Number
260065
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing a Redevelopment Authority lease to ABM Parking Services at 634 N. 5th Street for parking in the 4th Aldermanic District.
Analysis
Body
Whereas, The Redevelopment Authority of the City of Milwaukee (the “Authority”) owns the property at 634 N. 5th Street in the City of Milwaukee (the “Property”); and
Whereas, The Property is what remains following the construction of the Vel R. Phillips Plaza on the northern portion of the block; and
Whereas, The Authority issued a Request for Qualifications (RFQ) to retain a Parking Management Operator for the existing surface parking lot at 634 N. 5th Street; and
Whereas, Staff completed the evaluation of the proposals received and, based on the criteria outlined in the RFQ, recommend awarding the contract to ABM Parking Services for five years for the afore mentioned services; and
Whereas, Pursuant to Wisconsin Statutes, including Wis. Stat. 66.1333 (9), and as a condition precedent to the sale, lease or transfer of land, the Authority staff submits to this file for the Authority’s consideration, the draft lease describing the terms and conditions of the proposed lease; and
Whereas, The Authority held a public hearing on April 16, 2026 to review the terms of the proposed lease of the parking lot; now, therefore, be it
Resolved, By RACM, by the RACM Board, that it approves the proposed lease, and subject to corresponding approval of the lease by the City of Milwaukee Common Council, the Board also authorizes RACM officials to take such actions as may be necessary to effectuate the intent of this resolution and the transaction contemplated hereby, including execution of the lease, or of a lease in substantial conformity to the lease that was submitted to this file, by RACM officials; and be it
Further Resolved, That RACM staff members are directed to submit this Resolution to the City Clerk for consideration by the City Common Council.
Requestor
Drafter
David Misky May 6, 2026