City of Milwaukee - File #: 040564

• File #: 040564
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 9/1/2004
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 9/21/2004
• Title: Resolution approving the blight designation of the Bostik Findley, Inc. manufacturing facility at 2900-30 West Center Street for acquisition by the Redevelopment Authority of the City of Milwaukee and authorizing subsequent conveyance to the CAPTA, LLC for industrial development in the 15th Aldermanic District. (Redevelopment Authority)
• Sponsors: ALD. HINES JR.
• Indexes: BLIGHT DECLARATION, BLIGHTED PROPERTY ACQUISITION, INDUSTRIAL DEVELOPMENT, REDEVELOPMENT AUTHORITY

Date	Ver.	Action By	Action	Result	Tally
9/30/2004	0	MAYOR	SIGNED
9/21/2004	0	COMMON COUNCIL	ADOPTED	Pass	15:0
9/15/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
9/8/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/8/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/1/2004	0	COMMON COUNCIL	ASSIGNED TO

Number
040564
Version
ORIGINAL
Reference

Sponsor
ALD. HINES
Title
Resolution approving the blight designation of the Bostik Findley, Inc. manufacturing facility at 2900-30 West Center Street for acquisition by the Redevelopment Authority of the City of Milwaukee and authorizing subsequent conveyance to the CAPTA, LLC for industrial development in the 15th Aldermanic District. (Redevelopment Authority)
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 of three privately owned properties for acquisition by the Redevelopment Authority of the City of Milwaukee and authorize the subsequent conveyance according to the conditions in the Land Disposition Report.
Body
Whereas, Bostik Findley, Inc. requested that the Redevelopment Authority of the City of Milwaukee (“Authority”) help market its manufacturing facility at 30th and Center Streets for redevelopment and to use its blight designation authority pursuant to Section 66.1333, Wisconsin Statutes, to facilitate the sale to a third party; and

Whereas, Bostik Findley, Inc. has conducted Phase II environmental testing, has agreed to remediate the site and has applied for a Wisconsin Voluntary Liability Exemption so as to eliminate environmental liability for the Authority and the third-party buyer; and

Whereas, The Authority, in cooperation with the 30th Street Industrial Corridor (“ICC”), solicited proposals for the purchase and redevelopment of the facility so as to encourage job creation and neighborhood revitalization; and

Whereas, Two proposals were received and a review committee recommended acceptance of the offer by CAPTA, LLC, a company related to Lena's Food Markets, the selection of which is acceptable to Bostik Findley, Inc.; and

Whereas, CAPTA, LLC has agreed to acquire and redevelop the property as outlined in a Land Disposition Report, a copy of which is attached to this Co...