Number
061250
Version
ORIGINAL
Reference
Sponsor
ALD. DONOVAN
Title
Resolution approving the Land Disposition Report for part of a Redevelopment Authority property in the Menomonee Valley Industrial Center for sale to Taylor Dynamometer, Inc., for industrial development, in the 8th Aldermanic District.
Analysis
This resolution permits the Redevelopment Authority to convey said land according to the conditions in the Land Disposition Report.
Body
Whereas, Taylor Dynamometer, Inc., has offered to purchase an approximately 3.4-acre site north of Wheelhouse Road in the Menomonee Valley Industrial Center for development of a corporate office and manufacturing facility; and
Whereas, On January 18, 2007, the Redevelopment Authority of the City of Milwaukee (“Redevelopment Authority”) held a Public Hearing on the proposed land sale as required by Wisconsin Statutes; and
Whereas, Pursuant to Wisconsin Statues 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 January 18, 2007, with respect to the proposed sale of the following property, is approved.
REDEVELOPMENT PROJECT AREA
Milwaukee Road Shops
PARCEL ADDRESS
Part of 3601 West Canal Street
REDEVELOPER
Taylor Dynamometer, Inc.
; and, be it
Further Resolved, That the proper City officials are authorized to execute an Emerging Business Enterprises Agreement with the Redeveloper and the Redevelopment Authority and any other City of Milwaukee easements or documents necessary to close the transaction.
Drafter
DCD/Redevelopment Authority
DAC:dac
01/17/07/D