Number
160894
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution creating Neighborhood Improvement District No. 7 (Harambee) and approving its Initial Operating Plan, in the 6th Aldermanic District.
Analysis
This substitute resolution establishes a Neighborhood Improvement District, pursuant to Wisconsin Statutes, for the area generally bounded by Capitol Drive on the north, Center Street on the south, I-94 on the west and North Holton Street on the east, excluding properties included in the Historic King Drive Business Improvement District and the Riverworks Business Improvement District. Also, this substitute 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 Harambee 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 Harambee 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 Neighborhood Improvement District No. 7 (Harambee) and the associated District Board are created; and, be it
Further Resolved, That the Initial Operating Plan for NID No. 7 is adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other aff...
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