Number
070376
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving the Land Disposition Report for the properties at 2540-50 and 2556 North Dr. Martin Luther King Jr. Drive for sale to Monsanto Plaza, LLC for mixed-use development, in the 6th Aldermanic District.
Analysis
This resolution will permit the Redevelopment Authority to convey said land according to the conditions in the Land Disposition Report.
Body
Whereas, Monsanto Plaza, LLC has offered to purchase the properties at 2540-50 and 2556 North Dr. Martin Luther King Jr. Drive for mixed-use development; and
Whereas, On June 21, 2007, the Redevelopment Authority of the City of Milwaukee (“Authority”) held a Public Hearing on the proposed sale 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 a Land Disposition Report 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 June 21, 2007, with respect to the proposed sale of the following properties is approved.
REDEVELOPMENT PROJECT AREA
West Clarke Street - North 3rd Street
PARCEL ADDRESSES
2540-50 North Dr. Martin Luther King Jr. Drive
2556 North Dr. Martin Luther King Jr. Drive
REDEVELOPER
Monsanto Plaza, LLC
Drafter
DCD/Redevelopment Authority
DKE:dke
06/19/07/A