Madison, WI Header
File #: 31254    Version: 1 Name:
Type: Miscellaneous Status: Approved
File created: 8/14/2013 In control: TIF REVIEW BOARD
On agenda: Final action: 9/23/2013
Enactment date: Enactment #:
Title: RESOLUTION APPROVING THE USE OF THE “1/2 MILE RULE” FOR TID #43 (PARK / DRAKE)
Attachments: 1. TID #43 Council Resolution and Project Resolution, 2. 10206 - TID #43 - 2013 - 1_2 Mile rule - JRB rpt.doc.pdf
Title
RESOLUTION APPROVING THE USE OF THE "1/2 MILE RULE" FOR TID #43 (PARK / DRAKE)
Body
WHEREAS, the City of Madison has proposed expending $3,000,000 for the implementation of a Small Cap TIF program in TID #43, and;
 
WHEREAS, the City of Madison has planned to expend up to $3,000,000 as a part of this Small Cap TIF program in TID #43, and;
 
WHEREAS, some of the prospective expenditures may occur within ½ Mile of TID #43 (1/2 Mile expenditure area shown in the map attached to File ID #31254); and
 
WHEREAS, the Joint Review Board held an organizational meeting on August 21, 2013 to review the record for the draft project plan described; and
 
WHEREAS, the Joint Review Board met on September 18, 2013 to take action on the projects described; and
 
NOW, THEREORE BE IT RESOLVED, that the Tax Increment Finance District Joint Review Board for TID #43 hereby approves the proposed expenditure of up to $3,000,000 for the implementation of a Small Cap TIF program within ½ Mile of TID #43.