Number
210691
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving a Lease Agreement with Perch Point, LLC, on behalf of Marek Landscaping, LLC, for 0.87 acres of real property on Port Milwaukee’s South Harbor Tract.
Analysis
This resolution approves a Lease Agreement with Perch Point, LLC, on behalf of Marek Landscaping, LLC, for a parcel of real property comprised of 0.87 acres on the South Harbor Tract of Port Milwaukee approximately located at 2452 S. Lincoln Memorial Drive.
Body
Whereas, Marek Landscaping, LLC, has proposed developing a new headquarters facility on a 0.87-acre parcel located on Port Milwaukee’s South Harbor Tract at approximately 2452 S. Lincoln Memorial Drive; and
Whereas, Perch Point, LLC (the “Tenant”), on behalf of Marek Landscaping, LLC, has negotiated a lease of this property from the City, by and through Port Milwaukee and the Board of Harbor Commissioners; and
Whereas, The base term of the lease will be ten (10) years, commencing November 1, 2021 and ending on October 31, 2031; and
Whereas, The lease can be extended for four (4) successive periods of ten (10) years each, ending at maximum on October 31, 2071; and
Whereas, The Tenant will be permitted to use this Port property for the Tenant’s green infrastructure design, ecological restoration, waterfront design, aquatic infrastructure and material handling business and other ancillary uses related to the operation of Marek Landscaping, LLC; and
Whereas, The Board of Harbor Commissioners, at its meeting of August 12, 2021, acted by unanimous vote of the Board to grant such Lease Agreement; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the attached Lease Agreement between Perch Point, LLC, on behalf of Marek Landscaping, LLC, and the City of Milwaukee, by and through its Board of Harbor Commissioners, is approved; and, be it
Further Resolved, That the proper City officials and representatives of the Board of...
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