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File #: 200598    Version: 0
Type: Resolution Status: Passed
File created: 9/1/2020 In control: COMMON COUNCIL
On agenda: Final action: 9/22/2020
Effective date:    
Title: Resolution approving a Project Plan and a Development Agreement, authorizing expenditures and creating Tax Incremental District No. 106 (McKinley School), in the 4th Aldermanic District.
Sponsors: ALD. BAUMAN
Indexes: TAX INCREMENTAL DISTRICTS
Attachments: 1. Fiscal Impact Statement, 2. TID 106 Project Plan, 3. Comptroller Response, 4. Hearing Notice List, 5. DCD PowerPoint
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
9/30/20200 MAYOR SIGNED   Action details Meeting details Not available
9/22/20200 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Video Video
9/15/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Maria Prioletta, Dept. of City Development Dave Misky, Dept. of City Development Ted Matkom, Gorman & Company
Pass5:0 Action details Meeting details Not available
9/10/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
8/26/20200 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
200598
Version
ORIGINAL
Reference

Sponsor
ALD. BAUMAN
Title
Resolution approving a Project Plan and a Development Agreement, authorizing expenditures and creating Tax Incremental District No. 106 (McKinley School), in the 4th Aldermanic District.
Analysis
Tax Incremental District No. 106 consists of a site totaling approximately 95,988 square feet, located at 2001 West Vliet Street. The District is being created to assist in the redevelopment and adaptive reuse of a former school building and the creation of 35 housing units and 4 single family homes.

The Tax Incremental District will provide funding in an amount up to $650,000 for environmental remediation and demolition costs for the school building and a cash grant to the developer of up to $300,000 to assist in the development of the single family homes.
Body
Whereas, Chapter 105 of the Laws of 1975 of the State of Wisconsin, with amendments from other chapters of said Laws, created Section 66.1105, Wisconsin Statutes, titled “Tax Increment Law;” and

Whereas, Section 66.1105(4) of the Tax Increment Law sets forth certain criteria that the Common Council of the City of Milwaukee (“Common Council”) and the Redevelopment Authority of the City of Milwaukee (“Authority”) must follow to create a Tax Incremental District (“TID” or “District”) and approve a Project Plan for a TID; and

Whereas, Pursuant to Section 66.1105(4)(a) through (gm), Wisconsin Statutes, on August 20, 2020 the Authority conducted a public hearing on the Project Plan for the District (“Plan”), designated the boundaries of the District and recommended that the District be created and the Authority submitted such recommendation to the Common Council for approval with the Plan for the District, a copy of which is attached to this Common Council File; and

Whereas, Under the provisions of Section 66.1105(4)(gm)4.a., Wisconsin Statutes, not less than 50 percent, by area, of the real property within a proposed TID must qualify a...

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