Number
211511
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. STAMPER
Title
Substitute resolution creating Neighborhood Improvement District No. 12 (Lindsay Heights), approving its Initial Operating Plan and authorizing expenditures, in the 15th Aldermanic District.
Analysis
This substitute resolution establishes a Neighborhood Improvement District, pursuant to Wisconsin Statutes, for the area bounded by North 20th Street to the west, North 6th Street to the east, West Locust Street to the north and West Walnut Street to the south, excluding properties included in the North Avenue Market Place Business Improvement District No. 32. Also, this substitute resolution adopts an Initial Operating Plan and budget for the Neighborhood Improvement District, creates a District Board and authorizes special assessments on taxable properties in the Neighborhood Improvement District.
Body
Whereas, The Lindsay Heights neighborhood is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Neighborhood Improvement District (“NID”), as authorized by Section 66.1110, Wisconsin Statutes, provides a financing method to allow the Lindsay Heights 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 NID 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 NID No. 12 (Lindsay Heights) and the associated District Board are created; and, be it
Further Resolved, That the Initial Operating Plan for NID No. 12 is adopted; and, be it
Further Resolved, That the ...
Click here for full text