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File #: 191951    Version: 0
Type: Resolution Status: Passed
File created: 4/14/2020 In control: COMMON COUNCIL
On agenda: Final action: 5/27/2020
Effective date:    
Title: Resolution approving Amendment No. 6 to the Project Plan for Tax Incremental Financing District No. 37 (Grand Avenue), in the 4th Aldermanic District, to allow donations to Tax Incremental District No. 51 (Granville Station), in the 9th Aldermanic District, Tax Incremental District No. 71 (Mitchell Street), in the 12th Aldermanic District and Tax Incremental District No. 72 (Bishop’s Creek), in the 1st and 7th Aldermanic Districts.
Sponsors: ALD. BAUMAN, ALD. PEREZ, ALD. LEWIS, ALD. RAINEY
Indexes: TAX INCREMENTAL DISTRICTS
Attachments: 1. TID 37 Amend 6 Project Plan, 2. Fiscal Impact Statement, 3. Comptroller Response, 4. TID 51 Granville Station Overview, 5. TID 71 Mitchell Street Overview, 6. TID 72 Bishop's Creek Overview, 7. PowerPoint Presentation, 8. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
6/10/20200 MAYOR SIGNED   Action details Meeting details Not available
5/27/20200 COMMON COUNCIL ADOPTED

Minutes note: Ald. Rainey added as a cosponsor.
Pass15:0 Action details Meeting details Video Video
5/19/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Dan Casanova, Dept. of City Development Joshua Benson, Comptroller's Office
Pass4:0 Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/14/20200 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
191951

Version
ORIGINAL

Reference
971894, 990115, 000430, 131580, 161313, 190545, 021332, 071132 and 081070

Sponsor
ALD. BAUMAN, PEREZ, LEWIS AND RAINEY

Title
Resolution approving Amendment No. 6 to the Project Plan for Tax Incremental Financing District No. 37 (Grand Avenue), in the 4th Aldermanic District, to allow donations to Tax Incremental District No. 51 (Granville Station), in the 9th Aldermanic District, Tax Incremental District No. 71 (Mitchell Street), in the 12th Aldermanic District and Tax Incremental District No. 72 (Bishop’s Creek), in the 1st and 7th Aldermanic Districts.

Analysis
This resolution approves Amendment No. 6 to the Project Plan for Tax Incremental District No. 37 (Grand Avenue) to provide up to $2,013,609 in donations to Tax Incremental District No. 51 (Granville Station), $2,658,175 in donations to Tax Incremental District No. 71 (Mitchell Street) and $2,572,552 in donations to Tax Incremental District No. 72 (Bishop’s Creek), totaling $7,244,336.

Body
Whereas, On June 16, 1998, the Common Council of the City of Milwaukee (“Common Council”) adopted File No. 971894, which approved a Project Plan and created Tax Incremental District No. 37 (“TID 37”); and

Whereas, On June 22, 1999, the Common Council adopted File No. 990115, which approved Amendment No. 1 to the District Project Plan (“Plan”); and

Whereas, On November 8, 2000, the Common Council adopted File No. 000430, which approved Amendment No. 2 to the Plan; and

Whereas, On April 2, 2014, the Common Council adopted File No. 131580, which approved Amendment No. 3 to the Plan; and

Whereas, On February 7, 2017, the Common Council adopted File No. 161313, which approved Amendment No. 4 to the Plan; and

Whereas, On July 30, 2019, the Common Council adopted File No. 190545, which approved Amendment No. 5 to the Plan; and

Whereas, On January 22, 2003, the Common Council adopted File No. 021332, which approved a Project Plan and created Tax Incremental Distri...

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