City of Milwaukee - File #: 221272

• File #: 221272
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 12/13/2022
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 1/17/2023
• Title: Substitute resolution approving termination of existing agreements with Milwaukee Area Technical College and JCP Construction regarding 2606 North Holton Street and authorizing an agreement with the Redevelopment Authority of the City of Milwaukee, Milwaukee Area Technical College, JCP Construction, Ex3 LLC, and Ezekiel Community Development Corporation for that parcel, in the 6th Aldermanic District.
• Sponsors: ALD. COGGS
• Indexes: AGREEMENTS, MILWAUKEE AREA TECHNICAL COLLEGE, REDEVELOPMENT AUTHORITY

Date	Ver.	Action By	Action	Result	Tally
1/24/2023	1	MAYOR	SIGNED
1/17/2023	1	COMMON COUNCIL	ADOPTED	Pass	12:0
1/10/2023	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Matt Haessly, Dept. of City Development Ald. Milele Coggs, 6th Ald. Dist.	Pass	5:0
1/3/2023	1	CITY CLERK	DRAFT SUBMITTED
12/13/2022	0	COMMON COUNCIL	ASSIGNED TO

Number
221272
Version
SUBSTITUTE 1
Reference
190403
Sponsor
ALD. COGGS
Title
Substitute resolution approving termination of existing agreements with Milwaukee Area Technical College and JCP Construction regarding 2606 North Holton Street and authorizing an agreement with the Redevelopment Authority of the City of Milwaukee, Milwaukee Area Technical College, JCP Construction, Ex3 LLC, and Ezekiel Community Development Corporation for that parcel, in the 6th Aldermanic District.
Analysis
This substitute resolution approves termination of the Milwaukee Area Technical College Rehab Contract and the MATC-JCP-RACM-City-LLC Rehab Plan, Budget, and Timeline agreement regarding 2606 North Holton Street and authorizes an agreement with the Redevelopmnt Authority of the City of Milwaukee, Milwaukee Area Technical College, JCP Construction, Ex3 LLC, and Ezekiel Community Development Coroporation for that parcel, in the 6th Aldermanic District.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) in File No. 190403 and the Redevelopment Authority of the City of Milwaukee (“RACM”) in RACM File No. 10778 approved entry into the August 1, 2019 Milwaukee Area Technical College (“MATC”) Rehab Contract and the September 26, 2019 MATC-JCP-RACM-City-LLC Rehab Plan, Budget, and Timeline agreement regarding 2606 North Holton Street which called for: the City of Milwaukee (“City”) to convey the house to JCP’s limited liability company, Ex3 LLC; MATC students, for college credit, under MATC faculty supervision, rehabbing the house; JCP coordinating the overall rehab work; RACM providing a $25,000 contribution toward the rehab expense; and Ex3 to then sell the house with half of the profit from the sale proceeds then being put back into the program for the rehab of other houses by MATC students; and

Whereas, The City did convey the house to Ex3, and RACM did provide the $25,000 funding, and Social Development Corporation students did provide initial int...