Number
131207
Version
ORIGINAL
Reference
Sponsor
ALD. BAUMAN
Title
Resolution directing the Department of City Development and the Department of Public Works to continue marketing for the leasing and use of commercial space located at 1118 North 4th Street in the City’s 4th and Highland parking structure.
Analysis
This resolution directs the Department of City Development and Department of Public Works to continue marketing for the leasing and use of commercial space located at 1118 North 4th Street in the City-owned 4th and Highland parking structure for 60 days following the adoption of this resolution. Upon conclusion of the marketing period, the Department of City Development and Department of Public Works shall submit a report of the marketing efforts and results to the Common Council.
Body
Whereas, The City-owned 4th and Highland parking structure contains approximately 8,500 gross square feet of leasable, ground-floor commercial space at 1118 North 4th Street; and
Whereas, The commercial space was most recently used as a restaurant and bar by a business that ceased operations in January, 2013; and
Whereas, The vacant commercial space in the 4th and Highland parking structure represents an unrealized revenue source for the City; and
Whereas, On July 23, 2013, the Common Council adopted Resolution File Number 130413, directing the Department of Public Works or other appropriate department to prepare a Request for Proposals or other appropriate listing documents for the leasing and use of commercial space in the 4th and Highland parking structure; and
Whereas, To date, two proposals have been received by the City; and
Whereas, To maximize potential revenue generation for the City and to seek a suitable use for this commercial space that is consistent with the City’s overall Downtown development goals, it is essential that the City continue marketing this property; now, therefore, be it
Resolved, By the Common Council of the City of Milwauke...
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