NUMB:
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution authorizing and directing the Commissioner of Public Works to accept deposit funds from American Stores Properties, Inc., to cover the cost of preliminary engineering and design services for public improvements to be installed in conjunction with a proposed commercial development to be located at the southeast corner of North Humboldt Boulevard and East North Avenue.
ANLS:
- ANALYSIS - This resolution authorizes the Commissioner of Public Works to accept a deposit of $75,000 from the developer of the proposed commercial development to be located at the southeast corner of North Humboldt Boulevard and East North Avenue. These funds would be used to undertake preliminary engineering for the public improvements that would be constructed as part of the project.
BODY:
Whereas, American Stores Properties, Inc., owns the approximately 13 acre vacant parcel of land located at the southeast corner of North Humboldt Boulevard and East North Avenue; and
Whereas, American Stores has applied to the City of Milwaukee for a zone change that would permit construction of a commercial development on the site; and
Whereas, Development of the project will require various public improvements, said improvements to be funded via an Out-of-Program Agreement between the developer and the City of Milwaukee; and
Whereas, The City of Milwaukee has not approved the required Out-of-Program Agreement nor has it approved the required rezoning of the development site; and
Whereas, Even though all the necessary approvals have not yet been given, the Developer still wishes the City to proceed with preliminary design of the required public improvements; and
Whereas, The developer is willing to submit a letter to the City acknowledging that additional City approvals are necessary for the project to proceed and that the developer is willing to risk that those funds actually expended on preliminary engi...
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