City of Milwaukee - File #: 170426

• File #: 170426
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 6/20/2017
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 7/31/2017
• 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

Date	Ver.	Action By	Action	Result	Tally
8/9/2017	0	MAYOR	SIGNED
7/31/2017	0	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.	Pass	15:0
7/31/2017	0	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	Pass	15:0
7/31/2017	0	COMMON COUNCIL	ADOPTED	Pass	15:0
7/25/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: This item is companion to and was considered along with item 8, CCFN 170164.	Pass	5:0
7/19/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/19/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/20/2017	0	COMMON COUNCIL	ASSIGNED TO

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...