Number
060755
Version
ORIGINAL
Reference
Sponsor
ALD. WITKOWSKI
Title
Resolution creating Business Improvement District No. 40 (Airport Gateway) and approving its First Year Operating Plan.
Analysis
This resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area generally bounded by Layton Avenue on the north, College Avenue on the south, the Milwaukee/Cudahy line on the East and 13th Street on the west, in the 13th Aldermanic District. This resolution also adopts a first year Operating Plan and budget for the BID, creates a District Board and authorizes special assessments totaling $316,800 on taxable properties in the BID.
Body
Whereas, The Airport Gateway 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 Airport Gateway 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 acts 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. 40 (Airport Gateway) and the associated District Board are created; and, be it
Further Resolved, That the initial Operating Plan for BID No. 40, 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 directed to collect and disburse BID No. 40 assessments in accordance with the Operating Plan; and, be it
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