Number
030671
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. HENNINGSEN
Title
Substitute resolution declaring the former Erie Street Dock surplus to City needs and authorizing the execution of the Harbor Front Development Agreement, in the 4th Aldermanic District.
Analysis
This substitute resolution declares the former Erie Street Dock surplus to City needs and authorizes City execution of the Harbor Front Development Agreement in accordance with the Term Sheet.
Body
Whereas, The City of Milwaukee ("City") owns 642 East Erie Street, Tax Key Nos. 392-2197-000 and part of 392-2198-100 (herein called the "Erie Street Dock"); and
Whereas, Renner Architects, LLC ("Renner") and entities owned by or relating to Renner (herein Renner and such other entities are herein individually and collectively called the "Developer") wish to construct an approximately 160 residential unit condominium with mixed commercial space and a riverwalk, in phases (herein called the "Project"), on a tract of land that includes the Hansen Storage Company Warehouse parcel at 541 East Erie Street and also portions of the Erie Street Dock; and
Whereas, The Term Sheet, a copy of which is attached to this Common Council File, outlines the Project and Developer and City involvement therein ("Term Sheet"); and
Whereas, In 1972 via Common Council File No. 72-1073, the Common Council had turned the Erie Street Dock over to the Board of Harbor Commissioners ("BHC") for development in port-related use; and
Whereas, The BHC, at its September 26, 2003 meeting, acknowledged that the Erie Street Dock, as depicted on the Map attached to the Term Sheet ("Map"), is surplus to BHC needs; and
Whereas, The City Plan Commission, in accordance with Section 62.23(5), Wisconsin Statutes, at its September 29, 2003 meeting, concurred with the BHC action declaring the Erie Street Dock surplus to City needs and approved the Term Sheet as being consistent with the City's Comprehensive Pl...
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