Title
Subject: Communication from Karen Sorenson requesting termination of the West Racine Business Improvement District (BID No. 2). (Res.11-2506)
PLAN COMMISSION RECOMMENDATION OF APRIL 13, 2011:
That the Plan Commission has determined that per Wisconsin State Statute 66.1109(4m) the threshold to terminate the West Racine Business Improvement District (BID No. 2) has been met, and recommends the Common Council introduce a resolution to terminate the West Racine Business Improvement District (BID No. 2).
Further, that the business improvement district shall be considered terminated on the date the obligation with the latest completion date entered into to implement the operating plan expires.
FISCAL NOTE: Unexpended BID No. 2 funds will be returned to affected property owners within BID No. 2