City of Racine - File #: 1036-23

• File #: 1036-23
• Version: A
• Name: Subject: Communication sponsored by Alder Coe for review and approval of the 2024 Operating Plan for Business Improvement District No. 1, Downtown. Staff Recommendation: That the 2024 Operating Plan for Business Improvement District No. 1, Downtown, b
• Type: Communication
• Status: Passed
• File created: 10/25/2023
• In control: Finance and Personnel Committee
• On agenda: 11/7/2023
• Final action: 11/7/2023
• Title: Subject: Communication sponsored by Alder Coe, requesting permission to present the 2024 Operating Plan for Business Improvement District No. 1, Downtown for review and approval. Recommendation of the Finance and Personnel Committee on 10-30-2023: That the 2024 Operating Plan for Business Improvement District No. 1, Downtown, be approved. Further, that the Finance Director be authorized and directed to include the District’s special charges on the 2023 property tax bills of affected parcels. Fiscal Note: It is estimated that $267,000 will be raised through bid assessments that will be placed into the Downtown Business Improvement District’s revenue account.

Date	Ver.	Action By	Action	Result
11/7/2023	A	Common Council	Approved as Presented	Pass
10/30/2023	A	Finance and Personnel Committee	Recommended For Approval

Title

Subject: Communication sponsored by Alder Coe, requesting permission to present the 2024 Operating Plan for Business Improvement District No. 1, Downtown for review and approval.

Recommendation of the Finance and Personnel Committee on 10-30-2023: That the 2024 Operating Plan for Business Improvement District No. 1, Downtown, be approved. Further, that the Finance Director be authorized and directed to include the District’s special charges on the 2023 property tax bills of affected parcels.

Fiscal Note: It is estimated that $267,000 will be raised through bid assessments that will be placed into the Downtown Business Improvement District’s revenue account.