Number
030756
Version
ORIGINAL
Reference
972002
Sponsor
ALD. D'AMATO
Title
Resolution declaring the City-owned parking lot at 1801 North Farwell Avenue surplus to municipal needs and accepting an Option to Purchase from New Land Enterprises, LLP, for mixed-use development, in the 3rd Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will declare the parking lot at 1801 North Farwell Avenue surplus to municipal needs and permit the City of Milwaukee to convey the property according to the conditions in the Land Disposition Report.
Body
Whereas, In Common Council File No. 972002, adopted on May 5, 1998, the Common Council of City of Milwaukee (“Council”) directed the Department of City Development (“DCD”) to market underutilized City-owned parking lots in the 3rd Aldermanic District for sale and development; and
Whereas, The parking lot at 1801 North Farwell Avenue was advertised for sale in accordance with the guidelines established by the Council and several proposals were received prior to the established deadline; and
Whereas, DCD reviewed the submittals and recommends acceptance of the proposal submitted by New Land Enterprises, LLP, who proposes to build a multi-story, mixed-use development as outlined in the Land Disposition Report; and
Whereas, The City Plan Commission has determined that this property is surplus to municipal needs; and
Whereas, Prior to the transfer or sale of the property, an exemption is required from the provision of Common Council File No. 920379, which placed a moratorium on the purchase, sale or construction of any new or existing City parking facilities until a City-wide Transportation Plan is adopted by the Council; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the City-owned parking lot at 1801 North Farwell Avenue is declared surplus to municipal needs and that the development proposal of New Land Enterprises, LLP, is accepted; and, be it
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