City of Milwaukee - File #: 050395

• File #: 050395
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 7/6/2005
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 9/27/2005
• Title: Substitute resolution approving a Project Plan and creating Tax Incremental District No. 59 (Bronzeville Cultural and Entertainment District) and approving the terms of a Cooperation Agreement to implement the Project Plan, in the 6th Aldermanic District.
• Sponsors: ALD. MCGEE JR.
• Indexes: TAX INCREMENTAL DISTRICTS

Date	Ver.	Action By	Action	Result	Tally
10/6/2005	1	MAYOR	SIGNED
9/27/2005	1	COMMON COUNCIL	ADOPTED	Pass	14:1
9/23/2005	2	CITY CLERK	DRAFT SUBMITTED
9/20/2005	0		AMENDED; Minutes note: Speakers: Ald. McGee Rocky Marcoux, Jim Scherer and Rhonda Manuel - Dept. of City Development Mike Daun - Comptroller's Office Ald. Murphy moved to amend the resolution to change the total amount to $3, 617,350.		5:0
9/20/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
9/20/2005	2	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	AMENDED; Minutes note: Speakers: Ald. McGee Rocky Marcoux, Jim Scherer and Rhonda Manuel - Dept. of City Development Mike Daun - Comptroller's Office Ald. Murphy moved to amend the resolution to change the total amount to $3,617,350.	Pass	5:0
9/15/2005	1	CITY CLERK	DRAFT SUBMITTED
9/14/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/6/2005	0	COMMON COUNCIL	ASSIGNED TO

Number
050395
Version
SUBSTITUTE 2
Reference

Sponsor
ALD. MCGEE
Title
Substitute resolution approving a Project Plan and creating Tax Incremental District No. 59 (Bronzeville Cultural and Entertainment District) and approving the terms of a Cooperation Agreement to implement the Project Plan, in the 6th Aldermanic District.
Analysis
Adoption of this substitute resolution approves a tax incremental district Project Plan to redevelop the Bronzeville Cultural Arts and Entertainment District along West North Avenue from Martin Luther King Jr. Drive from Garfield to Center and the commercial corridor on Martin Luther King Jr. Drive from Garfield to Burleigh and authorizes a Cooperation Agreement with the Redevelopment Authority to implement the Project Plan. The Project Plan provides for $3,617,350 in funding for costs associated with the acquisition, site preparation, business development, housing incentives and installation of public improvements for the new development.
Body
Whereas, Chapter 105 of the Laws of 1975 of the State of Wisconsin, with amendments from other chapters of said Laws, created Section 66.1105, Wisconsin Statute titled “Tax Increment Law;“ and

Whereas, Section 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 Redevelopment Authority of the City of Milwaukee (“Redevelopment Authority”) must follow to create a Tax Incremental District (“TID”) and approve a Project Plan for the TID; and

Whereas, Pursuant to Section 66.1105(4)(a) through (gm), Wisconsin Statutes, the Redevelopment Authority conducted a public hearing on the Project Plan for the Bronzeville Cultural and Entertainment District Tax Incremental District (“District”), designated the boundaries of the District, recommended that the District be created and submitted such recommendation to the Common Council for approval with a proposed Project Plan for the District (“Plan”), a copy of...