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Subject: Consideration of a resolution designating the proposed boundaries and approving a project plan for the creation of Tax Incremental District No. 23, City of Racine, Wisconsin.
Recommendation of the City Plan Commission on 09-16-19: That the resolution designating the proposed boundaries and approving a project plan for the creation of Tax Incremental District No. 23., City of Racine, Wisconsin, be adopted.
Fiscal Note: Tax Incremental District No. 23 is expected to generate $6,618,101 of incremental revenue which would fund 75 percent ($4,476,783) residential homeowner rehab projects, 25 percent ($1,492,261) public infrastructure projects, and administrative costs of $649,058.
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