Number
070719
Version
SUBSTITUTE 1
Reference
921490, 050709
Sponsor
ALD. WADE, HAMILTON AND HINES
Title
Substitute resolution authorizing an expenditure and approving a Public Improvement Development and Maintenance Agreement for Business Improvement District No. 37 (30th Street Industrial Corridor), in the 1st, 4th, 7th and 15th Aldermanic Districts.
Analysis
This substitute resolution approves a streetscape improvement project proposed by Business Improvement District No. 37 to enhance the commercial corridor along Capitol Drive between 27th Street to 35th Street and at designated intersections on 35th Street and 27th Street near Capitol Drive.
Body
Whereas, On October 18, 2005, the Common Council of the City of Milwaukee (“Common Council”) created Business Improvement District No. 37 (“BID No. 37”) via File No. 050709 and approved its first year Operating Plan; and
Whereas, The first year Operating Plan for BID No. 37 called for the BID Board to enter into an agreement with the City of Milwaukee (“City”) for the financing, installation and maintenance of a mutually acceptable streetscape improvement project for the 30th Street Industrial Corridor BID; and
Whereas, The 2007 Capital Budget for the City contains $500,000 in the Neighborhood Commercial District Street Improvement Fund and $500,000 in the Business Improvement District Fund; and
Whereas, The Common Council adopted File No. 921490, which established guidelines for the use of the Neighborhood Commercial District Street Improvement Fund; and
Whereas, The proposed project meets those guidelines; and
Whereas, A Public Improvement Development and Maintenance Agreement Term Sheet for said streetscaping project, a copy of which is attached to this Common Council File, has been prepared with the participation of the BID No. 37 Board and City departments; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the proper City officials are directed to draft said A...
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