Number
081202
Version
ORIGINAL
Reference
Sponsor
ALD. HINES
Title
Resolution approving the blight designation and acquisition by the Redevelopment Authority of City-owned vacant lots in the Near West and Near North planning areas and authorizing conveyance along with Redevelopment Authority property at 11th and Center and 37th and Vliet Streets to Commonwealth Development Partners, LLC, for affordable housing, in the 15th Aldermanic District.
Analysis
Adoption of this resolution by at least two-thirds vote of the Common Council of the City of Milwaukee will approve the blight designation and acquisition of said properties by the Redevelopment Authority of the City of Milwaukee utilizing the procedures set forth in Section 66.1333, Wisconsin Statutes, and will authorize subsequent conveyance to a third party for redevelopment according to the conditions in the Blight Designation Summary and Land Disposition Report.
Body
Whereas, Commonwealth Development Partners, LLC, an experienced developer of affordable housing, desires to develop rent-to-own affordable housing in the Near West and Near North planning areas on land owned by the City of Milwaukee (“City”) and the Redevelopment Authority of the City of Milwaukee (“Authority”); and
Whereas, All property to be developed should be in the common ownership of the Authority to facilitate document preparation; and
Whereas, Section 66.1333(5)(c), Wisconsin Statutes, as amended, enables the Authority, with the approval of the Common Council of the City of Milwaukee (“Council”), to acquire blighted property without designating a boundary or adopting a redevelopment plan; and
Whereas, The Authority proposes to acquire the following City-owned vacant lots in the Near West and Near North planning areas and as summarized in the Blight Designation Summary and Land Disposition Report, a copy of which is attached to this Council File:
2736 North 11th Street
2738 North 11th Street
2744 North 11th Street
2735 North ...
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