City of Madison - File #: 29897

• File #: 29897
• Version: 1
• Name: 10050 - TID #32 Third Amendment
• Type: Resolution
• Status: Passed
• File created: 4/23/2013
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 5/21/2013
• Final action: 5/21/2013
• Enactment date: 5/22/2013
• Enactment #: RES-13-00372
• Title: Resolution approving the third amendment to the project plan and boundary for Tax Incremental District (TID) #32 (Upper State Street).
• Sponsors: Michael E. Verveer

Date	Ver.	Action By	Action	Result
5/21/2013	1	COMMON COUNCIL	Adopt	Pass
5/13/2013	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
5/6/2013	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
4/30/2013	1	COMMON COUNCIL	Refer	Pass
4/23/2013	1	Economic Development Division	Referred for Introduction

Fiscal Note
No appropriation is required.
Title
Resolution approving the third amendment to the project plan and boundary for Tax Incremental District (TID) #32 (Upper State Street).
Body
WHEREAS Chapter 105 of the Laws of 1975 of the State of Wisconsin created the Tax Increment Law, Section 66.1105, Wisconsin Statutes; and

WHEREAS said Law sets forth certain steps which must be followed to amend a Tax Incremental Finance District and approve an amended Project Plan; and

WHEREAS the Third Amendment to Tax Incremental Finance District #32 is described below; and

WHEREAS a Notice of Public Hearing by the Plan Commission to afford interested parties an opportunity to express their views on the Third Amendment of the District and Project Plan for Tax Incremental Finance District #32 was published in the Wisconsin State Journal on April 19 and April 26, 2013 as required by said Law; and

WHEREAS a Notice of Public Hearing by the Plan Commission was mailed to all property owners within the boundaries of the proposed Third Amendment of TID #32 on April 16, 2013 in conformance to TIF Law; and

WHEREAS prior to publication of the Notice of Public Hearing a copy of the Notice was sent by first-class mail to each of the chief executive officers or administrators of all local governmental entities having the power to levy taxes on property within the proposed Third Amendment to Tax Incremental Finance District #32; and

WHEREAS the Plan Commission of the City of Madison held a public hearing on May 6, 2013, at which interested parties were afforded an opportunity to express their views on the proposed Third Amendment to the Project Plan for Tax Incremental District #32; and

WHEREAS the Plan Commission has made the following findings as indicated in the attached report:

1. No less than 50%, by area, of the real property within the boundaries of the Third Amendment to Tax Incremental District is blighted within the meaning of 66.1105(2), Wisconsin Statutes.

2. The im...