NUMB:
990163
VERS:
SUBSTITUTE 1
REF:
980823
XXBY:
ALD. HENNINGSEN
TITL:
Substitute resolution approving the First Amendment to the 1999 Operating Plan for Business Improvement District No. 2 (Historic Third Ward).
ANLS:
- Analysis -
This resolution approves an amendment to the 1999 Operating Plan for Business Improvement District No. 2 (Historic Third Ward) that provides that the Historic Third Ward Association, the developer of the parking structure being constructed on the southeast corner of North Water and East Chicago Streets, shall make an annual payment in lieu of property taxes to the City for this structure. This payment in lieu of taxes is required in exchange for the City's agreement to refund all permit and plan examination fees already paid, and waive all future permit and plan examination fees, relating to construction of this facility, as specified in Common Council File Number 981758.
BODY:
Whereas, On October 9, 1998, the Common Council adopted File Number 980823, a resolution approving the 1999 Operating Plan for Business Improvement District No. 2 (Historic Third Ward); and
Whereas, The approved Operating Plan calls for the development and implementation of a plan for the construction of a parking structure on the southeast corner of North Water and East Chicago Streets; and
Whereas, While this parking structure would be exempt from real property taxation, the board of Business Improvement District No. 2 has agreed to make payments in lieu of taxes, just as it does for the structure it operates and maintains on the northeast corner of North Milwaukee and East Chicago Streets; and
Whereas, Common Council File Number 981758 authorizes and directs the Permit and Development Center of the Department of City Development and the Department of Public Works to refund all permit and plan examination fees already paid relating to the construction of the parking structure at North Water and East Chicago Streets and to w...
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