City of Milwaukee - File #: 051102

• File #: 051102
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 12/13/2005
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 1/18/2006
• Title: Resolution approving the blight designation and acquisition of the City-owned vacant lot at 620 North 26th Street by the Redevelopment Authority and approving the Land Disposition Report for this property and the Authority-owned properties at 2601 West Wisconsin Avenue and 612 North 26th Street for sale to Sherman Associates, Inc. for mixed-use development, in the 4th Aldermanic District. (Redevelopment Authority)
• Sponsors: ALD. BAUMAN
• Indexes: BLIGHTED PROPERTY ACQUISITION, CITY PROPERTY, LAND DISPOSITION REPORTS, PROPERTY SALES, VACANT LOTS

Date	Ver.	Action By	Action	Result	Tally
1/26/2006	0	MAYOR	SIGNED
1/18/2006	0	COMMON COUNCIL	ADOPTED	Pass	15:0
1/10/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Speakers: Maria Prioletta - Dept. of City Development Loren Briggamann - Sherman Associates - developer Ald. Bauman asks that final design and final construction plans be brought before the Committee so that the project in its entirety will be built, rather than merely the commercial section. Ms. Prioletta noted that a zoning change will need to be approved, which will come before the Committee, at which time the design can be reviewed.	Pass	5:0
1/6/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/5/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
12/13/2005	0	COMMON COUNCIL	ASSIGNED TO

Number

051102

Version

ORIGINAL

Reference

Sponsor

ALD. BAUMAN

Title

Resolution approving the blight designation and acquisition of the City-owned vacant lot at 620 North 26th Street by the Redevelopment Authority and approving the Land Disposition Report for this property and the Authority-owned properties at 2601 West Wisconsin Avenue and 612 North 26th Street for sale to Sherman Associates, Inc. for mixed-use development, in the 4th Aldermanic District. (Redevelopment Authority)

Analysis

Adoption of this resolution by at least two-thirds vote of the Common Council of the City of Milwaukee will approve the blight designation and acquisition of a City-owned property by the Redevelopment Authority of the City of Milwaukee pursuant to Section 66.1333, Wisconsin Statutes, and will permit the Redevelopment Authority to convey this and other land according to the conditions in a Land Disposition Report.

Body

Whereas, Sherman Associates, Inc. (“Redeveloper”) has offered to purchase from the Redevelopment Authority of the City of Milwaukee (“Authority”) the property at 2601 West Wisconsin Avenue in the 27th and Wisconsin Redevelopment Project for development of a mixed-use building containing approximately 17,000 square feet of retail space and 70 rental housing units; and

Whereas, The Redeveloper also has offered to purchase the Authority’s property at 612 North 26th Street and a City-owned vacant lot at 620 North 26th Street for assemblage with an adjacent property for construction of additional housing units for homeownership to complement the primary development site; and

Whereas, To facilitate preparation of the sale agreements, all property should be in the common ownership of the Authority; and

Whereas, In order for the Authority to acquire property without adopting a redevelopment plan, the Authority must hold a public hearing and declare the property blighted pursuant to Section 66.1333, Wisconsin Statutes; and

Whereas, On December 15, 2005, the Authority held a public hearing on the proposed blight designation and property sale as required by Wisconsin Statutes; and

Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of land, the Authority submits herewith a Land Disposition Report describing the terms and conditions of the proposed sale; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report dated December 15, 2005, with respect to the proposed sale of the following properties is approved.

REDEVELOPMENT PROJECT AREA

27th and Wisconsin and Blight Elimination

PARCEL ADDRESSES

2601 West Wisconsin Avenue

612 North 26th Street

620 North 26th Street

REDEVELOPER

Sherman Associates, Inc.

Drafter

DCD/Redevelopment Authority

MP:kdu

12/13/05/A