City of Milwaukee - File #: 001779

• File #: 001779
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 4/10/2001
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 6/19/2001
• Title: Substitute resolution approving a Project Plan and creating Tax Incremental District Number Forty-Three (21st & North Retail Center) in the 7TH Aldermanic District.
• Sponsors: THE CHAIR
• Indexes: PLANNING, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
6/28/2001	1	MAYOR	SIGNED
6/19/2001	1	COMMON COUNCIL	ADOPTED	Pass	15:0
6/12/2001	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
5/22/2001	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	4:0
5/17/2001	1	CITY CLERK	DRAFT SUBMITTED
5/15/2001	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/17/2001		ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
4/10/2001	0	COMMON COUNCIL	ASSIGNED TO

Number
001779
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR
Title
Substitute resolution approving a Project Plan and creating Tax Incremental District Number Forty-Three (21st & North Retail Center) in the 7TH Aldermanic District.
Analysis
Adoption of this substitute resolution will fulfill statutory requirements for approving a Project Plan and creating a Tax Incremental District to assist in the redevelopment of the area generally bounded by West North Avenue, West Fond du Lac Avenue, North 20th Street, West Lloyd Street, and North 23rd Street as a retail center featuring a Super K-Mart store. This resolution authorizes the Commissioners of the Department of City Development and Public Works, the City Engineer, and other public officials to take such actions as are necessary to accomplish the objectives of the Project Plan and also authorizes the City Comptroller to create the necessary and appropriate subaccounts for Plan implementation.
Body
Whereas, Section 66.1105, Wisconsin Statutes, the “Tax Increment Law,” provides a means for cities to finance the improvement of areas in need of redevelopment; and

Whereas, Subsection (“ss”) 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 City Plan Commission must follow to create a Tax Incremental District (“District”) and approve a Project Plan (“Plan”) for the District; and

Whereas, Pursuant to ss 66.1105(4)(a) through (gm), Wisconsin Statutes, requiring Plan preparation, notice, public hearing and Plan adoption, the City Plan Commission designated the area generally bounded by West North Avenue, West Fond du Lac Avenue, North 20th Street, West Lloyd Street, and North 23rd Street, recommended that the District be created, and submitted the recommendation to the Common Council for approval along with a proposed Plan for Tax Incremental District Number Forty-Three, City of Milwaukee, a copy of wh...