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CCR1979176. . . ..- e .. A RESOLUTION CREATING, DESCRIBING AND MAKING RESOLUTION #176-79 CERTAIN FINDINGS CONCERNING TAX INCREMENTAL DISTRICT .~ NUMBER SIX, CITY OF MUSKEGO . WHEREAS, the overall development of the eastern portion of the I City of ~uskego is recognized as a major need of the City; and WHEREAS, the City Of Muskego desires to create a tax incremental district, in accordance with the provisions of Section 66.46 of the isconsin Statutes (the "Tax Increment Law"), in order to provide a within the said district and thereby create incentives and opportunities iable method of financing the costs of needed public improvements for appropriate private development, including new development and improvement of existing development, which will contribute to the overall development of the eastern portion of the City; and b hearing concerning the proposed creation of a tax incremental Increment Law, the Planning Commission, on May 1, 1979, held a public district in the City of Muskego, and thereafter designated the boundaries of the proposed tax incremental district and recommended within the area enclosed by the said boundaries, as specified in the to the Common Council that it create such tax incremental district end entitled "Boundary Description of Tax Incremental District Number 5oundary description attached to this resolution as Exhibit A hereof, Six, City of Muskego"; and WHEREAS, in accordance with the procedures specified in the Tax .. said public hearing was sent to the chief executive officers of the WHEREAS, prior to its publication, a copy of the notice of the Waukesha County Board of Supervisors and the District Board of the Waukesha County Vocational, Technical and Adult Education District (the other entities having the power to levy taxes on property located v::ithFr. the pro,nDse-l district) zr.3 t??e School Zazrc! of t>,e t:uskeno- Norway School District (the school board of the school district which includes property located within the proposed district), in accordanc'e with the procedures specified in the Tax Increment Law; NOW, THEREFORE, BE IT ESOLVED BY THE COMMON COUNCIL OF THE CITY OF MUSKEGO, as follows: 1. Pursuant to the Tax Increment Law, there is hereby created in the City of ibluskego a tax incremental district, to be known as "Tax Incremental District Number Six, City of Muskego", the baundaries of which shall be those recommended to the Cornon Council by the Planning Commission, as specified in the attached Exhibit A. .. 1979. 2. The said tax incremental district is created zs of January 1, I 3. The Common Council hereby finds and declares that: (a) Not less than 25%, by area, of the real property within the said tax incremental district is a "blighted area" within the meaning of Section 66.46(2) (a) of the Wisconsin Statutes; and (b) The improvement of such area is likely to enhance significantly the value of all of the other real property in the said tax incremental district; and the said tax incremental district, together with that of (c) The aggregate value of equalized taxable property of Tax Incremental District Number One, Tax Incremental District Number Two, Tax Incremental District Number Three, Tax Incremental District Number Four, Tax District Number Seven, does not exceed 5% of the total Incremental District Number Five and Tax Incremental value of equalized taxable property within the City of Muskego, there being no more tax incremental districts in the City of Muskego. b 4. The Planning Commission is hereby authorized and directed to prepare a Project Plan for Tax Incremental District Number Six, atutes, and to submit said Plan to the Common Council for its 0 ursuant to the provisions of Section 66.46 (4) (dl of the Wisconsin *view and approval. - I j 5. The City Clerk is hereby authorized .and directed to apply to the Wisconsin Department of Revenue, in such form as may be prescribed, ! for a "Determination of Tax Incremental Base", as of January 1, 1979, pursuant to the provisions of Section 66.46 (5) (b) of the Wisconsin 6, The City Assessor is hereby *>v.thorized and directed to identify upon the assessment roll returned and examined under which are within Tax Incremental District Number Six, specifying Section 70.45 of the Wisconsin Statutes, those parcels of property thereon the name of the said tax incremental district, and the City Clerk is hereby authorized and directed to make similar notations on the tax roll made under Section 70.65 of the Wisconsin Statutes, pursuant to Section 66.46 (5) (f) of the Wisconsin Statutes. Adopted this day of September, 1979. a Mayor Attest: City Clerk