City of Milwaukee - File #: 990619

• File #: 990619
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 7/13/1999
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 7/29/1999
• Title: Substitute resolution directing the Commissioner of Public Works to prepare a request for proposals relating to the sale of the City of Milwaukee's 5 downtown parking structures, subject to Common Council approval of the request for proposals.
• Sponsors: ALD. KALWITZ, ALD. HENNINGSEN
• Indexes: BIDS, CENTRAL BUSINESS DISTRICT, OFF STREET PARKING, PARKING, PARKING GARAGES

Date	Ver.	Action By	Action	Result	Tally
8/6/1999	1	MAYOR	SIGNED
7/29/1999	1	COMMON COUNCIL	ADOPTED	Pass	13:3
7/27/1999	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
7/23/1999	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
7/22/1999	1	PUBLIC SAFETY COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED	Pass	4:1
7/16/1999	1	PUBLIC SAFETY COMMITTEE	HEARING NOTICES SENT
7/16/1999	1	CITY CLERK	DRAFT SUBMITTED
7/14/1999		PUBLIC SAFETY COMMITTEE	REFERRED TO
7/13/1999	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
990619
VERS:
SUBSTITUTE 1
REF:

XXBY:
ALD. KALWITZ AND HENNINGSEN
TITL:
Substitute resolution directing the Commissioner of Public Works to prepare a request for proposals relating to the sale of the City of Milwaukee's 5 downtown parking structures, subject to Common Council approval of the request for proposals.
ANLS:
- Analysis -

This resolution directs the Commissioner of Pubic Works to prepare a request for proposals relating to the sale of the City of Milwaukee's 5 downtown parking structures. The Commissioner shall submit the request for proposals to the Common Council for review and approval.
BODY:
Whereas, The City of Milwaukee has built and maintained parking structures for the purpose of providing sheltered, off-street public parking in the Central Business District since 1961; and

Whereas, The City of Milwaukee currently owns the following 5 downtown parking structures:

1. 535 North Milwaukee Street, 520 spaces, leased for private use.

2. 1000 North Water Street, 1,542 spaces, public parking.

3. 841 North 7th Street, 1,418 spaces, public parking.

4. 324 West Highland, 933 spaces, public parking.

5. 724 North 2nd Street, 491 spaces, public parking.

; and

Whereas, Private investment in the Central Business District in recent years has increased the availability of off-street public parking, thereby creating more competition for City-owned parking facilities; and

Whereas, Revenue from the operation of City parking structures has been insufficient to pay debt service associated with the construction and capital maintenance of such facilities, resulting in the continued withdrawal of parking fund reserves; and

Whereas, The sale of these parking structures may be in the City's fiscal interest; and

Whereas, The sale of these parking structures to the private sector would result in the placement of the structures on the property tax rolls, thereby enhancing the City's tax base; now, therefore, ...