City of Milwaukee - File #: 230790

• File #: 230790
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 9/19/2023
• In control: PUBLIC WORKS COMMITTEE
• Final action: 10/10/2023
• Title: Resolution approving the execution of a Sidewalk and Parking Easement Agreement with GenCap KG North Avenue 91, LLC regarding the Riverwest Food Accelerator development, in the 3rd Aldermanic District.
• Sponsors: ALD. BROSTOFF
• Indexes: AGREEMENTS, EASEMENTS, PARKING, SIDEWALKS

Date	Ver.	Action By	Action	Result	Tally
10/12/2023	0	MAYOR	SIGNED
10/10/2023	0	COMMON COUNCIL	ADOPTED	Pass	15:0
9/27/2023	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: James Washington - DPW	Pass	5:0
9/19/2023	0	COMMON COUNCIL	ASSIGNED TO

Number
230790
Version
Original
Reference 230327, 230331, 220467, 220969

Sponsor
ALD. BROSTOFF
Title
Resolution approving the execution of a Sidewalk and Parking Easement Agreement with GenCap KG North Avenue 91, LLC regarding the Riverwest Food Accelerator development, in the 3rd Aldermanic District.
Analysis
This resolution approves the execution of a Sidewalk and Parking Easement Agreement with GenCap KG North Avenue 91, LLC regarding the Riverwest Food Accelerator development, in the 3rd Aldermanic District.

Body.
Whereas, GenCap KG North Avenue 91, LLC, a collaboration between General Capital Development, LLC and KG Development Group, LLC (the “Developer”), is developing the Riverwest Food Accelerator (the “Project”), located at 1132, 1136-1146, and 1164 East North Avenue, Tax Parcel Numbers 320-1416-100, 320-1693-000, and 320-1692-000 (the “Property”); and

Whereas, The Project includes a total of 91 apartment units affordable across a range of incomes and a ground floor space which will be utilized for activities related to food, cooking, and nutrition education and food oriented entrepreneurship; and

Whereas, Common Council Resolution File No. 230327 authorized sale of the 1136 Parcel, a City-owned parcel, to Developer to assist in development of the Project; and

Whereas, Common Council Resolution File No. 230331 approved creation of Tax Incremental District No. 116 to assist in development of the Project; and

Whereas, Common Council Resolution File Nos. 220467 and 220969 further approved an American Rescue Plan Act grant and Housing Trust Fund grant to assist in development of the Project; and

Whereas, As part of the Project, Developer intends to grant a perpetual and nonexclusive easement on a portion of the Property to the City of Milwaukee for the purpose of allowing pedestrian access over the sidewalk to be constructed thereon and for parking within the parking spaces to be constructed thereon;

Whereas, Developer shall construct the...