Number
220632
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. BAUMAN
Title
Substitute resolution creating Business Improvement District No. 53 (Deer District), and approving its Initial Operating Plan, in the 4th Aldermanic District.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area generally bounded by North 6th Street to the west but including the Froedtert and the Medical College of Wisconsin Sports Science Center which is located further west, just south of West Fond Du Lac Avenue and north of West Winnebago Street and West Juneau Avenue; West Juneau Avenue, West State Street and West Highland Avenue to the south; North Old World Third Street and North Vel R. Phillips Avenue to the east; and West McKinley Avenue and West Fond Du Lac Avenue to the north. Also, this resolution approves an Initial Operating Plan and budget for the Business Improvement District, creates a District Board and authorizes special assessments on taxable properties in the Business Improvement District.
Body
Whereas, The Deer District business district is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Business Improvement District (“BID” or “District”), as authorized by Section 66.1109, Wisconsin Statutes, provides a financing method to allow a business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting that the City establish a BID in the area; and
Whereas, An Initial Operating Plan, a copy of which is attached to this Common Council File, has been prepared that describes the proposed activities within the District 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 BID No...
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