Number
181205
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. PEREZ
Title
Substitute resolution authorizing the dedication of a portion of City-owned property at 401 East Greenfield Avenue, as public right-of-way for street purposes, and approving a Land Disposition Report and surplus declaration for the conveyance of 401 East Greenfield Avenue to Komatsu Mining Corp. for the Komatsu Mining Corp. and Harbor District riverwalk projects, in the 12th Aldermanic District.
Analysis
This substitute resolution authorizes the City of Milwaukee to sell the majority of 401 East Greenfield Avenue to Komatsu Mining Corp. for its new headquarters and manufacturing facility in the Harbor District. In addition, a portion of 401 East Greenfield Avenue will be dedicated, as public right-of-way for East Greenfield Avenue, and a portion will be kept by the City of Milwaukee for a riverwalk project.
Body
Whereas, The City of Milwaukee (“City”) owns the property at 401 East Greenfield Avenue (“City Property”) and wishes to sell the majority of the City Property to Komatsu Mining Corp. (“Komatsu”) to enable the construction of a new headquarters and manufacturing facility in the Harbor District, as summarized in a Land Disposition Report and a Due Diligence Checklist, copies of which are attached to this Common Council File; and
Whereas, A portion of the City Property must be dedicated as East Greenfield Avenue (“Dedication Property”) before the City Property can be transferred to Komatsu; and
Whereas, The legal description of the Dedication Property is as follows and is illustrated in Exhibit A, a copy of which is attached to this Common Council File:
That part of Lot 1 of part of the Northwest 1/4 of Section 4, Township 6 North, Range 22 East, a recorded subdivision, described as follows: Commencing at the northwest corner of said Northwest 1/4 Section; thence North 88°29’41” East, along the north line of said Northwest 1/4 Section, 115.42 feet to the southwest corner of ...
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