Number
171430
Version
SUBSTITUTE 1
Sponsor
ALD. BAUMAN
Title
A resolution approving a lease between the City of Milwaukee and the Wisconsin Center District for the Arena Connector Pedestrian Mall, in the 4th aldermanic district.
Analysis
This resolution approves and authorizes the signing of a lease for the Arena Connector Pedestrian Mall.
Body
Whereas, By passage of Ordinance File No. 171429, the Common Council of the City of Milwaukee created Section 113-22 of the Milwaukee Code of Ordinances to establish the Arena Connector Pedestrian Mall pursuant to Sections 62.71 and 66.0905, Wisconsin Statutes; and
Whereas, City staff negotiated the terms of a long-term lease, a copy of which is attached to this Common Council File, (“Lease”) with the Wisconsin Center District (the “District”) for the Arena Connector Pedestrian Mall (“Pedestrian Mall”) to allow the Pedestrian Mall to be developed into and used as a part of the Bucks arena and entertainment block development; and
Whereas, The Lease with the District permits the District to sublease the Pedestrian Mall to Deer District LLC, or its affiliate, under the same terms and conditions as contained in the Lease; and
Whereas, Deer District LLC, as the sub-lessee of the Pedestrian Mall, prepared the designs for the Pedestrian Mall which designs are attached to the Lease and are consistent with the detailed planned development zoning of the parcels adjacent to the Pedestrian Mall that was approved by the City of Milwaukee by passage of Common Council File No. 170900 on November 28, 2017, now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Lease with the Wisconsin Center District for the Arena Connector Pedestrian Mall is approved; and, be it
Further Resolved, That the designs for the Pedestrian Mall attached as an exhibit to the Lease are approved; and, be it
Further Resolved, That the appropriate City officials are authorized to execute the Lease with the Wi...
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