Number
230316
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution creating Business Improvement District No. 54 (Fond du Lac Avenue) and approving its Initial Operating Plan, in the 7th Aldermanic District.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Section 66.1109, Wisconsin Statutes, for the area generally following West Fond du Lac Avenue from North 36th Street to West Capitol Drive. Also, this resolution approves an Initial Operating Plan and budget for the BID, creates a District Board and authorizes special assessments on taxable properties in the BID.
Body
Whereas, The Fond du Lac Avenue business district is a vital and integral part of the City of Milwaukee (“City”); and
Whereas, A Business Improvement District (“BID”), 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 BID and which acts in accordance with Section 66.1109, 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 Business Improvement District No. 54 (Fond du Lac Avenue) and the associated District Board are created; and, be it
Further Resolved, That the Initial Operating Plan for BID No. 54 is adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other affected departments are directed to collect and disburse BID No. 54 assessments in accordance with the Initial Operating Plan; and, b...
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