Number
090331
Version
Substitute 1
Reference
930935, 990110
Sponsor
ALD. KOVAC AND COGGS
Title
Substitute resolution approving Amendment No. 2 to the Project Plan for Tax Incremental District No. 22, Beerline “B,” in the 3rd and 6th Aldermanic Districts.
Analysis
This substitute resolution fulfills statutory requirements for amending the Project Plan for Tax Incremental District No. 22. The amendment revises the Project Plan and expands the existing boundary to provide assistance for additional redevelopment along the Milwaukee River between approximately East Cherry Street and East North Avenue. This resolution authorizes the Commissioner of the Department of City Development, other public officials, and the Redevelopment Authority of the City of Milwaukee to take such actions as are necessary to accomplish the objectives of the amended Project Plan and authorizes the City Comptroller to create the necessary and appropriate subaccounts for Plan implementation.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) on December 22, 1993 adopted File No. 930935, which approved a Project Plan (“Plan”) and created Tax Incremental District No. 22, Beerline “B,” (“TID No. 22” or “District”); and
Whereas, The Common Council on July 22, 1999 adopted File No. 990110, which approved Amendment No. 1 to the Plan for TID No. 22 to expand the District boundaries and allow for the District to provide financial assistance for additional redevelopment in the Beerline “B;” and
Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, the Redevelopment Authority of the City of Milwaukee (“Authority”) conducted a public hearing on Amendment No. 2 to the Plan for the District (“Amendment”), approved such Amendment by resolution and submitted such Amendment, a copy of which is attached to this Common Council File, to the Common Council for its approval; and
Whereas, Section 66.1105(4)(g) and (h)(1), Wisconsin Statutes, provides that an amen...
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