City of Milwaukee - File #: 080267

• File #: 080267
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 6/10/2008
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 7/1/2008
• Title: Resolution approving the First Amendment to the Marine Terminal Building Development and Riverwalk Agreement for an ADA accessible riverwalk connection, in the 4th Aldermanic District.
• Sponsors: THE CHAIR
• Indexes: AGREEMENTS, RIVERWALKS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
7/11/2008	0	MAYOR	SIGNED
7/1/2008	0	COMMON COUNCIL	ADOPTED	Pass	14:0
6/24/2008	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Alyssa Elver - Dept. of City Development Tom Gartner - City Attorney's Office	Pass	4:0
6/18/2008	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/10/2008	0	COMMON COUNCIL	ASSIGNED TO

Number

080267

Version

ORIGINAL

Reference

040852

Sponsor

THE CHAIR

Title

Resolution approving the First Amendment to the Marine Terminal Building Development and Riverwalk Agreement for an ADA accessible riverwalk connection, in the 4th Aldermanic District.

Analysis

This resolution approves the First Amendment to the Development and Riverwalk Agreement for the Marine Terminal Building Riverwalk project.

Body

Whereas, The City of Milwaukee (“City”) via adoption of Common Council File No. 040852 on November 3, 2004, entered into the Marine Terminal Building Development and Riverwalk Agreement dated March 7, 2007 (“Agreement”), with Mandel Riverfront Holdings I LLC (“Developer”) and Mandel Riverfront Holdings III LLC (“Expansion Developer”); and

Whereas, Said Agreement established the standards, rules and procedures for construction of the Riverwalk; and

Whereas, The City, Mandel Riverfront Holdings I LLC and Mandel Riverfront Holdings III LLC now desire to enter into a First Amendment to the Agreement to provide for the development of an Americans with Disabilities Act(ADA) accessible connection between the Marine Terminal Building Riverwalk and the Riverwalk located adjacent to the Milwaukee Institute of Art and Design; and

Whereas, The City is willing to provide the Developer with up to an additional $335,824 in funds from Tax Incremental District No. 56 to finance 100 percent of the cost of constructing this segment of Riverwalk; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the proper City officials are authorized to execute the First Amendment to the Marine Terminal Building Development and Riverwalk Agreement, a copy of which is attached to this Common Council File; and, be it

Further Resolved, That the City Attorney’s office, in cooperation with the Commissioner of City Development, is authorized to make such further minor modifications to said First Amendment that are consistent with the intent and purpose of this resolution and which are mutually acceptable to the City Attorney, the Commissioner of City Development, Mandel Riverfront Holdings I LLC and Mandel Riverfront Holdings III LLC.

Drafter

DCD:AAE:aae

06/10/08/A