City of Milwaukee - File #: 100534

• File #: 100534
• Version: 4
• Type: Resolution
• Status: Passed
• File created: 9/1/2010
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 9/20/2011
• Title: Substitute resolution approving the First Amendment to the Cooperation, Reimbursement and Redevelopment Agreement (Harley-Davidson Museum Project).
• Sponsors: James N. Witkowiak
• Indexes: AGREEMENTS, MUSEUMS, REDEVELOPMENT, URBAN

Date	Ver.	Action By	Action	Result	Tally
9/29/2011	3	MAYOR	SIGNED
9/20/2011	2	COMMON COUNCIL	SUBSTITUTED	Pass	13:2
9/20/2011	3	COMMON COUNCIL	ADOPTED	Fail	3:12
9/20/2011	3	COMMON COUNCIL	RECONSIDERED	Pass	11:4
9/20/2011	3	COMMON COUNCIL	SUBSTITUTED; Minutes note: Ald. Witkowiak had previously moved for substitute 1 in lieu of substitute 3. This motion was withdrawn. Substitute 2 in lieu of substitute 3.	Pass	14:0
9/20/2011	4	COMMON COUNCIL	ADOPTED	Pass	12:2
9/13/2011	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECONSIDERED	Pass	5:0
9/13/2011	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	SUBSTITUTED; Minutes note: Ald. Wade moved to substitute the file with Proposed Substitute E. (Prevailed 5-0)	Pass	5:0
9/13/2011	2	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	AMENDED; Minutes note: Individuals present: Rocky Marcoux, Commissioner - Dept. of City Development Tom Gartner, City Attorney's Office Paul Jones, Vice President - Harley Davidson Motor Company Ald. Bauman moved to amend the file with the substitution of Proposed Substitute B and extending the deadline by 36 months. (Failed 1-4) Ald. Zielinski moved to amend to insert the following "Further Resolved" clause at the end of the resolution: Further Resolved, That upon the City's receipt of the $700,000 payment from the Developer, the City Comptroller shall transfer these funds to the Development Fund capital account (parent account). Prevailed (3-2)	Pass	3:2
9/13/2011	2	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Ald. Wade moved adoption of Proposed Substitute E as amended. (Prevailed 5-0)	Pass	5:0
9/9/2011	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/15/2010	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	5:0
9/10/2010	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/1/2010	0	COMMON COUNCIL	ASSIGNED TO

Number
100534
Version
SUBSTITUTE 4
Reference

Sponsor
ALD. WITKOWIAK
Title
Substitute resolution approving the First Amendment to the Cooperation, Reimbursement and Redevelopment Agreement (Harley-Davidson Museum Project).
Analysis
The Cooperation, Reimbursement and Redevelopment Agreement for the Harley-Davidson Museum provides for three phases of development, the first two of which, including the main museum, archive building, conference/reception facility and restaurants, were completed in June of 2008.

This resolution approves an amendment to that agreement to eliminate the proposed 100,000-square-foot third phase of the museum complex.

The current agreement provides the City with certain options in the event the third phase is not completed by June of 2011: sue the developer for the City's actual damages, as a result of the third phase not being completed, or exercise its option to repurchase a portion of the museum campus, specifically, the two parking lots located west of 6th Street, for $535,000, the price the developer paid the City for the sites.

This amendment eliminates the requirement for the third phase of the museum development and in lieu of the City's current contractual remedies, provides a payment of $700,000 from the developer for the purposes of funding future redevelopment activity in the city.

The amendment also provides for a First Offer of the parking lots to the City and/or the Redevelopment Authority, for a purchase price of $535,000, for the next five years. In the event the third phase of the complex, or the substitute equivalent, is completed, the First Offer would terminate.

The developer also advanced funding for a tax incremental district to assist the museum project. The City is currently repaying that funding from incremental taxes generated by the project. As provided in the Redevelopment Agreement, given that Phase III will not be developed, reimbursements from the tax incremental district to the develope...