City of Milwaukee - File #: 090454

• File #: 090454
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 7/28/2009
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 9/1/2009
• Title: Substitute resolution approving acquisition of property in the 35th and Capitol Redevelopment Project Area by the Redevelopment Authority of the City of Milwaukee, in the 7th Aldermanic District.
• Sponsors: ALD. WADE, ALD. HAMILTON
• Indexes: CITY PROPERTY, PROPERTY ACQUISITION, REDEVELOPMENT AUTHORITY

Date	Ver.	Action By	Action	Result	Tally
9/4/2009	1	MAYOR	SIGNED
9/1/2009	1	CITY CLERK	Sponsor added; Minutes note: Ald. Hamilton
9/1/2009	1	COMMON COUNCIL	ADOPTED	Pass	12:3
8/31/2009	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Rocky Marcoux, Department of City Development Benji Timm, Department of City Development Jim Scherer, Department of City Development	Pass	4:1
7/30/2009	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/28/2009	0	COMMON COUNCIL	ASSIGNED TO

Number
090454
Version
SUBSTITUTE 1
Reference
050190
Sponsor
ALD. WADE AND HAMILTON
Title
Substitute resolution approving acquisition of property in the 35th and Capitol Redevelopment Project Area by the Redevelopment Authority of the City of Milwaukee, in the 7th Aldermanic District.
Analysis
Adoption of this substitute resolution will authorize acquisition of privately owned property by the Redevelopment Authority.
Body
Whereas, By adoption of File No. 050190, the Common Council of the City of Milwaukee approved a Redevelopment Plan for the North 35th Street and West Capitol Drive Redevelopment Project Area to help facilitate redevelopment of the former Tower Automotive facility in the 30th Street Industrial Corridor; and

Whereas, The Redevelopment Plan did not authorize any property acquisitions, but the Redevelopment Authority of the City of Milwaukee (“Authority”) desires to acquire a major portion of the former Tower property to create modern development sites for industrial users to expand employment and investment opportunities in the 30th Street Industrial Corridor; and

Whereas, The Authority has reached an agreement with the current owner to acquire a major portion of the Tower property and proposes to finance the acquisition and redevelopment of the property and surrounding neighborhoods through a tax incremental district; and

Whereas, Section 66.1333, 5.(b)4., Wisconsin Statutes, requires that the local legislative body approve property acquisitions by the Authority; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Redevelopment Authority of the City of Milwaukee is authorized to acquire the following properties in the North 35th Street and West Capitol Drive Redevelopment Project Area from the Milwaukee Industrial Trade Center contingent on approval of a tax incremental district to fund the project:

2900 West Hopkins Street - Tax Key No. 269-0252-112-6

3010-24 West Hopkins Street - Tax Key No. 2...