, 2009, which approved Amendment No. 1 to the Project Plan for the District; and
Whereas, The Common Council adopted File No. 130268 on July 2, 2013, which approved Amendment No. 2 to the Project Plan for the District; and
Whereas, The Common Council adopted File No. 141264 on February 10, 2015 which approved Amendment No. 3 to the Project Plan for the District; and
Whereas, The Common Council adopted File No. 150911 on November 2, 2015 which approved Amendment No. 4 to the Project Plan for the...
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