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File #: 090812    Version:
Type: Resolution Status: Passed
File created: 10/13/2009 In control: PUBLIC WORKS COMMITTEE
On agenda: Final action: 11/3/2009
Effective date:    
Title: Substitute resolution authorizing the execution of a lease for the retail space to be utilized as a restaurant located at 1118 N. 4th Street in the 4th and Highland parking structure.
Sponsors: THE CHAIR
Indexes: LEASES, PARKING STRUCTURES, RESTAURANTS
Attachments: 1. Lease Letter for Retail Space.pdf, 2. Lease for Retail Space.pdf, 3. Substitute to the Proposed Terms of Lease, 4. Lease Agreement, 5. Exhibit A, 6. Fiscal note, 7. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
11/5/20091 MAYOR SIGNED   Action details Meeting details Not available
11/3/20091 COMMON COUNCIL ADOPTEDPass13:1 Action details Meeting details Not available
11/3/20091 PUBLIC WORKS COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals present: Cindy Angelos, Dept. of Public Works Jeff Osterman, Legislative Reference Bureau
Pass3:1 Action details Meeting details Not available
10/21/20091 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
10/21/20090 PUBLIC WORKS COMMITTEE HELD TO CALL OF THE CHAIR

Minutes note: Ald. Bauman said that he will have a special Public Works Committee meeting on November 3, 2009 to consider this file.
Pass5:0 Action details Meeting details Not available
10/16/20090 PUBLIC WORKS COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
10/16/20090 PUBLIC WORKS COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
10/13/20090 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

090812

Version

SUBSTITUTE 1

Reference

 

Sponsor

THE CHAIR

Title

Substitute resolution authorizing the execution of a lease for the retail space to be utilized as a restaurant located at 1118 N. 4th Street in the 4th and Highland parking structure.

Analysis

This resolution authorizes and directs the Commissioner of Public Works to negotiate and enter into a lease agreement with Centercourt 1118, LLC, for the retail space at 1118 N. 4th Street, in the City-owned 4th and Highland parking structure.  The lessees intend to use this retail space for a restaurant and bar.

Body

Whereas, The retail space at 1118 N. 4th Street, in the City-owned parking at 4th Street and Highland Avenue, has been vacant since July, 2008; and

 

Whereas, The Department of Public Works, which oversees operation of this parking structure, has been approached by 2 local business owners, Brian James and Rick Kohen, who have expressed interest in leasing the retail space for a restaurant and bar and who have the financing needed to undertake this operation; and

 

Whereas, The Department of Public Works has developed a proposed term sheet for the leasing of the retail space at 1118 N. 4th Street to Centercourt 1118, LLC (the name of the business to be operated by Mssrs. James and Kohen), a copy of which is attached to this file; and

 

Whereas, It is in the best interests of the City and its taxpayers, and beneficial to the economic development of the Old World Third Street/Bradley Center area, to lease the retail space at 1118 N. 4th Street  in accordance with the terms and conditions specified in the term sheet attached to this file; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of Public Works, acting on behalf of the City of Milwaukee, is authorized and directed to negotiate and enter into a lease agreement with Centercourt 1118, LLC (principals Brian James and Rick Kohen) for the retail space at 1118 N. 4th Street, in the 4th and Highland parking structure; and, be it

 

Further Resolved, That the lease agreement shall be consistent with the terms and conditions of the term sheet that is attached to this file; and, be it

 

Further Resolved, That the lease agreement shall be approved as to content by the City Attorney to ensure compliance with the term sheet, and shall be countersigned by the City Comptroller.

Requestor

Department of Public Works - Parking

Drafter

LRB09418-2

JDO

10/21/2009