NUMB:
972008
VERS:
ORIGINAL
REF:
930950
XXBY:
THE CHAIR
TITL:
Resolution approving Amendment No. 3 to the Redevelopment Plan for the Downtown Retail Center Redevelopment Project, in the 4th Aldermanic District. (DCD)
ANLS:
- Analysis -
This resolution will modify the subject Redevelopment Plan to expand the uses permitted in the Plan to allow hotel and residential development at specified locations and delete floor area ratio requirements in the Plan. Subchapter 66.431(11)(a), Wisconsin Statutes, requires Common Council approval subsequent to Redevelopment Authority approval of the recommended modification.
BODY:
Whereas, On May 30, 1978 the Redevelopment Authority of the City of Milwaukee ("Authority") and on May 22, 1978 the Common Council of the City of Milwaukee ("Common Council") approved a Redevelopment Plan for the Downtown Retail Center Redevelopment Project (the "Plan"), and said Plan was modified by Amendment No. 1 approved on February 23, 1987 by the Authority and on February 24, 1987 by the Common Council and by Amendment No. 2 on November 4, 1993 by the Authority and on November 24, 1993 by the Common Council; and
Whereas, In 1984 the Common Council approved comprehensive downtown zoning regulations which support mixed-use developments not specifically listed in the Plan for the Downtown Retail Center Redevelopment Project, therefore, the Authority desires to further modify this Plan to reflect current market and zoning issues; and
Whereas, Subsection 66.431(11)(a), Wisconsin Statutes, which sets forth certain procedures to be followed in this matter, stipulates that an approved project area redevelopment plan may be modified at any time after the lease or sale of the area or part thereof provided that the modification is consented to by the lessees and purchasers and that the proposed modification is adopted by the Authority and then submitted to the Common Council and approved by it; and
Whereas, On April 30, 199...
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