Number
111585
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. BAUMAN
Title
Substitute resolution approving the Land Disposition Report conveying the Redevelopment Authority property at 2601 West Wisconsin Avenue to WIS27, LLC, for office development, in the 4th Aldermanic District.
Analysis
This resolution will permit the Redevelopment Authority to convey said land according to the conditions in a Land Disposition Report.
Body
Whereas, WIS27, LLC, has offered to purchase the property at 2601 West Wisconsin Avenue from the Redevelopment Authority of the City of Milwaukee ("Authority") for office development; and
Whereas, On March 15, 2012, the Authority held a Public Hearing on the proposed
conveyance as required by Wisconsin Statutes; and
Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of land, the Authority submits herewith a Land Disposition Report, a copy of which is attached to this Common Council File, describing the terms and conditions of the proposed sale; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition
Report dated March 15, 2012, with respect to the proposed sale of the following property is approved:
REDEVELOPMENT PROJECT AREA
Avenues West/27th and Wisconsin
PARCEL ADDRESS
2601 West Wisconsin Avenue
REDEVELOPER
WIS27, LLC
; and, be it
Further Resolved, That, notwithstanding any provision of the Land Disposition Report requiring a 30-foot setback along North 27th Street, no setback shall be required along this street other than the standard setback specified in the City's Zoning Code.
Requestor
Drafter
LRB111585-2
Jeff Osterman
04/17/2012