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File #: 091515    Version:
Type: Resolution Status: Passed
File created: 3/2/2010 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 3/24/2010
Effective date:    
Title: Substitute resolution approving the Land Disposition Report for part of a Redevelopment Authority property in the Menomonee Valley Industrial Center for sale to Ingeteam, Inc. for development of an office and manufacturing facility, in the 8th Aldermanic District.
Sponsors: ALD. DONOVAN
Indexes: LAND DISPOSITION REPORTS, MENOMONEE RIVER VALLEY, REDEVELOPMENT AUTHORITY
Attachments: 1. Land Disposition Report, 2. Term Sheet as of 3-16-10, 3. Term Sheet Exhibit A, 4. Term Sheet Exhibit B, 5. Term Sheet Exhibit C, 6. Term Sheet Exhibit D, 7. Fiscal Note, 8. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
4/6/20101 MAYOR SIGNED   Action details Meeting details Not available
3/24/20101 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Not available
3/19/20100 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Jim Scherer, Department of City Development Rocky Marcoux, Department of City Development Aitor Sotes, Ingeteam, Inc. Shelley Jurewicz, Milwaukee 7 		Pass5:0 Action details Meeting details Not available
3/17/20101 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
3/11/20100 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/11/20100 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/2/20100 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

091515

Version

SUBSTITUTE 1

Reference

 

Sponsor

ALD. DONOVAN

Title

Substitute resolution approving the Land Disposition Report for part of a Redevelopment Authority property in the Menomonee Valley Industrial Center for sale to Ingeteam, Inc. for development of an office and manufacturing facility, in the 8th Aldermanic District.

Analysis

This substitute resolution will permit the Redevelopment Authority to convey said land according to the conditions in the Land Disposition Report.

Body

Whereas, The Redevelopment Authority of the City of Milwaukee (“Authority”) has been preparing the Menomonee Valley for industrial development by conducting activities such as environmental remediation, flood mitigation, geotechnical improvements, road construction, surveys and subdivision plat preparation as part of the Menomonee Valley Industrial Center; and

 

Whereas, Ingeteam, Inc. has offered to purchase an approximately 8.1-acre portion of the site lying North and West of Canal Street and South of Milwaukee Road for development of a manufacturing facility and offices for Ingeteam, Inc.; and

 

Whereas, On March 18, 2010, the Authority held a Public Hearing on the proposed land 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 March 18, 2010, with respect to the proposed sale of the following property, is approved.

 

REDEVELOPMENT PROJECT AREA

 

Milwaukee Road Shops

 

PARCEL ADDRESS

 

Milwaukee Road

 

REDEVELOPER

 

Ingeteam, Inc.

 

; and, be it

 

Further Resolved, That the proper City officials are authorized to execute an Emerging Business Enterprises Agreement with the Redeveloper and the Authority and any other City of Milwaukee easements or documents necessary to close the transaction.

Drafter

DCD-Redevelopment Authority

DPM:dpm

03/16/10