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Subject: Communication sponsored by Mayor Mason, for consideration and possible action on a "Resolution Designating Proposed Boundaries and Approval a Project Plan for Tax Incremental District No. 29, City of Racine, Wisconsin". (PHDC-22)
Recommendation of the Planning, Heritage, and Design Commission on 02-23-22: That the "Resolution Designating Proposed Boundaries and Approval a Project Plan for Tax Incremental District No. 29, City of Racine, Wisconsin" be approved.
Fiscal Note: Tax Incremental District No. 29 is projected to generate $924,499 of increment over its life for a period of 20 years, to fund projects identified in the project plan.
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