NUMB:
990803
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution authorizing the proper City Officials to grant an access easement to Rimco Realty L.L.P. for the purpose of providing a direct connection between their property at 174-84 West Wisconsin Avenue and the City-owned parking structure at 724 North 2nd Street and authorizing the Department of Public Works to enter into a parking agreement with Thyzdar, L.L.P. to provide parking in the 2nd & Plankinton parking structure for their new hotel. (Department of Public Works)
ANLS:
- ANALYSIS - This resolution authorizes the proper City Officials to grant an access easement to Rimco Realty, L.L.P for the purpose of creating a direct connection between their property at 174-84 West Wisconsin Avenue being developed as a hotel and the City-owned parking structure at 724 North 2nd Street. This resolution also authorizes the Department of Public Works to enter into a parking agreement with Thyzdar, L.L.P. to provide parking for their hotel operation in the 2nd & Plankinton parking structure.
BODY:
Whereas, The City has worked diligently to encourage economic development in the Central Business District by the development of the Riverwalk system and the use of its parking assets; and
Whereas, Thyzdar, L.L.P. is developing a 101-room Howard Johnson Inn and Suites located at 174-84 West Wisconsin Avenue and is land locked and in need of parking; and
Whereas, The City owns a 491-space parking garage at 724 North 2nd Street and currently has a significant number of spaces to support a 101-room hotel complex on a 24-hour basis; and
Whereas, It is desirable that a direct connection be created between the new hotel and the parking structure to enhance operation of the hotel complex; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the proper City Officials are hereby authorized to grant an access easement to Rassem Kalitb and Ishaq Kalitb d/b/a Rimco Realty L.L.P., owner of the property located at 174-84 West Wisconsin Avenue, for the purpose of creating a direct connection from their property to the City-owned parking structure at 724 North 2nd Street. Said easement is attached to the file by reference as though set forth in full; and be it
Further Resolved, That the Commissioner of Public Works is authorized to enter into a parking agreement with Thyzdar, L.L.P. to provide parking in, and direct access to, the 2nd & Plankinton parking garage, 724 North 2nd street, for the purpose of providing parking for the 101-room Howard Johnson Inn and Suites, which they will operate at 174-84 West Wisconsin Avenue. Said agreement is attached to the file by reference as though set forth in full; and, be it
Further Resolved, That the funding in the amount estimated to be $50,OOO.OO to update the revenue control system and to accommodate the operation of the hotel parking system, as indicated in the parking agreement, is hereby authorized to be expended from Account PA1608016.
DFTR:
DPW
EDS:th
08/30/99 Revised
2NDPLANKPRKNG.RES