City of Milwaukee - File #: 972002

• File #: 972002
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 4/7/1998
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 5/5/1998
• Title: Substitute resolution directing the Department of City Development to prepare and implement a marketing plan for the sale and redevelopment of five parking lots in the 3rd Aldermanic District, which plan shall require developers to replace parking for those area residents and businesses directly affected by any new development.
• Sponsors: ALD. D'AMATO
• Indexes: PARKING, PARKING LOTS, PLANNING, REDEVELOPMENT, URBAN

Date	Ver.	Action By	Action	Result	Tally
5/14/1998	2	MAYOR	SIGNED
5/5/1998	2	CITY CLERK	DRAFT SUBMITTED
5/5/1998	2	COMMON COUNCIL	ADOPTED	Pass	14:0
5/5/1998	1	COMMON COUNCIL	AMENDED; Minutes note: ALD. D'AMATO Ald. D'Amato presented a substitute resolution to be substituted in lieu of the resolution recommened for adoption by the Zoning, Neighborhoods and Development Committee and moved for its acceptance. (Substitute 2) The motion prevailed. Ald. D'Amato moved for adoption of the foregoing resolution, as substitute. The motion prevailed.	Pass	14:0
4/28/1998	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Speakers: Ald. Pawlinski, City Attorney-Henin; Marty Collins-Building Inspection; J. Osterman-LRB; DCD-Mark Stein; Donna Schliemann; Richard Stefanik.	Pass	4:0
4/24/1998	1	CITY CLERK	DRAFT SUBMITTED
4/7/1998	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
972002
VERS:
SUBSTITUTE 2
REF:

XXBY:
ALD. D'AMATO
TITL:
Substitute resolution directing the Department of City Development to prepare and implement a marketing plan for the sale and redevelopment of five parking lots in the 3rd Aldermanic District, which plan shall require developers to replace parking for those area residents and businesses directly affected by any new development.
ANLS:
- Analysis -

This substitute resolution will permit the Department of City Development to solicit proposals for the sale and redevelopment of real estate at various locations.
BODY:
Whereas, The City of Milwaukee ("City") owns surface parking lots in the 3rd Aldermanic District that may represent latent economic development opportunity; and

Whereas, The Department of City Development ("DCD") has reviewed the inventory of parking lots to assess the extent to which each serves area businesses and residents, and has reviewed the gross income derived from meters and leases; and

Whereas, The DCD has concluded that the City may realize greater financial benefit in the short term from the sale of such lots and in the long term from taxable investments which can be made thereon; and

Whereas, The DCD recommends that the following five lots be offered for sale for redevelopment purposes provided that replacement parking is included in any such redevelopment and that redevelopment is compatible with the neighborhood in terms of land use and urban design:

1801 North Farwell Avenue: Farwell and Royall - mixed use preferred - 24,120 square feet - assessed $156,000 - replace 100 percent of the parking

1536 North Warren Avenue: Warren and Lyon - residential use preferred - 37,384 square feet - assessed $212,200 - replace 30-40 parking spaces

1912 North Farwell Avenue: Farwell and Kane - mixed use preferred - 17,160 square feet - assessed $147,600 - replace 100 percent of the parking

1816 East Lafayette Place: Prospect and Lafayette - reside...