Number
021016
Version
ORIGINAL
Reference
010679
Sponsor
THE CHAIR
Title
Resolution amending Common Council File No. 010679 which appropriated funds from the Department of City Development's Advance Planning Fund for a tax incremental district analysis in the Historic Third Ward. (DCD)
Analysis
This resolution amends a previously approved Common Council File to provide up to an additional $20,000 from the Advance Planning Fund for an expanded scope of work to include a planning study and design guidelines for undeveloped areas in the eastern portion of the Third Ward. This resolution also approves amendments to the previously approved Term Sheet.
Body
Whereas, The Common Council of the City of Milwaukee adopted File No. 010679 on October 12, 2001, which appropriated $20,000 from the Advance Planning Fund for a tax incremental district analysis in the Historic Third Ward; and
Whereas, Said File also authorized the proper City officials to enter into a Cooperation Agreement with the Historic Third Ward Association based on the conditions in a Term Sheet; and
Whereas, The scope of work for this project has expanded to include a plan and updated design guidelines for the Third Ward which necessitates up to an additional $20,000 from the Advance Planning Fund; and
Whereas, The Historic Third Ward Association will match the City's share of the total cost of this planning project; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the City Comptroller is authorized and directed to transfer $20,000 from the Advance Planning Fund Parent Account No. UR01280000 to Subaccount No. UR01280122 for said planning project; and, be it
Further Resolved, That the proper City officials are authorized and directed to enter into a Cooperation Agreement with the Historic Third Ward Association consistent with the terms and conditions outlined in the Term Sheet, a copy of which is attached to this Common Council File; ...
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