City of Milwaukee - File #: 050073

• File #: 050073
• Version: 4
• Type: Resolution
• Status: Dead
• File created: 5/3/2005
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 7/26/2005
• Title: Substitute resolution approving a Project Plan and creating Tax Incremental District No. __(Pabst City) and approving the terms of a Cooperation Agreement to implement the Project Plan, in the 4th Aldermanic District.
• Sponsors: ALD. BAUMAN
• Indexes: AGREEMENTS, REDEVELOPMENT, URBAN, TAX INCREMENTAL DISTRICTS

Date	Ver.	Action By	Action	Result	Tally
7/26/2005	4	CITY CLERK	DRAFT SUBMITTED
7/26/2005	3	COMMON COUNCIL	AMENDED; Minutes note: Motion by Ald. Bob Bauman to amend Common Council File Number 050073 and the term sheets relating thereto: I move to amend the motion approved on July 5, 2005, by the Zoning, Neighborhood and Development Committee relating to provision of year round trolley service to read: Require the developer to provide not less than $480,000 per year plus annual CPI increases for the first 10 years of the TIF, >>upon completion of the project,<>that will connect the Pabst City Development with the Central Business District.<<	Pass	12:3
7/26/2005	3	COMMON COUNCIL	AMENDED; Minutes note: Motion by Ald. Michael McGee to amend Common Council File Number 050073 and the term sheets relating thereto: The term sheets were previously amended by motion of Ald. Hamilton and Ald. Wade, as approved by the Zoning & Neighborhood Development Committee on July 5, 2005, to require a minimum EBE participation rate of 25% and a minimum RPP rate of 30%. I move to further amend the term sheets to provide that if the developer does not meet the minimum EBE participation rate of 25% and the minimum RPP rate of 30%, the developer shall contribute to the City of Milwaukee the difference between the monetary value of the requirement and the monetary value of the actual achievement. Funds so received by the City shall be deposited in a special purpose account under the control of the Common Council to be designated to fund job training programs, and entrepreneurial training and entrepreneurial grant and loan programs, within the city.	Pass	14:1
7/26/2005	3	COMMON COUNCIL	AMENDED; Minutes note: Motion by Ald. Bob Bauman to amend Common Council 050073 and the term sheets related thereto: 1. I move to amend the text of resolution file number 050073 by inserting the following as paragraph "f" and paragraph "g" under Item #2 in the final Further Resolved clause to read: f. The Commissioner of City Development is directed to submit quarterly reports to the Common Council regarding the implementation of the Pabst City project. g. The Department of Administration is directed to provide quarterly reports to the Common Council on the operation and results of the job training component. 2. I move to amend the term sheets to provide that the City's Department of Administration shall administer the job training component of the TID, and that DOA shall structure the job training component to ensure that training opportunities are available to residents throughout the entire city of Milwaukee. 3. I move to amend the term sheets relating to "Conditions of Funding," specifically paragraph "D," to require that the Commissioner of City Development shall obtain the concurrence of the City Attorney and the Comptroller before approving the leases for the anchor tenants as a condition of releasing TID funds to the Developer.	Pass	15:0
7/26/2005	3	COMMON COUNCIL	AMENDED; Minutes note: Motion by Ald. Jim Witkowiak to amend Common Council File Number 050073 and the term sheets relating thereto: I move to amend the motion offered by Ald. Bob Bauman and approved by the Common Council today, July 26, 2005, to read: Require the developer to provide not less than [[$480,000]] >>$240,000<< per year plus annual CPI increases for the first 10 years of the TIF…	Fail	2:13
7/26/2005	3	COMMON COUNCIL	AMENDED; Minutes note: Motion by Ald. Bob Bauman to amend Common Council File Number 050073 and the term sheets related thereto: I move to amend the text of resolution file number 050073 by deleting the next to last Further Resolved clause which references motions undertaken by the Zoning, Neighborhoods and Development Committee on July 5, 2005, and inserting in lieu thereof a Further Resolved clause to read as follows: Further Resolved, That the appropriate city officials including the City Attorney, the Commissioner of City Development, and the City's Comptroller, are directed to negotiate with the developer to fulfill the intent of the motions to amend the term sheets as approved by the Common Council.	Pass	15:0
7/26/2005	4	COMMON COUNCIL	ADOPTED	Fail	6:9
7/6/2005	3	CITY CLERK	DRAFT SUBMITTED
7/6/2005	2	COMMON COUNCIL	REFERRED TO; Minutes note: Ald. McGee moved that this file be HELD in Council. Ald. McGee withdrew his motion.	Fail	6:9
7/6/2005	2	COMMON COUNCIL	HELD IN COUNCIL	Pass	4:11
7/6/2005	2	COMMON COUNCIL	RECONSIDERED	Pass	10:5
7/6/2005	2	COMMON COUNCIL	HELD IN COUNCIL; Minutes note: Ald. Bauman moved Amendment #1 deleting the following "Further Resolved" clause from the resolution: "Further Resolved, That the appropriate city officials shall submit the finalized development agreement to the full Common Councifor its review and approval by separate resolution; and be it" On the amendment: PASS: Hamilton, Davis, Bauman, Wade, Donovan, Witkowiak, Witkowski, Hines AYE Ald. Bauman moved Amendment #2 amending the motion approved on July 5, 2005, by the Zoning, Neighborhoods and Development Committee relating to the provision of year-round trolley service to read: "Require the developer to provide not less than $480,000 per year plus annual CPI increases for the first 10 years of the TIF, upon completion of the project, to fund year-round trolley services or other fixed transit services as they may enhance or replace such trolley services, that will connect the Pabst City Development with the Central Business District."	Pass	3:12
7/6/2005	2	CITY CLERK	DRAFT SUBMITTED
7/5/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	AMENDED; Minutes note: Individuals present and speakers: Rocky Marcoux and Jim Scherer -Dept. of City Development Tom Gartner - City Attorney's Office Dan McCarthy - WISPARK Jerry Franke - Juneau Avenue Partners - developer Ald. Willie Hines Wally Morics and Mike Daun - Comptroller's Office Rob Pundit - CH Johnson Consulting Blunt Hunter - Blunt Hunter Consulting Att. Bruce Block Mark Levine - UWM Center for Economic Development Ald. Joe Davis Mark Levine - UWM Center for Economic Development Speakers from the Public: Johnny Vassallo - Mo's Supporters: Ralph Hollmon - Milwaukee Urban League Doug Neilson - Visit Milwaukee Robert Gonzalez - City of Milwaukee - National Association of Minority Contractors of Wisconsin Eric Parker - Wisconsin Regional Training Partnership Opponents: Chris Kliesmet - Citizens for Responsible Government Craig Peterson - 413 N. 2nd St. David Halbrooks - 2924 E. Linnwood Ave. RECESS: 7:35 P.M. RECONVENE: 8:01 P.M. Motion #1 -- Ald. Hamilton moves to amend the term sheets to require a minimum EBE participation rate of 25% and a minimum RPP participation rate of 30%; and insert 2 additional Further Resolved clauses immediately preceding the existing final Further Resolved clause, as follows: Further Resolved, That the appropriate city officials including the City Attorney, Commissioner of City Development, and the City Comptroller, are directed to negotiate with the developer to fulfill the intent of the motions to amend the term sheets as approved by the Zoning and Neighborhood Development Committee on July 5, 2005; and, be it Further Resolved, That the appropriate city officials shall submit the finalized development agreement to the full Common Council for its review and approval by separate resolution; and, be it Vote: Prevailed. 5-0 Motion #2 -- Ald. D'amato moves to amend the term sheets to require the developer to provide not less than $480,000 per year plus annual CPI increases for the first 10 years of the TIF, to fund year round trolley services or other fixed transit services as they may enhance or replace such trolley services, to include service to all existing and future Business Improvement Districts within a 3-mile radius of Pabst City. Vote: Prevailed. 5-0 Motion #3 -- Ald. D'Amato moves to amend the term sheets to require that leases for the House of Blues, Gameworks, and the cinemaplex, must provide that each lease be for 10 years with no option for the lessees to opt out of their respective leases. Vote: Prevailed. 5-0 Motion #4 -- Ald. D'Amato moves to amend the term sheets to establish a tax incremental financing district for Pabst City which provides city funding in the amount of $18 million as a city contribution for “Infrastructure Improvements” to include $2 million for job training, and $23 million in incremental revenues to be repaid to Juneau Avenue Partners, LLC through a Cooperation, Contribution and Development Agreement to be drafted by the appropriate city officials, including the City Attorney, Commissioner of City Development, and the City Comptroller, for a total TIF project of $41 million including associated financing costs as determined by the City Comptroller. Withdrawn.	Pass	5:0
7/5/2005	2	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	3:2
6/30/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/30/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/30/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/30/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/30/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/30/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/30/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/27/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/27/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/17/2005	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Individuals present: Jerry Franke - developer (Wispark) Rocky Marcoux - Dept. of City Development Jim Scherer - Dept. of City Development Dan McCarthy - Director of Urban Development for Wispark Mr. McCarthy will provide the committee with the national calculations that predict the number of jobs/salaries per square foot for developments. Martha Brown - Dept. of City Development Tom Gartner - City Attorney's Office Mike Daun - Comptroller's Office Pat O'Brien - president of the Milwaukee Development Corp. Randi Birth - BigStep Program Pamela Fendt - Center for Economic Development at UW-M Frederick Gordon - taxpayer Michael Whitcomb - attorney for various downtown businesses Peter Jest - Shank Hall Make videotape from Mr. Jest part of the record, by Ald. Murphy. Prevailed. 4-0 (Ald. Wade excused) Jim Plaisted - represents various east side businesses Marty Wall - 6730 W. Lisbon Ave.	Pass	4:0
5/12/2005	1	CITY CLERK	DRAFT SUBMITTED
5/9/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/9/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/9/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/3/2005	0	COMMON COUNCIL	ASSIGNED TO

Number
050073
Version
SUBSTITUTE 4
Reference

Sponsor
ALD. BAUMAN
Title
Substitute resolution approving a Project Plan and creating Tax Incremental District No. __(Pabst City) and approving the terms of a Cooperation Agreement to implement the Project Plan, in the 4th Aldermanic District.
Analysis
This substitute resolution approves a tax incremental district Project Plan to redevelop the former Pabst Brewing Company complex at North 8th Street and West Juneau Avenue into a mixed-use complex consisting of 466,000 square feet of retail and commercial space, 282,000 square feet of office space, 250 apartment and condominium units and 3,800 stalls of parking, at a total estimated cost of $315 million, of which the City, subject to certain adjustments, shall provide up to $39 million of funding (plus approximately $2 million for administration and job training), all to be funded with the proceeds of general obligation borrowing.
Body
Whereas, Chapter 105 of the Laws of 1975 of the State of Wisconsin with amendments from other chapters of said Laws created Section 66.1105, Wisconsin Statutes, titled "Tax Increment Law"; and

Whereas, Section 66.1105(4) of the Tax Increment Law sets forth certain criteria that the Common Council of the City of Milwaukee ("Common Council") and the Redevelopment Authority of the City of Milwaukee ("Authority") must follow to create a Tax Incremental District ("District" or "TID") and approve a Project Plan for the District; and

Whereas, Pursuant to Section 66.1105(4)(a) through (gm), Wisconsin Statutes, the Authority conducted a public hearing on the Project Plan for the Pabst City Tax Incremental District, designated the boundaries of the District, recommended that the District be created and submitted such recommendation to the Common Council for approval with a proposed Project Plan for Tax Incremental District No. __, City of Milwaukee (the "Plan"), a copy of which is attached to this Common Council File;...