Number
201473
Version
ORIGINAL
Reference
060961, 091567
Sponsor
THE CHAIR
Title
Resolution approving Amendment No. 2 to the Project Plan for Tax Incremental District No. 70, 735 North Water Street, in the 4th Aldermanic District.
Analysis
This resolution approves Amendment No. 2 to TID No. 70, which authorizes the expenditure of $250,000 in additional project funding for dockwall repairs.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) adopted File No. 060961 on September 5, 2007, which approved a Project Plan (“Plan”) and created Tax Incremental District No. 70, 735 North Water Street (“TID No. 70” or “District”); and
Whereas, The Common Council adopted File No. 091567 on May 25, 2010, which approved Amendment No. 1 to the Project Plan for the District; and
Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, on February 18, 2020, the Redevelopment Authority of the City of Milwaukee (“Authority”) conducted a public hearing on Amendment No. 2 to the Project 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 amendment to a Project Plan shall be approved by the Common Council with the adoption of a resolution, which contains findings that such amendment is feasible and in conformity with the Master Plan of the City of Milwaukee (“City”); and
Whereas, The Amendment will fund dockwall repairs at Mason Street and Wisconsin Avenue; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that it finds and determines as follows:
1. The Amendment retains the existing boundaries of the District and does not alter the number of properties within the District. Therefore, the findings made in File No. 060961, pursuant to Section 66.1105(4)(gm)l and 4, Wisconsin S...
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