Number
160663
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. PEREZ
Title
Substitute resolution creating Neighborhood Improvement District No. 8 (Walker’s Point) and approving its Initial Operating Plan, in the 12th Aldermanic District.
Analysis
This resolution establishes a Neighborhood Improvement District, pursuant to Wisconsin Statutes, for the area bounded by South 3rd Street on the west, West Greenfield Avenue on the south, the railroad or the Milwaukee River on the east and West Seeboth Street on the north. Also, this resolution adopts an Initial Operating Plan and budget for the NID, creates a District Board and authorizes special assessments on taxable properties in the NID.
Body
Whereas, The Walker’s Point neighborhood is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Neighborhood Improvement District (“NID” or “District”), as authorized by Section 66.1110, Wisconsin Statutes, provides a financing method to allow the Walker’s Point neighborhood to become self-sustaining; and
Whereas, Several property owners in the proposed NID have submitted petitions requesting the City to establish a NID in the area; and
Whereas, An Initial Operating Plan has been prepared, a copy of which is attached to this Common Council File, which describes proposed activities within the District and which acts in accordance with applicable Wisconsin Statutes; and
Whereas, Said Initial 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 NID No. 8 and the associated District Board are created; and, be it
Further Resolved, That the Initial Operating Plan for NID No. 8 is adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other affected departments are directed to collect and disburse NID No. 8 assessments in accordance with the Initial Operating Plan; and, be it
Further Res...
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