Title
Resolution to approve Amendment Number Three to the Project Plan for Tax Incremental District Number Seven, City of West Allis, Wisconsin.
Body
WHEREAS, the Common Council, by Resolution No. R-2004-0037, on February 18, 2004, adopted the Project Plan for Tax Incremental District Number Seven, on May 3, 2005 adopted Amendment Number One to Tax Incremental District Number Seven by Resolution No. R-2005-0160 and on November 20, 2007 adopted Amendment Number Two to Tax Incremental District Number Seven by Resolution No. R-2007-0281, City of West Allis, Wisconsin; and,
WHEREAS, the Community Development Authority of the City of West Allis (the "Authority") has prepared, adopted and submitted to the Common Council a proposed Amendment to the Project Plan (2009-0061 dated February 3, 2009); and,
WHEREAS, the Amendment will provide $1.5 million in tax incremental financing funds for offsite improvements and administrative fees. The proposed improvements would create an ingress/egress corridor through the abutting shopping center to the south to connect the Summit Place office complex to W. Greenfield Ave. as an alternate access to the office complex; and,
WHEREAS, the proposed off-site ingress/egress corridor is an eligible Tax Incremental Financing project cost pursuant to the provisions of State Statutes 66.1105(2)(f)1.n., which provides that "project costs incurred for territory that is located within a one-half mile radius of the district's boundaries and within the city that created the district" can be a project cost of a Tax Incremental Finance District.
WHEREAS, the Authority has duly noticed and held a public hearing at which all interested parties were afforded a reasonable opportunity to express their views on the proposed Amendment, pursuant to sec. 66.1105(4)(h) of the Wisconsin Statutes; and,
WHEREAS, the Chief Executive Officers or Administrators of all local governmental entities having the power to levy school taxes on the pro...
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