City of Milwaukee - File #: 221926

• File #: 221926
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 4/18/2023
• In control: COMMON COUNCIL
• Final action: 5/9/2023
• Title: Substitute resolution authorizing additional funding and expenditures for Tax Incremental District No. 100 (Zillman Park), in the 14th Aldermanic District.
• Sponsors: ALD. DIMITRIJEVIC, ALD. MURPHY, ALD. BAUMAN, ALD. STAMPER, ALD. ZAMARRIPA, ALD. BROSTOFF
• Indexes: TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
5/16/2023	1	MAYOR	SIGNED
5/9/2023	1	COMMON COUNCIL	ADOPTED	Pass	15:0
5/2/2023	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Alyssa Remington, Dept. of City Development Ald. Marina Dimitrijevic, 14th Ald. Dist. Joe Kaltenberrg, Dept. of Public Works & MKE Plays A presentation was made. Ald. Murphy, Bauman, Stamper, Zamarripa, and Brostoff added as cosponsors.	Pass	5:0
4/24/2023	1	CITY CLERK	DRAFT SUBMITTED
4/18/2023	0	COMMON COUNCIL	ASSIGNED TO

Number
221926
Version
SUBSTITUTE 1
Reference
190787
Sponsor
ALD. Dimitrijevic, Murphy, Bauman, Stamper, Zamarripa and Brostoff
Title
Substitute resolution authorizing additional funding and expenditures for Tax Incremental District No. 100 (Zillman Park), in the 14th Aldermanic District.
Analysis
This substitute resolution authorizes $430,000 in additional project costs within Tax Incremental District No. 100 for the construction of public amenities in a redesigned Zillman Park. The funding for the redesign of the park was originally approved with the creation of the Tax Incremental District. Public input led to plan modifications to better suit the needs of the surrounding neighborhood. Construction costs have increased significantly since the creation of this District in 2019. This substitute resolution accounts for the improved design and cost increases associated with the construction of the project.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) approved the creation of Tax Incremental District No. 100 (Zillman Park) (“TID No. 100”) on September 24, 2019; and

Whereas, The Common Council, in accordance with Section 304-93 of the Milwaukee Code of Ordinances (“MCO”), desires to provide an additional $430,000 from TID No. 100 to cover increased costs related to the redesign and construction of public amenities at Zillman Park; and

Whereas, Funds approved to date are in the amount of $550,000, and will be increased to $980,000, plus capitalized interest; and

Whereas, In accordance with Section 304-93-4-d of the MCO, the Project Plan for the TID and the Department of City Development both estimate that the total tax incremental district expenditures will be $980,000 and the total authorized expenditures, after adoption of this substitute resolution, will be $980,000, plus capitalized interest; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the TID No. 100 expenditure limit is estab...