City of Milwaukee - File #: 040964

• File #: 040964
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 11/3/2004
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 11/23/2004
• Title: Resolution authorizing the transfer and expenditure of $200,000 from the Development Fund to facilitate new commercial development in the North 27th Street - West Fond du Lac Avenue Redevelopment Project Area in the 7th Aldermanic District. (Redevelopment Authority)
• Sponsors: THE CHAIR
• Indexes: DEVELOPMENT FUND, ECONOMIC DEVELOPMENT, REDEVELOPMENT AUTHORITY

Date	Ver.	Action By	Action	Result	Tally
12/1/2004	0	MAYOR	SIGNED
11/23/2004	0	COMMON COUNCIL	ADOPTED	Pass	15:0
11/16/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Speakers: Elaine Miller, Dept. of City Development Bob Weillenstein, CFSC Properties, LLC Joseph Minorik, Architect, LaMacchia Group	Pass	5:0
11/9/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/9/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/3/2004	0	COMMON COUNCIL	ASSIGNED TO

Number
040964
Version
ORIGINAL
Reference
021211
Sponsor
THE CHAIR
Title
Resolution authorizing the transfer and expenditure of $200,000 from the Development Fund to facilitate new commercial development in the North 27th Street - West Fond du Lac Avenue Redevelopment Project Area in the 7th Aldermanic District. (Redevelopment Authority)
Analysis
This resolution will permit the Redevelopment Authority to spend $200,000 toward the removal and proper disposal of former building foundations and debris that are impeding redevelopment of the new commercial retail center being proposed by CFSC Properties, LLC.
Body
Whereas, The Redevelopment Authority of the City of Milwaukee (“Authority”) acquired several vacant lots at the southeast corner of West Fond du Lac Avenue, North 27th Street and West Center Street from the City of Milwaukee (“City”) in 1981 as part of the North 27th Street - West Fond du Lac Avenue Redevelopment Project Area; and

Whereas, The vacant lots acquired from the City were primarily tax-deed properties where the improvements had been razed prior to acquisition by the City and contain old foundations and debris and that are intermingled with low-level environmental contaminants; and

Whereas, By adoption of File No. 021211 on January 22, 2003, the Common Council approved the sale of the Authority's properties to CFSC Properties, LLC (“CFSC”) for assemblage with its adjacent properties for commercial development; and

Whereas, A geotechnical investigation conducted by CFSC and environmental testing conducted by the Authority revealed poor subsoil conditions due to the old foundations and debris combined with low-level environmental contaminants; and

Whereas, The poor subsoil conditions have dramatically increased CFSC's construction costs and have rendered the project economically infeasible; and

Whereas, Providing $200,000 from the Development Fund from the 2004 Capital Budget to reimburse CFSC for extraordinary s...