NUMB:
990931
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITLE
Resolution creating Business Improvement District No. 26 (Menomonee Valley) and approving its first year Operating Plan. (DCD)
ANLS:
- Analysis -
This resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the Menomonee Valley business area in the 8th, 12th and 16th Aldermanic Districts. The BID includes industrial and commercial properties in the area generally bounded by I-94, North 2nd Street, the CP Rail "Air Line" trackage, and North 44th Street. This resolution adopts a first year Operating Plan and budget for the BID, creates a District Board, and authorizes special assessments totaling $30,000 on taxable properties in the BID.
BODY
Whereas, The Menomonee Valley area is a vital and integral part of the City of Milwaukee ("City"); and
Whereas, A Business Improvement District ("BID") as authorized by Section 66.608, Wisconsin Statutes, provides a financing mechanism to allow the Menomonee Valley business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting the City to establish a BID in the area; and
Whereas, An initial Operating Plan has been prepared which describes proposed activities within the District and which complies in all respects 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. 26 (Menomonee Valley) and the associated District Board are created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 26, a copy of which is attached to this Common Council File, is adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller, and other affected departments are authorized and directed to collect and disburse t...
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