Number
250415
Version
ORIGINAL
Reference
091583, 100261, 141462
Sponsor
ALD. BAUMAN
Title
Resolution approving a lease amendment with the Board of Business Improvement District No. 2 for the Catalano Square property at 138 North Broadway, in the 4th Aldermanic District.
Analysis
This resolution authorizes a lease amendment for a City-owned property and adjacent pedestrian mall according to the conditions outlined in the Second Lease Amendment.
Body
Whereas, By passage of Resolution File No. 091583 in 2010, the Common Council of the City of Milwaukee authorized and directed the Departments of Public Works (“DPW”) and City Development (“DCD”) to commence lease negotiations with the Business Improvement District (“BID”) No. 2 for the City-owned property known as Catalano Square; and
Whereas, Staff from DPW, DCD and the City Attorney’s Office met with representatives of BID No. 2 and negotiated the terms of a long-term lease for Catalano Square; and
Whereas, By passage of Resolution File No. 100261, the Common Council of the City of Milwaukee approved a lease with the Board of Business Improvement District No. 2 for Catalano Square; and
Whereas, The lease with BID No. 2 permits the BID to program activities in the plaza in consideration of it assuming maintenance responsibilities of the park; and
Whereas, The lease facilitates use of and activities in the plaza, ensures public access and establishes maintenance requirements while helping to reduce municipal expenditures; and
Whereas, By passage of Resolution File No. 141462, the Common Council of the City of Milwaukee approved a lease amendment with the Board of Business Improvement District No. 2 for Catalano Square to correct an error in the description of the premises covered by the lease; and
Whereas, The 15-year lease term expired on June 30, 2025, and the BID and City desire to amend the lease again to extend the term to June 30, 2040, a copy of which is attached to this Common Council File; no...
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