CCR1998001COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #1-98
AUTHORIZE DISTRZBUTION OF
TAX INCREMENTAL DISTRICTS #4 AND #6 FUNDS
WHEREAS, In 1979, the City created Tax Incremental Districts #4 and #6; and
WHEREAS, In 1997, the Common Council dissolved Tax Incremental Districts #4 and #6; and
WHEREAS, The accountants for the City have determined that there is a surplus of $839,061
available as a partial distribution to the taxing entities affected by the Tax Incremental District;
and
WHEREAS, Under this partial distribution, amounts will be distributed to the taxing entities as
follows:
w Tif#6 Total
MuskegoATonvay School District $163,476 $348,297 $51 1,773
Waukesha County 33,916 72,283 106,199
VTAE 16,896 36,009 52,905
City of Muskego 53.706 114,478 168.184
Total $261,994 $571,067 $839,061
WHEREAS, The final audit of Tax Incremental Districts #4 and #6 has not been completed;
therefore, a further distribution is anticipated at a later date; and
WHEREAS, The Finance Committee has recommended approval of said partial distribution
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego,
upon the recommendation of the Finance Committee, does hereby authorize and direct the
Finance Director to submit to the taxing entities the partial distribution as described.
DATED THIS 13th DAY OF JANUARY, 1998
SPONSORED BY:
FINANCE COMMITTEE
Ald. Domonic D’Acquisto
Ald. David J. Sanders
Ald. Nancy C. Salentine
This is to certify that this is a true and accurate copy of Resolution #1-98 which was adopted by
the Common Council of the City of Muskego.
1/98jmb
F CI -Treasurer