Resolution to approve the dissolution of Tax Incremental District Number Six (Lime Pit - S. 67th Pl. & W. Becher St.) of the City of West Allis.

This resolution approves the dissolution of Tax Increment District (TID) Number Six, also known as the Lime Pit district, located at S. 67th Pl. & W. Becher St. in the City of West Allis. The TID was originally created in February 2004. All projects within this district have been completed within the allowed timeframe of 27 years. Sufficient tax increments have been collected as of the 2025 tax roll (payable 2026) to cover all project costs. Additionally, TID Number Seven (Summit Place) has been designated as a donor district with excess funds to satisfy any outstanding debt of TID Number Six. Any remaining excess increment collected after ongoing expenses will be distributed to the affected taxing districts. The City will notify the Wisconsin Department of Revenue of the dissolution prior to April 15, 2026.