Number
031459
Version
ORIGINAL
Reference
021196
Sponsor
ALD. JOHNSON-ODOM
Title
Resolution approving the Land Disposition Report for the property at 2767-79 North Dr. Martin Luther King Jr. Drive for sale to the Martin Luther King Economic Development Corporation for Phase II of the King Drive Commons initiative, in the 6th Aldermanic District. (Redevelopment Authority)
Analysis
This resolution will permit the Redevelopment Authority to convey said land according to the conditions in the Land Disposition Report.
Body
Whereas, By adoption of File No. 021196 on December 20, 2002, the Common Council of the City of Milwaukee approved the sale of properties to the Martin Luther King Economic Development Corporation for King Drive Commons, a phased, mixed-use initiative in the area bounded by Center and Locust Streets between 1st and 7th Streets; and
Whereas, The property at 2767-79 North Dr. Martin Luther King Jr. Drive was not part of the original proposal, but recently became available and is suitable for inclusion in the project; and
Whereas, The Martin Luther King Economic Development Corporation has offered to acquire this property and develop it with a mixed-use building as part of Phase II of King Drive Commons as summarized in the Land Disposition Report; and
Whereas, On December 18, 2003, the Redevelopment Authority of the City of Milwaukee held a Public Hearing on the proposed sale as required by Wisconsin Statutes; and
Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of land, the Redevelopment Authority submits herewith a Land Disposition Report describing the terms and conditions of the proposed sale; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report dated December 18, 2003, with respect to the proposed sale of the following property is approved.
PROJECT
West Hadley Street - North 3rd Street
PARCE...
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