Number
070563
Version
ORIGINAL
Reference
040962
Sponsor
ALD. HINES
Title
Resolution authorizing the exchange of a portion of the former Finney Library property at 4243 West North Avenue for a portion of the adjacent property at 4231-33 West North Avenue with New Covenant Housing Corporation, Inc., in the 15th Aldermanic District.
Analysis
This resolution authorizes the conveyance of Development Property according to the conditions in the Land Disposition Report pursuant to Section 304-49-7, Milwaukee Code of Ordinances, and will permit the City to accept a deed to a portion of the adjacent property.
Body
Whereas, By adoption of File No. 040962 on November 23, 2004, the Common Council of the City of Milwaukee authorized sale of the former Finney Library at 4243 West North Avenue and the adjacent parking lot at 2232-42 North Sherman Boulevard (collectively “Finney Site”) to New Covenant Housing Corporation, Inc. (“New Covenant”) for commercial development in conjunction with its proposed Boulevard Commons housing initiative at 4211-33 West North Avenue; and
Whereas, New Covenant intended to assemble and reconfigure the Finney Site with the Boulevard Commons property and to share parking among the various occupants; and
Whereas, New Covenant is in the final predevelopment stages for Boulevard Commons, but requires additional parking for its commercial tenants because acquisition and redevelopment of the Finney Site has taken longer than originally anticipated; and
Whereas, New Covenant has requested to acquire a rear portion of the Finney Site in exchange for a portion of the Boulevard Commons site to meet its parking needs and facilitate redevelopment of the Finney building; and
Whereas, The parking area at the Finney Site is larger than necessary for the existing building and conveyance of a portion of the site will not adversely affect future redevelopment of the property; and
Whereas, Acquisition by the City of Milwaukee (“City”) of the additiona...
Click here for full text