Number
100763
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. ZIELINSKI AND WITKOWIAK
Title
Substitute resolution creating Business Improvement District No. 46, Basilica Square, and approving its first year Operating Plan, in the 14th and 12th Aldermanic Districts.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area along West Lincoln Avenue between 5th and 7th Streets and properties at the intersection of West Hayes Street and South 6th Street. This substitute resolution also adopts a First Year Operating Plan and budget for the BID, creates a District Board and authorizes special assessments totaling $11,087 on taxable properties in the BID.
Body
Whereas, The Basilica Square 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 the Basilica Square business district to become self-sustaining; and
Whereas, Several property owners in the proposed BID have submitted petitions requesting the City to establish a BID in the area; and
Whereas, A first year Operating Plan has been prepared, a copy of which is attached to this Common Council File, which describes proposed activities within the District and which acts in accordance with applicable Wisconsin Statutes; and
Whereas, Said 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. 46, Basilica Square, and the associated District Board are hereby created; and, be it
Further Resolved, That the first year Operating Plan for BID No. 46 is hereby adopted; and, be it
Further Resolved, That the City Treasurer, City Comptroller and other affected departments are hereby directed to collect and disburse BID No. 46 assessments in accordance with said Operating Plan; and, be it
Further Resolved, That all City officials, departments, boards and commissions are directed to take all actions and provide such assistance, as needed, to carry out the intent and purpose of this resolution and the adopted Operating Plan for BID No. 46.
Drafter
DCD:RFM:rfm
10/19/10