Number
061026
Version
ORIGINAL
Reference
Sponsor
ALD. HINES
Title
Resolution approving the blight designation and acquisition of the City-owned vacant lots at 1408-1420 West Center Street by the Redevelopment Authority and approving the Land Disposition Report for these properties and the Redevelopment Authority-owned properties in the 2700 block of North Teutonia Avenue for sale to GFG Real Estate and Horizon Development Group for mixed-use development, in the 15th Aldermanic District.
Analysis
Adoption of this resolution by at least two-thirds vote of the Common Council of the City of Milwaukee will approve the blight designation and acquisition of a City-owned property by the Redevelopment Authority of the City of Milwaukee pursuant to Section 66.1333, Wisconsin Statutes, and will permit the Redevelopment Authority to convey this and other land according to the conditions in the Land Disposition Report.
Body
Whereas, GFG Real Estate and Horizon Development Group have offered to purchase from the Redevelopment Authority of the City of Milwaukee (“Authority”) the Authority-owned properties in the 2700 block of North Teutonia Avenue and three City-owned vacant lots in the 1400 block of West Center Street for development of the Handsome Plaza Retail Center and Teutonia Gardens apartment homes; and
Whereas, To facilitate preparation of the sale agreements, all property should be in the common ownership of the Authority; and
Whereas, For the Authority to acquire property without adopting a redevelopment plan, the Authority must hold a public hearing and declare the property blighted pursuant to Section 66.1333, Wisconsin Statutes; and
Whereas, On November 16, 2006, the Authority held a Public Hearing on the proposed blight designation and property 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 Rep...
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