City of Racine - File #: 1082-19

• File #: 1082-19
• Version: A
• Type: Communication
• Status: Passed
• File created: 9/13/2019
• In control: City Plan Commission
• On agenda: 9/30/2019
• Final action: 9/30/2019
• Title: Subject: Consideration of a resolution designating the proposed boundaries and approving a project plan for the creation of Tax Incremental District No. 22, City of Racine, Wisconsin. Recommendation of the City Plan Commission on 09-16-19: That the resolution designating the proposed boundaries and approving a project plan for the creation Tax Incremental District No. 22., City of Racine, Wisconsin, be adopted. Fiscal Note: TID No. 22 is expected to generate $20,656,360 of incremental revenue to fund 75 percent ($14,742,270) housing rehab projects and 25 percent ($4,914,090) of public infrastructure projects as well as administrative costs of $1,000,000.

Date	Ver.	Action By	Action	Result
9/30/2019	A	Common Council	Approved	Pass
9/16/2019	A	City Plan Commission	Recommended For Approval

Title

Subject: Consideration of a resolution designating the proposed boundaries and approving a project plan for the creation of Tax Incremental District No. 22, City of Racine, Wisconsin.

Recommendation of the City Plan Commission on 09-16-19: That the resolution designating the proposed boundaries and approving a project plan for the creation Tax Incremental District No. 22., City of Racine, Wisconsin, be adopted.

Fiscal Note: TID No. 22 is expected to generate $20,656,360 of incremental revenue to fund 75 percent ($14,742,270) housing rehab projects and 25 percent ($4,914,090) of public infrastructure projects as well as administrative costs of $1,000,000.