NUMB:
990948
VERS:
SUBSTITUTE 1
REF:
990619
XXBY:
The Chair
TITL:
Substitute resolution authorizing the release of request for proposals for the sale of three City-owned parking structures located at 841 North 7th Street, 724 North 2nd Street and 324 West Highland and further authorizing the Commissioner of Public Works to enter into negotiations with current structure lessors for the purpose of establishing a sale price for parking structures located at 1000 North Water Street and 525 North Milwaukee Street.
ANLS:
-ANALYSIS-
This resolution authorizes the release of Request for Proposals for the purchase of three City-owned parking structures located at 841 North 7th Street, 724 North 2nd Street and 324 West Highland by private operators and authorizes the proper City officials to establish interest and sale prices for two additional City-owned parking structures located at 1000 North Water Street and 525 North Milwaukee Street. Further Common Council approval to transfer all structures to the Redevelopment Authority of the City of Milwaukee would be required before the actual sale of any parking structure would be presented to the Common Council for final approval.
BODY:
Whereas, File 990619, approved by the Common Council on July 29, 1999, authorized the Commissioner of Public Works to prepare a Request for Proposals for the purchase of Milwaukee's 5 downtown parking structures; and
Whereas, A Request for Proposals has been prepared by the Commissioner of Public Works for the sale of three parking structures located at 841 North 7th Street, 727 North 2nd Street and 324 West Highland; and
Whereas, Such Request for Proposals contains the stipulation set forth in File 990619, that the facilities must continue to operate as public parking facilities for a reasonable period of time after the transfer of such properties and that all contracts between the City and private businesses for parking access must be honored for the lif...
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