Number
160664
Version
ORIGINAL
Reference
Sponsor
ALD. PEREZ AND ZIELINSKI
Title
Resolution creating Business Improvement District No. 51 (Harbor District) and approving its Initial Operating Plan, in the 12th and 14th Aldermanic Districts.
Analysis
This resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area bounded by East Bruce Street on the north, South First Street on the west, Bay Street on the south and the Milwaukee Mooring Basin and Kinnickinnic and Milwaukee Rivers on the east. Also, this resolution approves an Initial Operating Plan and budget for the BID, creates a District Board and authorizes special assessments on taxable properties in the BID.
Body
Whereas, The Harbor District business district is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Business Improvement District (“BID” or “District”), as authorized by Section 66.1109, Wisconsin Statutes, provides a financing method to allow a business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting that the City establish a BID in the area; and
Whereas, An Initial Operating Plan, a copy of which is attached to this Common Council File, has been prepared that describes the 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 Business Improvement District No. 51 (Harbor District) and the associated District Board are created; and, be it
Further Resolved, That the Initial Operating Plan for BID No. 51 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. 51 assessments in ac...
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