CCR2000259COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #259-2000
AUTHORIZE DISTRIBUTION OF
TAX INCREMENTAL DISTFWTS #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
$1,350,000 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:
Tif#6 Total
Muskego/Norway School District $518,500 $329,350 $ 847,850
Waukesha County 107,610 56,850 164,460
VTAE 53,550 28,400 81,950
City of Muskego 170.340 85,400 255.740
Total $850,000 $500,000 $1,350,000
WHEREAS, The final audit of Tax Incremental Districts #4 and #6 has not been completed;
therefore, a further distribution is anticipated at a later date; and
WHEREAS, The Finance Committee has recommended approval of said partial distribution
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego,
upon the recommendation of the Finance Committee, does hereby authorize and direct the
Finance Director to submit to the taxing entities the partial distribution as described.
DATED THIS 12TH DAY OF DECEMBER . 2000
SPONSORED BY:
FINANCE COMMITTEE
Ald. Mark Slocomb
Ald. David J. Sanders
Ald. Nancy C. Salentine
This is to certify that this is a true and accurate copy of Resolution #259-2000 which was adopted
by the Common Council of the City of Muskego.
K .?Y?A
C,k$k-Treasurer
12/00 mep v