City of Racine - File #: 06-2454

• File #: 06-2454
• Version: A
• Name: TID for 1014 Martin Luther King. Jr. Drive
• Type: Communication
• Status: Passed
• File created: 8/30/2006
• In control: Standing Joint Review Board
• Final action: 12/19/2006
• Title: Subject: Direct Referral. Request from the Executive Director of Neighborhood Housing Services requesting the creation of a tax increment financing district to assist in the redevelopment at 1014 Martin Luther King, Jr. Drive. Recommendation: Reports, pursuant to sec. 66.1105 (4m) (b), Wisconsin Statutes, that the Joint Review Board met on August 30, 2006 and approved the creation of Tax Increment District No. 15 as described in your Resolution No. 06-7185, and affirms that the development proposed in the project plan for the district would not occur without the creation of the district, and Recommends that the item be received and filed because the district is now established. Fiscal Note: This “pay as you go” TID has an estimated cost of $191,700.00.
• Related files: 06-2188

Date	Ver.	Action By	Action	Result
12/19/2006	A	Common Council	Approved as Presented	Pass
8/30/2006	A	Standing Joint Review Board	Recommended to be Received and Filed	Pass

Title

Subject:  Direct Referral.  Request from the Executive Director of Neighborhood Housing Services requesting the creation of a tax increment financing district to assist in the redevelopment at 1014 Martin Luther King, Jr. Drive.

Recommendation: Reports, pursuant to sec. 66.1105 (4m) (b), Wisconsin Statutes, that the Joint Review Board met on August 30, 2006 and approved the creation of Tax Increment District No. 15 as described in your Resolution No. 06-7185, and affirms that the development proposed in the project plan for the district would not occur without the creation of the district, and

Recommends that the item be received and filed because the district is now established.

Fiscal Note: This “pay as you go” TID has an estimated cost of $191,700.00.