Number
030863
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. RICHARDS
Title
Substitute resolution creating Business Improvement District No. 31 (Havenwoods) and approving its First Year Operating Plan.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area generally bounded by North 77th Street, West Good Hope Road, North 51st Street extended and West Silver Spring Drive, in the 2nd and 9th Aldermanic Districts. This substitute resolution also adopts a First Year Operating Plan and budget for the BID, creates a District Board and authorizes special assessments totaling $132,590 on taxable properties in the BID.
Body
Whereas, The Havenwoods business district is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Business Improvement District (“BID”) as authorized by Section 66.1109, Wisconsin Statutes, provides a financing method to allow the Havenwoods 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 act 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. 31 (Havenwoods) and the associated District Board are created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 31, 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 the BID No. 31 assessments in accorda...
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