NUMB:
980507
VERS:
SUBSTITUTE 1
REF:
900839
XXBY:
ALD. WITKOWIAK
TITL:
Substitute resolution authorizing expenditures from the Development Zone/Commercial Development Revitalization Program Account for capital improvements associated with the development of the new parking structure and related campus improvements by Rockwell Automation/Allen Bradley.
ANLS:
- Analysis -
This substitute resolution authorizes and directs the appropriate City officials to transfer $170,000 from the Development Zone/Commercial Development Revitalization Program Account to a new subaccount. The funds will be used for public way improvements to complement the campus improvements being undertaken by Rockwell Automation/Allen Bradley in the general vicinity of North 3rd Street and West Greenfield Avenue.
BODY:
Whereas, The 1998 City budget provides for the Development Zone/Commercial Development Revitalization Program; and
Whereas, The Economic Development Committee, through Common Council File No. 900839, has adopted guidelines for the development of projects for said program; and
Whereas, The City of Milwaukee ("City") has an ongoing commitment to the revitalization of neighborhood commercial areas; and
Whereas, The Rockwell Automation/Allen Bradley campus improvement project is a multi-faceted, multi-year, physical improvement project including the construction of a 1,320 vehicle-$11 million parking structure, a $500,000 plus improvement of the visitor parking lot, as well as the continued upgrading and improvement of additional existing parking facilities, the installation of uniform signage throughout the campus area and more; and
Whereas, This project will contribute significantly to the appearance and revitalization of the immediate residential neighborhood as well as to a reduction in the level of neighborhood traffic congestion; and
Whereas, Rockwell Automation/Allen Bradley has committed more than $11.5 million to this campus improvemen...
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