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File #: 1083-19    Version: A Name:
Type: Communication Status: Passed
File created: 9/13/2019 In control: City Plan Commission
On agenda: 9/30/2019 Final action: 9/30/2019
Title: 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.
Attachments: 1. TID No. 23 Project Plan_DRAFT_2019-9-10.pdf, 2. TID 23 PC Res (Draft).pdf, 3. 9.30.19 TID 23 Res FINAL.pdf, 4. #1083-19 Resolution

Title

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.