Madison, WI Header
File #: 42917    Version: 1 Name:
Type: Miscellaneous Status: Approved
File created: 5/12/2016 In control: TIF REVIEW BOARD
On agenda: Final action: 7/12/2016
Enactment date: Enactment #:
Title: RESOLUTION APPROVING AN EXPANSION OF THE USE OF THE “1/2 MILE RULE” FOR TID #43 (Park / Drake)
Attachments: 1. TID #43 - 1_2 Mile rule Greenbush Small Cap Expansion - JRB rpt.doc.pdf

Title

RESOLUTION APPROVING AN EXPANSION OF THE USE OF THE “1/2 MILE RULE” FOR TID #43

(Park / Drake)

 

Body

WHEREAS, the City of Madison has plans to expend up to $3,000,000 for the implementation of a Small Cap TIF program in TID #43, and;

 

WHEREAS, the City desires to add two additional blocks to the already approved ½ Mile expenditure area (shown on the attached map); and

 

WHEREAS, the Joint Review Board held an organizational meeting on May 18, 2016 to review the record for the draft project plan described; and

 

WHEREAS, the Joint Review Board met on July 12, 2016 to take action on the described additional ½ Mile expenditure area;

 

NOW, THEREORE BE IT RESOLVED, that the Tax Increment Finance District Joint Review Board for TID #43 hereby approves the additional expenditure area be added to the already approved use of up to $3,000,000 for the implementation of a Small Cap TIF program within ½ Mile of TID #43.