Fiscal Note
No appropriation is required for the establishment of this Redevelopment District. Any City financing of project costs within the District will require separate budgetary authorization.
Title
Approving the Redevelopment Plan and District Boundary for the University Crossing Redevelopment District.
Body
The Community Development Authority of the City of Madison (the “CDA”) is authorized by Sec. 66.1333 of the Wisconsin Statutes (the “Redevelopment Act”) to prepare redevelopment plans and to designate the boundaries of redevelopment districts. The CDA has prepared the University Crossing Redevelopment Plan (the “Redevelopment Plan”) and designated the boundaries of the University Crossing Redevelopment District (the “Redevelopment District”) in order to promote revitalization efforts in the Redevelopment District through public and private endeavors. The Redevelopment Plan incorporates land-use planning objectives to encourage commercial development in the Redevelopment District. The proposed development is consistent with and will further the implementation of the long-term strategy to revitalize the Redevelopment District.
WHEREAS, the CDA commissioned a report and survey of the location and physical condition of structures, land use, environmental influences and the social, cultural and economic conditions in and around the Redevelopment District; and
WHEREAS, the consultant’s report and survey determined that the Redevelopment District constitutes a blighted area as defined in Wisconsin Statutes; and
WHEREAS, pursuant to the Redevelopment Act, the CDA held a public hearing on December 8, 2011 for the purpose of affording interested parties the opportunity to express their views respecting the proposed Redevelopment Plan, and no one appeared at the hearing; and
WHEREAS, the City of Madison has an adopted Comprehensive Plan which is recognized and used as a guide for the general development of the City of Madison as a whole; and
WHEREAS, the ...
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