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File #: 170426    Version: 0
Type: Resolution Status: Passed
File created: 6/20/2017 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 7/31/2017
Effective date:    
Title: Resolution authorizing the sale of a portion of the City-owned property at 353 East Bay Street to New Land Enterprises, LLP for mixed-use commercial and residential development, in the 14th Aldermanic District.
Sponsors: ALD. ZIELINSKI
Indexes: CITY PROPERTY, PROPERTY SALES, REDEVELOPMENT, URBAN
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report and Due Diligence Checklist, 3. Hearing Notice List, 4. Proposed Substitute A, 5. Motion by Ald Zielinski
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
8/9/20170 MAYOR SIGNED   Action details Meeting details Not available
7/31/20170 COMMON COUNCIL NOT ACTED ON

Minutes note: Ald. zielinski moved to substitute the Original version with proposed Sub A. Proposed Substitiute A provides that the proceeds from this land sale, minus sale and marketing expenses and a 30 percent disposition fee to the Redevelopment Authority of the City of Milwaukee, shall be credited to a new Special Purpose Account established to fund park development and improvements in the 14th Aldermanic District. this item was held until later in the meeting at the request of Ald. Zielinski.
Pass15:0 Action details Meeting details Not available
7/31/20170 COMMON COUNCIL RECONSIDERED

Minutes note: Ald. Zielinski withdrew motion to Substitute. There were no objections Ald. Witkowski withdrew motion to send back to committee. There were no objections
Pass15:0 Action details Meeting details Not available
7/31/20170 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Not available
7/25/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: This item is companion to and was considered along with item 8, CCFN 170164.
Pass5:0 Action details Meeting details Video Video
7/19/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
7/19/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/20/20170 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
170426
Version
ORIGINAL
Reference

Sponsor
ALD. ZIELINSKI
Title
Resolution authorizing the sale of a portion of the City-owned property at 353 East Bay Street to New Land Enterprises, LLP for mixed-use commercial and residential development, in the 14th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, New Land Enterprises, LLP (“NLE”) desires to develop a mixed-use commercial and residential building at the intersection of Kinnickinnic and Bay Streets and has submitted an unsolicited offer to purchase part of the City-owned vacant lot at 353 East Bay Street; and

Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, Sale of this property will allow NLE to combine the City-owned property with the adjacent property at 2130 South Kinnickinnic Avenue to create a development site; and

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed purchase price and redevelopment represents fair compensation to the City considering the investment in the neighborhood and contribution to the tax base; and

Whereas, The portion of the lot will be sold in “as is” condition, without representations or warranties, including, but not limited to, soil quality and subsurface conditions; and

Whereas, NLE has agreed to petition to vacate and reconstruct the alley that adjoins the development site; and

Whereas, DCD submits herewith a Land Disposition Report, a copy of which is attached to this Common Council File, describing the terms and conditions of the proposed sale; now, therefore, be it

Resolved, By t...

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