Number
040258
Version
SUBSTITUTE 1
Reference
040025
Sponsor
THE CHAIR
Title
Substitute resolution approving a Turnkey Development Agreement for the design, construction and occupancy of a new, combined Department of Public Works and Water Works facility at the Tower Automotive site.
Analysis
This resolution approves a Turnkey Development Agreement for the design, construction and occupancy of a new, combined Department of Public Works and Water Works facility at the Tower Automotive site in the vicinity of North 35th Street and West Keefe Avenue. The Agreement will be between the City (in cooperation with the Redevelopment Authority) and Central Land Company, LLC, with the latter being responsible for site acquisition and preparation, as well as design and construction of the new facility. This resolution also approves the Redevelopment Authority's blight designation of the Tower Automotive site, such designation being a prerequisite to entering into the Agreement.
Body
Whereas, Common Council File Number 040025, adopted May 25, 2004, authorized the Department of Public Works (“DPW”), in cooperation with the Redevelopment Authority of the City of Milwaukee (“RACM”), to pursue relocation of DPW'S Traser Yard facilities and two Milwaukee Water Works water distribution facilities to new facilities to be developed on the Tower Automotive site (“the Site”) in the vicinity of North 35th Street and West Keefe Avenue; and
Whereas, File Number 040025 also authorized and directed the proper City officials, in cooperation with RACM, to negotiate a turnkey development or lease agreement for the design, construction and occupancy of a new, combined DPW and Water Works facility at the Site; and
Whereas, File Number 040025 stipulated that the terms of the turnkey development agreement or lease agreement shall be subject to Common Council review and approval; and
Whereas, DPW and RACM have negotiated a Turnkey Agreement with Central Land Compan...
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