Number
130732
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. ZIELINSKI
Title
Substitute resolution creating Business Improvement District No. 50 (South 13th Street/West Oklahoma Avenue) and approving its first year Operating Plan, in the 14th Aldermanic District.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area bounded by West Cleveland Avenue on the north, South Chase Avenue on the east, West Morgan Avenue on the south and South 15th Street on the west. Also, this substitute resolution adopts a first year Operating Plan, establishes a boundary for the BID and creates a District Board.
Body
Whereas, The South 13th Street and West Oklahoma Avenue business district is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Business Improvement District (“BID” or “District”), as authorized by Section 66.1109, Wisconsin Statutes, provides a financing method to allow a business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting that the City establish a BID in the area; and
Whereas, An initial Operating Plan, a copy of which is attached to this Common Council File, has been prepared that describes the proposed activities within the District and which acts in accordance with applicable Wisconsin Statutes; and
Whereas, Said Operating Plan has been reviewed and adopted by the City Plan Commission following a public hearing; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that Business Improvement District No. 50 (South 13th Street/West Oklahoma Avenue) and the associated District Board are hereby created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 50 is hereby adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other affected departments are hereby directed to collect and disburse BID No. 50...
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