Number
001801
Version
ORIGINAL
Reference
001260
Sponsor
ALD. D'AMATO AND JOHNSON-ODOM
Title
Resolution approving the blight designation of five privately owned properties in the Riverworks Industrial Center area and authorizing their acquisition by the Redevelopment Authority of the City of Milwaukee in the 3rd and 6th Aldermanic Districts. (Redevelopment Authority)
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 of five privately owned properties in the Riverworks neighborhood, authorize their acquisition by the Redevelopment Authority of the City of Milwaukee utilizing the Spot Acquisition procedures set forth in Section 66.1333, Wisconsin Statutes, and identify a funding source for the Projects.
Body
Whereas, In File No. 001260 adopted on February 27, 2001, the Common Council of the City of Milwaukee ("Council") approved Amendment No. 1 to the Project Plan for Tax Incremental District ("TID") Number Twenty-Four that allowed funds to be used for property acquisitions; and
Whereas, The Redevelopment Authority of the City of Milwaukee ("Authority") proposes to use its blight designation authority pursuant to Section 66.1333(5)(c), Wisconsin Statutes, to acquire the following privately owned properties to facilitate continued industrial expansion in the Riverworks Industrial Center area:
701 East Vienna Avenue (Tax Key No. 274-0391-000)
3908 North Palmer Street (Tax Key No. 273-0203-100)
3880-96 North Palmer Street (Tax Key No. 273-0206-111)
3901 North 2nd Street (Tax Key No. 273-1015-100)
225 West Capitol Drive (Tax Key No. 273-1942-000)
; and
Whereas, Proper notices were given to the owners of record and a Public Hearing was conducted on April 19, 2001, by the Authority pursuant to the provisions of Section 66.1333(5)(c), Wisconsin Statutes, as amended; and
Whereas, After the Public Hearing, the Authority determi...
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