City of Milwaukee - File #: 211609

• File #: 211609
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 2/8/2022
• In control: COMMON COUNCIL
• Final action: 3/1/2022
• Title: Resolution approving Amendment No. 3 to the Project Plan, authorizing expenditures for Tax Incremental District No. 42 (Capitol Court/Midtown Center), in the 2nd Aldermanic District and to allow donations to Tax Incremental District No. 74 (North 35th Street and West Capitol Drive), in the 7th Aldermanic District.
• Sponsors: ALD. JOHNSON
• Indexes: TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
3/8/2022	0	MAYOR	SIGNED
3/1/2022	0	COMMON COUNCIL	ADOPTED	Pass	14:0
2/22/2022	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Dan Casanova, DCD A presentation was given on Amendment No. 3 to the Project Plan for TID 42 (Capitol Court/Midtown Center).	Pass	5:0
2/8/2022	0	COMMON COUNCIL	ASSIGNED TO

Number
211609
Version
ORIGINAL
Reference
000806, 010319, 130071, 090325 and 140437
Sponsor
ALD. JOHNSON
Title
Resolution approving Amendment No. 3 to the Project Plan, authorizing expenditures for Tax Incremental District No. 42 (Capitol Court/Midtown Center), in the 2nd Aldermanic District and to allow donations to Tax Incremental District No. 74 (North 35th Street and West Capitol Drive), in the 7th Aldermanic District.
Analysis
Tax Incremental District No. 42 was created in 2000 to provide $4,500,000 towards redeveloping the former Capital Court shopping mall into what is now called Midtown Center. In 2001, the District was amended to provide an additional $6,500,000 in public infrastructure for Midtown Center. In 2013, the District was amended to create a $3,300,000 development fund and provide $2,125,000 for street repaving. Tax Incremental District No. 74 (North 35th Street and West Capitol Drive) was created in 2009 to assist in the redevelopment of the former Tower Automotive site and was amended in 2014 to reset its base value. This proposed Amendment No. 3 to TID No. 42 would provide up to $2,900,000 for public infrastructure improvements, $100,000 for administration and up to $5,605,275 in donations to TID No. 74.
Body
Whereas, On November 28, 2000, the Common Council of the City of Milwaukee (“Common Council”) adopted File No. 000806, which approved a Project Plan and created Tax Incremental District No. 42 (Capitol Court/Midtown Center) (the “District”); and

Whereas, On August 2, 2001, the Common Council adopted File No. 010319, which approved Amendment No. 1 to the District; and

Whereas, On July 2, 2013 the Common Council adopted File No. 130071, which approved Amendment No. 2 for the District; and

Whereas, On September 1, 2009, the Common Council adopted File No. 090325, which approved a Project Plan and created Tax Incremental District No. 74 (North 35th Street and West Capitol Drive) (the “TID 74”) to assist in the redevelopment...