Number
021269
Version
ORIGINAL
Reference
011164
Sponsor
THE CHAIR
Title
Resolution approving the blight designation of the privately owned property at 725 West Virginia Street for acquisition by the Redevelopment Authority of the City of Milwaukee, in the 12th Aldermanic District. (Redevelopment Authority)
Analysis
Adoption of this resolution by at least two-thirds vote of the Common Council of the City of Milwaukee will approve the blight designation of the privately owned property at 725 West Virginia Street, authorize its acquisition by the Redevelopment Authority of the City of Milwaukee using the Spot Acquisition procedures set forth in Section 66.1333, Wisconsin Statutes, and identify a funding source for the project.
Body
Whereas, In Common Council File No. 011164 adopted March 5, 2002, the Common Council of the City of Milwaukee ("Council") deemed it desirable and in the public interest that the Redevelopment Authority of the City of Milwaukee ("Authority") undertake and carry out an urban renewal program under the Housing and Community Development Act of 1974, as amended, ("Act") and authorized and directed the Authority to prepare Spot Acquisition Projects; and
Whereas, To eliminate blight and promote redevelopment, the Authority proposes to use its powers pursuant to Section 66.1333(5)(c), Wisconsin Statutes, to acquire the privately owned property at 725 West Virginia Street, Tax Key No. 427-0026-100-4 ("Project"); and
Whereas, The Authority has submitted an application to the City of Milwaukee ("City") for the necessary financial assistance under such Act and for such other assistance as may be necessary for undertaking and carrying out such Project; and
Whereas, Proper notice was given to the owner of record and a Public Hearing was conducted on December 19, 2002 by the Authority pursuant to the provisions of Wisconsin Statutes after which the Authority determined the subject property to be a blighted property within...
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