City of Milwaukee - File #: 200933

• File #: 200933
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/4/2020
• In control: COMMON COUNCIL
• Final action: 11/24/2020
• Title: Substitute resolution authorizing an Exclusive Right to Negotiate for the City-owned property at 1136-46 East North Avenue, in the 3rd Aldermanic District.
• Sponsors: ALD. KOVAC
• Indexes: CITY PROPERTY, REDEVELOPMENT, URBAN

Date	Ver.	Action By	Action	Result	Tally
12/2/2020	1	MAYOR	SIGNED
11/24/2020	1	COMMON COUNCIL	ADOPTED	Pass	15:0
11/17/2020	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Matt Haessly, Dept. of City Development Anthony Kazee, KG Development Group	Pass	5:0
11/9/2020	1	CITY CLERK	DRAFT SUBMITTED
11/4/2020	0	COMMON COUNCIL	ASSIGNED TO

Number

200933

Version

SUBSTITUTE 1

Reference

061018, 121670, 130734, 140042, 141140

Sponsor

ALD. KOVAC

Title

Substitute resolution authorizing an Exclusive Right to Negotiate for the City-owned property at 1136-46 East North Avenue, in the 3rd Aldermanic District.

Analysis

This substitute resolution authorizes the City, by its Department of City Development, to issue an Exclusive Right to Negotiate to General Capital Group, LLC and KG Development Group LLC, or assignee, allowing the developer a period of time to seek Wisconsin Housing and Economic Development Authority financing concerning 1136-46 East North Avenue.

Body

Whereas, The City of Milwaukee (“City”) operated 1136-46 East North Avenue (“Property”) as a Department of Public Works Ward Yard until 1991; and

Whereas, In 2020, the Department of City Development (“DCD”) issued a Request For Proposal (“RFP”) for the Property; and

Whereas, DCD received six submittals by the RFP due date, and DCD assembled an RFP review team to evaluate and score the RFP submittals based upon the review criteria stated in the RFP; and

Whereas, The RFP review team recommended the proposal submitted by General Capital Group, LLC and KG Development Group LLC that, together, are the (“Developer”) proposing to construct a mixed-use building having affordable residential units at the site; and

Whereas, The Developer is seeking Common Council of the City of Milwaukee approval of an Exclusive Right to Negotiate, which will allow the Developer time to finalize and submit its Wisconsin Housing and Economic Development Authority (“WHEDA”) application and to determine whether WHEDA will approve its application for a 2021 award of low income housing tax credits; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Site Control Report that was submitted to this file is approved and the Commissioner of DCD or its designee is authorized to issue to the Developer, or its DCD approved assignee, an Exclusive Right to Negotiate in substantial accordance with the Site Control Report.

Drafter

DCD:Matt.Haessly:mfh

11/09/20