Number
080181
Version
SUBSTITUTE 1
Reference
070799
Sponsor
ALD. WITKOWSKI
Title
Substitute resolution approving the 2008 Revised Operating Plan for Business Improvement District No. 40 (Airport Gateway), in the 13th Aldermanic District.
Analysis
This substitute resolution approves the 2008 Revised Operating Plan and budget for BID No. 40 and authorizes special assessments totaling $351,800 on taxable properties in the BID.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) created Business Improvement District No. 40 (“BID No. 40”) via File No. 060755 on October 24, 2006, as authorized by Section 66.1109, Wisconsin Statutes, to provide a financing method to allow the Airport Gateway business district to become self-sustaining; and
Whereas, BID No. 40 is a vital and integral part of the City of Milwaukee; and
Whereas, The 2008 Operating Plan for BID No. 40 was adopted by the Common Council via File No. 070799 on October 23, 2007; and
Whereas, The Board of BID No. 40 has now submitted for adoption a 2008 Revised Operating Plan and budget, a copy of which is attached to this Common Council File, which authorizes special assessments totaling $351,800 on taxable properties in the BID; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the 2008 Revised Operating Plan for Business Improvement District No. 40 (Airport Gateway) and associated budget are 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 2008 Revised Operating Plan; and, be it
Further Resolved, That all City officials, departments, boards and commissions are directed to take all actions and provide such assistance as needed to carry out the intent and purpose of this resolution and the adopted 2008 Revised Operating Plan for BID No. 40.
Drafter
DCD:RFM:rfm
05/30/08