City of Milwaukee - File #: 221814

• File #: 221814
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 3/21/2023
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 4/18/2023
• Title: Substitute resolution approving Amendment No. 1 to the Project Plan for Tax Incremental District No. 57 (Menomonee Valley-East Project), and authorizing additional funding and expenditures, in the 4th Aldermanic District.
• Sponsors: ALD. BAUMAN
• Indexes: TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
4/21/2023	1	MAYOR	SIGNED
4/18/2023	1	COMMON COUNCIL	ADOPTED	Pass	15:0
4/11/2023	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Lori Lutzka, Dept. of City Development Benjamin Timm, Dept. of City Development Ms. Lutzka and Mr. Timm gave a presentation.	Pass	4:0
4/3/2023	1	CITY CLERK	DRAFT SUBMITTED
3/21/2023	0	COMMON COUNCIL	ASSIGNED TO

Number
221814
Version
SUBSTITUTE 1
Reference
040781
Sponsor
ALD. BAUMAN
Title
Substitute resolution approving Amendment No. 1 to the Project Plan for Tax Incremental District No. 57 (Menomonee Valley-East Project), and authorizing additional funding and expenditures, in the 4th Aldermanic District.
Analysis
The Common Council of the City of Milwaukee created Tax Incremental District No. 57 in 2004 by adoption of Common Council File No. 040781 to redevelop approximately 20 acres, owned or controlled by the City of Milwaukee or Redevelopment Authority of the City of Milwaukee, at North 6th Street and West Canal Street. H-D Milwaukee, LLC, a company wholly owned by Harley-Davidson, developed a complex of buildings on these sites, including a museum, café, retail, banquet and restaurant space, archive and restoration structures and general office. The Project Plan provided funding for extraordinary site costs incurred in connection with the development. The costs included environmental remediation, dockwall repair, the incremental costs of supporting the proposed buildings on deep foundations, the cost of street vacations and utility relocations on the property and the cost of elevating the site above the floodplain.

The proposed Amendment No. 1 to the Project Plan would provide funding to extend West Mt. Vernon Avenue through three parcels located within one half-mile of the District’s boundaries that collectively represent approximately 10 acres of developable land for manufacturing or light industrial spaces. The Redevelopment Authority of the City of Milwaukee owns 260 North 12th Street and 825 West Hinman Street and the Wisconsin Department of Transportation owns 907 West Hinman Street. To make this site fully developable, the City of Milwaukee proposes to extend West Mt. Vernon Avenue onto the site as access is limited to a curbless private road without sewer and water utilities.

This substitute resolution approves Amendment No. 1 to TID No. 57, whic...