eeNumber
031530
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution approving final design for Pier Wisconsin Improvement.
Analysis
Under the terms of the August 11, 2003 Pier Wisconsin Ltd. Development and Lease Agreement ("Agreement") by and between Pier Wisconsin Ltd. ("Tenant"), the City of Milwaukee ("City") and the Board of Harbor Commissioners of the City of Milwaukee ("Board"), the final design concept for the Pier Wisconsin Improvement ("Improvement") must conform to the design criteria specified in Exhibit A to the Agreement and be approved by both the Board and the City's Common Council ("Council"). The Tenant has submitted a final design for the Improvement, a copy of which is attached to this file. This resolution finds that the design complies with the Exhibit A criteria and approves that design. Exhibit C to the Agreement also specifies a number of other conditions that must be satisfied prior to commencing construction of the Improvement. These include the possible review of the Improvement's cost estimate by a consultant chosen by the Board and the Tenant's submission of satisfactory evidence to the Board and Comptroller that sufficient funds to construct the Improvement are available in a timely fashion. The Board has found that because of the more conventional nature of the Improvement's final design, the cost estimate is not necessary. The Board has found that the final design of the Improvement complies with the Exhibit A criteria and has approved that design as required by Exhibit C. The Board also found, after consultation with the City Comptroller, that sufficient funds are available in a timely fashion to construct the Improvement. This resolution also approves the legal description for the Construction Easement.
Body
Whereas, The City of Milwaukee ("City"), the Board of Harbor Commissioners of the City of Milwaukee ("Board") and Pier Wisconsin, Ltd. ("Tenant") entered into an August...
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