Number
080940
Version
ORIGINAL
Reference
Sponsor
ALD. COGGS
Title
Resolution to facilitate development of Heart and Hope Place by approving the blight designation and acquisition by the Redevelopment Authority of seven City-owned vacant lots and authorizing conveyance of the lots and one Authority-owned property to the Maures Development Group, LLC, in the 6th Aldermanic District.
Analysis
Adoption of this resolution by at least two-thirds vote of the Common Council will approve the blight designation and acquisition of the properties by the Redevelopment Authority utilizing the procedures set forth in Section 66.1333, Wisconsin Statutes, and will authorize subsequent conveyance of these properties and other Authority-owned property to a third party for redevelopment according to the conditions in the Blight Designation Summary and Land Disposition Report.
Body
Whereas, Maures Development Group, LLC desires to construct a mixed-use building in the 3300 block of North Dr. Martin Luther King Jr. Drive and scattered site residential units in the surrounding blocks using affordable housing tax credits that it recently received from the Wisconsin Housing and Economic Development Authority; and
Whereas, Development of Heart and Hope Place requires that the City of Milwaukee ("City") and the Redevelopment Authority of the City of Milwaukee ("Authority") properties be under common ownership to facilitate document preparation; and
Whereas, The Authority proposes to acquire City-owned vacant lots at 3362-84 and 3400 North Dr. Martin Luther King Jr. Drive, 3432, 3446-48, 3451-53 and 3457-59 North 4th Street and 3470 North 5th Street to create development parcels, as summarized in the Blight Designation Summary and Land Disposition Report, a copy of which is attached to this Common Council File; 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 ("Common Co...
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