NUMB:
980039
REF:
971690
VERS:
SUBSTITUTE 1
XXBY:
THE CHAIR
TITL:
Substitute resolution approving the Final Assessment Report from the Board of Assessment relating to securing easements over riparian rights along the west side of the Milwaukee River between West Wells Street and West Kilbourn Avenue to facilitate the riverwalk expansion, in the 4th Aldermanic District.
ANLS:
- ANALYSIS -
As described by Section 32.52 through 32.57 of the Wisconsin Statutes (1995-1996), the Board of Assessment has completed their review and determination of assessment of benefits and the award of damages due to securing easements over riparian rights along the west side of the Milwaukee River between West Wells Street and West Kilbourn Avenue.
BODY:
Whereas, Pursuant to Common Council File Number 971690 adopted on March 3, 1998, the Board of Assessment has determined the amount of benefits to be assessed and the damages to be paid against 4 properties located along the west side of the Milwaukee River between West Wells Street and West Kilbourn Avenue; and
Whereas, The Board certifies that it has complied with requirements of sections 32.52 through 32.57, Wisconsin Statutes, as they pertain to exercising eminent domain; and
Whereas, Three preliminary hearings were held on March 10, 11 and 12, 1998 to hear testimony of any interested party regarding the benefits or damages resulting from the proposed riverwalk improvement, and
Whereas, Two review hearings were held on April 21 and 22, 1998 to hear testimony and consider evidence on the amount of benefits and damages assessed; and
Whereas, Based upon testimony provided at these hearings and information provided by City staff, the Board has made a final determination of the benefit of assessments and amount of damages and is attached as Exhibit "A".
Whereas, The Board has given the property owners the option to make a lump sum payment or pay over a 20 year period in accord with BID No. 15 procedures, in lieu of the standard 6 year payment at 9.5% simple interest used for the 1998 paving program; and, therefore, be it
Resolved, That the Final Asessment Report of the Board of Assessment relating to securing easements over riparian rights along the west side of the Milwaukee River between West Wells Street and West Kilbourn Avenue to facilitate the expansion of the riverwalk system in downtown Milwaukee is hereby confirmed and approved; and, be it
Further Resolved, That each property owner has the option to make a lump sum payment or pay over a 20 year period in accord with BID No. 15 procedures, in lieu of the standard 6 year payment at 9.5% simple interest used for the 1998 paving program; and, be it
Further Resolved, All City officials are authorized and directed to execute any other documents needed to effect implementation of the actions contemplated by the Final Assessment Report and in this resolution; and, be it
Further Resolved, All City departments are authorized and directed to support the intent of this resolution; and, be it
Further Resolved, the City Attorney is authorized and directed to record all necessary documents.
DFTR:
BOARD OF ASSESSMENT
MGL:sdp
05-08-98
FNLREP.BOA