Number
100764
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. WITKOWIAK
Title
Substitute resolution creating Business Improvement District No. 47, Lincoln Village, and approving its first year Operating Plan, in the 12th Aldermanic District.
Analysis
This substitute resolution establishes a Business Improvement District, pursuant to Wisconsin Statutes, for the area along West Lincoln Avenue between 10th and 15th Streets and properties on South 13th Street and Windlake Avenue. This substitute resolution also adopts a first year Operating Plan and budget for the BID, creates a District Board and authorizes special assessments totaling $18,000 on taxable properties in the BID.
Body
Whereas, The Lincoln Village 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 Lincoln Village 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. 47, Lincoln Village, and the associated District Board are hereby created; and, be it
Further Resolved, That the first year Operating Plan for BID No. 47 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. 47 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. 47.
Drafter
DCD:RFM:rfm
10/19/10