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File #: Res.11-2506    Version: A Name: 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
Type: Resolution Status: Passed
File created: 4/18/2011 In control: City Attorney's Office
On agenda: Final action: 4/18/2011
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.
Sponsors: Gregory Helding
Related files: 11-6040
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.