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File #: 200933    Version:
Type: Resolution Status: Passed
File created: 11/4/2020 In control: COMMON COUNCIL
On agenda: Final action: 11/24/2020
Effective date:    
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
Attachments: 1. Site Control Report, 2. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
12/2/20201 MAYOR SIGNED   Action details Meeting details Not available
11/24/20201 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Video Video
11/17/20201 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Matt Haessly, Dept. of City Development Anthony Kazee, KG Development Group
Pass5:0 Action details Meeting details Video Video
11/9/20201 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
11/4/20200 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

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