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File #: 080299    Version: 0
Type: Resolution Status: Passed
File created: 6/10/2008 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 2/9/2010
Effective date:    
Title: Resolution relating to the creation of a tax incremental district for the area bounded by W. Galena Street, W. State Street, N. 20th Street and N. 24th Street.
Sponsors: ALD. BAUMAN
Indexes: TAX INCREMENTAL DISTRICTS
Attachments: 1. Forecast of TID Cash Flow, 2. Preliminary Analysis, 3. Linden Hill Neighborhood Map, 4. Fiscal Note, 5. Fiscal Analysis, 6. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
2/18/20100 MAYOR RETURNED NOT SIGNED   Action details Meeting details Not available
2/9/20100 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Not available
2/2/20100 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Jim Sayers, Department of City Development Jan Grochowski, resident who lives across the street from Lynden Hill Roseanne Matthias, neighborhood resident
Pass5:0 Action details Meeting details Video Video
1/27/20100 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/27/20100 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/27/20100 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
7/22/20080 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIR

Minutes note: Held at the request of the sponsor.
Pass5:0 Action details Meeting details Video Video
7/15/20080 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/24/20080 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIRPass4:0 Action details Meeting details Video Video
6/18/20080 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/18/20080 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/10/20080 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
080299
Version
ORIGINAL
Reference

Sponsor
ALD. BAUMAN
Title
Resolution relating to the creation of a tax incremental district for the area bounded by W. Galena Street, W. State Street, N. 20th Street and N. 24th Street.
Analysis
This resolution directs the Department of City Development to take actions necessary for creation of a tax incremental district for the area bounded by W. Galena Street, W. State Street, N. 20th Street and N. 24th Street, including preparation of a draft project plan for the district as well as a Common Council resolution creating the district and approving the project plan. This district, which would be known as the “Lynden Hill Estates Tax Incremental District,” would focus on improving housing conditions in the neighborhood, including construction of owner-occupied infill housing, rehabilitation of existing owner-occupied housing and increasing the owner-occupancy rate.

The resolution directs the Department of City Development to submit the necessary documents to the Common Council within 90 days of the date of adoption of this resolution.
Body
Whereas, The neighborhood bounded by W. Galena Street, W. State Street, N. 20th Street and N. 24th Street suffers from an abundance of vacant lots and absentee-owned housing; and

Whereas, Because of its proximity to Downtown Milwaukee, other revitalizing or new residential neighborhoods (Lindsay Commons, Highland Homes, City Homes and Walnut Circle), and major employers with walk-to-work programs (Marquette University, Aurora Sinai Medical Center and AT&T), this neighborhood has great potential for a housing renaissance that includes new construction, rehabilitation of existing housing units and an increased rate of owner-occupancy; and

Whereas, Tax incremental financing is a development tool that can provide the financial resources and planning framework necessary for targeted, concentrated housing construction and rehabilitation activities; now, therefore, be it

Resolve...

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