Sponsor
Alderman Helding
Title
Per Wisconsin State Stat. sec. 66.1109 (4m), the threshold to terminate the West Racine Business Improvement District (BID No. 2) has been met thereby West Racine Business Improvement District (BID No. 2) be terminated
Resolved, that the Racine City Plan Commission has determined that per Wisconsin State Stat. sec. 66.1109(4m), the threshold to terminate the West Racine Business Improvement District (BID No. 2) has been met.
Further resolved, that the Business Improvement District (BID No. 2) shall be considered terminated on the date the obligation with the latest completion date entered into to implement the operating plan expires.
Fiscal Note: Expended BID No. 2 funds will be returned to affected property owners within BID No. 2.