City of Racine - File #: 12-8241

• File #: 12-8241
• Version: A
• Name: TID No. 5 Termination Request (Res. No. 12-3380)
• Type: Communication
• Status: Passed
• File created: 10/4/2012
• In control: City Plan Commission
• Final action: 10/16/2012
• Title: Subject: (Direct Referral) Communication from the Director of CIty Development requesting the termination of Tax Incremental District No. 5 (Olsen Industrial Park). (PC-12) (Res. No. 12-3380) Recommendation of the City Plan Commission on 10-10-12: That the TID No. 5 Termination Resolution be approved. Fiscal Note: TID No. 5 (Olsen Industrial Park) was created in 1985. The Wisconsin TID Law provides a maximum lifespan of 27 years for such TIDs and the district now must be closed out. This resolution provides authorization for the appropriate city officials to complete the close out process and reporting.
• Related files: Res.12-3380

Date	Ver.	Action By	Action	Result
10/16/2012	A	Common Council	Approved as Presented	Pass
10/10/2012	A	City Plan Commission	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Communication from the Director of CIty Development requesting the termination of Tax Incremental District No. 5 (Olsen Industrial Park). (PC-12) (Res. No. 12-3380)

Recommendation of the City Plan Commission on 10-10-12: That the TID No. 5 Termination Resolution be approved.

Fiscal Note: TID No. 5 (Olsen Industrial Park) was created in 1985. The Wisconsin TID Law provides a maximum lifespan of 27 years for such TIDs and the district now must be closed out. This resolution provides authorization for the appropriate city officials to complete the close out process and reporting.