HomeMy WebLinkAbout01-387.docSEPTEMBER 25, 2001 01-387 RESOLUTION
(CARRIED 6-0 LOST LAID OVER WITHDRAWN )
PURPOSE:
DISSOLVE TAX INCREMENTAL DISTRICT NO. 5
INITIATED BY: CITY ADMINISTRATION
WHEREAS, on September 15, 1983, the Common Council for the City of
Oshkosh created Tax Incremental Finance District No. 5, generally the Algoma/Church
Redevelopment area; and
WHEREAS, State Statutes require that when a municipality recovers its cost
incurred in a district or, because this District was created prior to October 1, 1995, when
27 years has expired, whichever occurs first, the district shall be dissolved; and
WHEREAS, the City of Oshkosh has recovered its costs;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that Tax Increment Finance District, No. 5 (Algoma/Church Redevelopment
Area) is dissolved.