Fiscal Note
Council adopted RES-19-00107 (File 53924) authorized an Early Attachment and Revenue Sharing Agreement with the Town of Burke for the property outlined by this ordinance. Per adopted RES-19-00107, the City of Madison and Town of Burke agree that equally splitting the local share of property tax revenues from the Development is appropriate, provided that at a minimum the Town shall receive the amount it would otherwise collect if the property remained in the Town. The 2018 Town of Burke property taxes for the two parcels totaled $520.44. No City appropriation required.
Title
Creating Section 15.01(610) of the Madison General Ordinances entitled "City Boundaries" and being part of the chapter entitled “Aldermanic Districts and Wards" attaching to the 17th Aldermanic District the Hooper Corporation Attachment and creating Section 15.02(145) to assign the attached property to Ward 145 attaching to the Hooper Corporation Attachment and creating Section 28.022 - 00369 assigning a zoning classification of IL (Industrial - Limited) District.
Body
DRAFTER'S ANALYSIS: This ordinance attaches the Hooper Corporation land in the Town of Burke pursuant to the Cooperative Plan with the City of Madison, Town of Burke, City of Sun Prairie, and Village of DeForest. This early attachment is also being made pursuant to a separate Early Attachment and Revenue Sharing Agreement with the Town of Burke, which outlines the revenue component post-attachment.
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An ordinance to create Subsection (610) of Section 15.01 of the General Ordinances of the City of Madison entitled “City Boundaries” and being part of the chapter entitled “Aldermanic Districts and Wards”.
WHEREAS, pursuant to Sections 9.B. and 10 of the Final Town of Burke, Village of DeForest, City of Sun Prairie and City of Madison Cooperative Plan approved by the State of Wisconsin Department of Administration o...
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