Sponsor
Alderman Helding
Title
Business Improvement District No. 4, Douglas Avenue, be created and operating plan adopted
Whereas, an owner of commercial property in the Douglas Avenue commercial area, pursuant to Wis. Stat. sec. 66.1109 (2) (a), petitioned the City of Racine for the creation of a business improvement district for the area; and
Whereas, on August 27, 2008, the City Plan Commission conducted a public hearing on the creation of the district and its initial operating plan, and following the public hearing, recommended the creation of the district and adoption of the operating plan; and
Whereas, the required thirty day period between the public hearing and action by the Common Council has elapsed.
Resolved by the Common Council of the City of Racine that Business Improvement District No. 4, Douglas Avenue, is created and its initial operating plan is adopted.
Further resolved, that the Mayor is authorized and directed to appoint members to the district board pursuant to Wis. Stat. sec. 66.1109 (3) (a) and the adopted operating plan.
Further resolved, that the Finance Director is authorized and directed to collect the special assessments on the properties in the district in the amounts and manner described in the adopted operating plan.
Fiscal Note: The operating plan calls for total special assessments of $68,855.88 on the properties in the district.