Sponsor
Alderman Spangenberg
Title
PAYMENT IN LIEU OF TAXES AGREEMENT WITH FUTURE WISCONSIN OAKWOOD LLC AND WISCONSIN OAKWOOD LLC
Body
RESOLVED, that the Mayor and City Clerk be authorized and directed to enter into agreements with Future Wisconsin Racine, Inc. for an $8,500 annual payment in lieu of tax for property at 5539 Byrd Avenue and Future Wisconsin Oakwood, LLC for a $15,500 annual payment in lieu of tax for properties at 5501 and 5001 Byrd Avenue.
Fiscal Note
Fiscal Note: The agreement will generate additional annual revenue of $24,000.