City of Milwaukee - File #: 091248

• File #: 091248
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 1/20/2010
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 3/2/2010
• Title: Substitute resolution authorizing an expenditure and approving a Grant Agreement with the Redevelopment Authority of the City of Milwaukee for Tax Incremental District No. 71, Mitchell Street/551 West Historic Mitchell Street Project, in the 12th Aldermanic District.
• Sponsors: James N. Witkowiak
• Indexes: AGREEMENTS, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
3/9/2010	1	MAYOR	SIGNED
3/2/2010	1	COMMON COUNCIL	ADOPTED	Pass	12:0
2/23/2010	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Jim Scherer, Department of City Development Judy Keller, Executive Director of the Business Improvement District for Mitchell Street Ald. Witkowiak says that he is the owner of the building discussed in the resolution, so he will not be voting on the item.	Pass	3:0
2/17/2010	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
2/2/2010	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	5:0
1/28/2010	1	CITY CLERK	DRAFT SUBMITTED
1/27/2010	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/20/2010	0	COMMON COUNCIL	ASSIGNED TO

Number
091248
Version
SUBSTITUTE 1
Reference
071132
Sponsor
ALD. WITKOWIAK
Title
Substitute resolution authorizing an expenditure and approving a Grant Agreement with the Redevelopment Authority of the City of Milwaukee for Tax Incremental District No. 71, Mitchell Street/551 West Historic Mitchell Street Project, in the 12th Aldermanic District.
Analysis
This substitute resolution authorizes funding of a grant in the amount of $39,000 from TID No. 71 for interior and exterior renovations in connection with a restaurant proposed at 551 West Historic Mitchell Street. The space is currently vacant and the total renovation cost is estimated at $135,000.
Body
Whereas, The City of Milwaukee (“City”) and the Redevelopment Authority of the City of Milwaukee (“RACM”) have created Tax Incremental District No. 71, Mitchell Street (“District”), with the adoption of their respective resolution Nos. 071132 and 9969. The District consists of 281 properties located along, and generally one block north and south of West Historic Mitchell Street between South 5th Street and South 16th Street, plus a commercial area south of West Forest Home Avenue between South 13th Street and South 15th Street. The District contains nearly 2.3 million square feet of land area, excluding public rights-of-way, and encompasses the Historic Mitchell Street commercial district, including immediately adjacent residential areas and parking lots, which serve the retail businesses on the Street; and

Whereas, Funding provided by the Project Plan for the District totals $3,118,000 for the purposes of upgrading pedestrian lighting, installing median irrigation, security cameras and tree grates, along with funds for grants or loans to assist with catalytic private development opportunities in the District; and

Whereas, One of the projects proposed by Business Improvement District No. 4, in the District, is the restoration and renovation of the vacant commercial space at 551 West Historic Mitchel...