Number
040635
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution approving the Redevelopment Plan for the Menomonee Valley "K" Project Area, in the 12th Aldermanic District.
Analysis
If adopted by two-thirds vote of the Common Council membership, this substitute resolution will approve the subject Redevelopment Plan and direct City departments and agencies to work toward implementation of the Plan.
Body
Whereas, Said area was identified as Priority Area D in the Market Study, Engineering, and Land Use Plan for the Menomonee Valley; and
Whereas, The Department of City Development ("DCD") prepares analyses and land use policies for new redevelopment sites and projects; and
Whereas, On June 17, 2004, the Redevelopment Authority of the City of Milwaukee ("RACM") designated boundaries for a revised Menomonee Valley "K" Project Area ("Project Area"), which qualifies as a "blighted area" under Section 66.1333(2m)(b) Wisconsin Statutes; and
Whereas, DCD is responsible for initiating the redevelopment of blighted areas; and
Whereas, The City of Milwaukee ("City") adopted a boundary change for said Project Area (File No. 040392) on July 27, 2004; and
Whereas, The properties within said Project Area need a Redevelopment Plan to guide new economic opportunities and accomplish the goals set forth for Priority Area D; and
Whereas, RACM will convey all parcels within the Project Area boundary to a Developer for a privately owned development of a museum, office, retail and restaurant related uses, parking, an archival repository, and buildings for office and commercial use; and
Whereas, A Redevelopment Plan ("Plan") was prepared in consultation with the Developer, a copy of which is attached to this Common Council File, and is consistent with the Developer's Conceptual Plan for the project as of January 12, 2004, a copy of which is attached to this Common Council File; and
Whereas, Certain streets within ...
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