City of Milwaukee - File #: R13563

• File #: R13563
• Version: 0
• Type: Housing Authority Resolution
• Status: Passed
• File created: 2/7/2025
• In control: HOUSING AUTHORITY
• On agenda: 2/12/2025
• Final action: 2/12/2025
• Title: Resolution to modify the previously authorized offer to purchase and related documents and instruments for the sale of 421 East Locust Street to Kinship Mke, Inc.
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
2/12/2025	0	HOUSING AUTHORITY	ADOPTED; Minutes note: Ken Barbeau, HACM’s Interim Secretary-Executive Director and Attorney Michelle Ebben with Michael Best, spoke on the Amended Offer to Purchase provided with the agenda. Mr. Barbeau stated the original Offer to Purchase was adopted at the October 9th, 2024 Board meeting. Kinship MKE, Inc. requested an amendment to be able to move up the closing of the property. Attorney Ebben explained that two contingencies were deleted from the offer, which stated, “the Buyer has no obligation to enter into an Owner’s Representation Agreement with Travaux,” and that “the delivery of an Owner’s Representation Agreement is not a requirement for Closing.” The attorneys for both parties agreed with the changes. Commissioners asked if there were potential downsides, receiving assurances that the changes are reasonable and beneficial.	Pass	5:0

Number
13563

Version
Original

Reference
Modify original Offer to Purchase adopted 10/9/2024 Resolution No. 13508

Sponsor
The Chair

Title
Resolution to modify the previously authorized offer to purchase and related documents and instruments for the sale of 421 East Locust Street to Kinship Mke, Inc.
Analysis

Body
WHEREAS, pursuant to Resolution R-13496 the Housing Authority of the City of Milwaukee (“HACM”) approved the submission of a Petition to change the zoning for a parcel located at 421 East Locust Street adjacent to Holton Terrace in order to accommodate the development of a new Community Food Center by Kinship MKE, Inc. (“Kinship”); and

WHEREAS, the HACM Board and the U.S. Department of Housing and Urban Development (“HUD”) have previously approved an Application for Disposition of 421 East Locust Street (the “Property”); and

WHEREAS, HACM staff have met with the residents of Holton Terrace to evaluate their needs for development of the adjoining Property, which is located in an area designated as a “Food Desert”; and

WHEREAS, HACM staff advertised the Property for sale with submittal requirements, which included a requirement whereby the purchaser of the Property would need to concentrate on the provision of food and food services and covenants to assure that the uses of the Property would be consistent with the operation of Holton Terrace; and

WHEREAS, one response was received from Kinship, a not-for-profit entity formerly operating as the Riverwest Food Pantry; and

WHEREAS, Kinship proposes construction of a new building with modern design at a cost estimated in the amount of approximately $10 million dollars and will provide groceries and meals, create new local jobs and provide employment training and social services; and

WHEREAS, many of the residents at Holton Terrace are already patrons of Kinship; and

WHEREAS, HACM residents will be given opportunity to apply for Kinship’s culinary and catering workforce development...