Number
241270
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. BAUMAN
...Title
Substitute resolution approving a parking agreement between the City of Milwaukee and The Edison SPE, LLC, at the 1000 North Water Street parking structure.
Analysis
This resolution approves a parking agreement between the City of Milwaukee and The Edison SPE, LLC, at the 1000 North Water Street parking structure to lease 100 parking spaces.
Body
Whereas, The Edison is a mixed-use development that will include 378 residential units and over 7,000 square feet of commercial space at 1005 North Edison Street; and
Whereas, Construction of The Edison, which is being developed by The Edison SPE, LLC, is expected to be completed 2027; and
Whereas, The Edison SPE, LLC, requested an agreement to lease 100 parking spaces in the City-owned 1000 North Water Street parking structure to serve The Edison development; and now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of Public Works, or designee, is authorized to execute a lease agreement in substantially similar form as the attached agreement between the City of Milwaukee and The Edison SPE, LLC; and, be it
Requestor
DPW-Parking
Drafter
LRB 180371-2
Kathleen Brengosz
11/25/2024