Number
221289
Version
ORIGINAL
Reference
090563, 100993
Sponsor
ALD. SPIKER
Title
Resolution approving Amendment No. 2 to the Project Plan for Tax Incremental District No. 76 (South 27th Street and West Howard Avenue), and authorizing additional funding and expenditures, in the 13th Aldermanic District.
Analysis
Tax Incremental District No. 76 was created in 2009 for the purpose of facilitating the redevelopment of the former Foster Pontiac property at 3636 South 27th Street, including the reuse of the vacant building into 27,000 square feet of retail space and an outlot development of 8,000 square feet of additional retail space. The district was amended in 2011 for the purpose of facilitating a scaled down version of the original development plan, created 19,500 square feet of retail space, including an anchor business in the original plan, a 6,500 square foot Buffalo Wild Wings restaurant. This proposed Amendment No. 2 to Tax Incremental District No. 76 would provide up to $880,000 for public infrastructure improvements, and $100,000 for administration.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) adopted File No. 090563, on December 22, 2009 which approved a Project Plan (“Plan”) and created Tax Incremental District No. 76, South 27th Street and West Howard Avenue (“TID No. 76” or “District”); and
Whereas, The Common Council adopted File No. 100993 January 19, 2011, which approved Amendment No. 1 to the Plan for the District; and
Whereas, Pursuant to Section 66.1105(4)(h)(1), Wisconsin Statutes, on December 15, 2022, the Redevelopment Authority of the City of Milwaukee conducted a public hearing on Amendment No. 2 to the 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...
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