Number
210631
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
A substitute ordinance to grant a subterranean space lease to Community Within the Corridor Limited Partnership to occupy and maintain a tunnel running from East-West, between the two main blocks of the Community Within the Corridor redevelopment project at 3100 West Center Street, in the 15th Aldermanic District.
Analysis
In accordance with state law, this ordinance will grant a subterranean space lease to Community Within the Corridor Limited Partnership for the purpose of maintaining an existing tunnel connecting the properties at 2748 North 32nd Street and 3212 West Center Street in the City of Milwaukee, 15th Aldermanic District.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1: FINDINGS. In accordance with the provisions of s. 66.0915(4), Wis. Stats., (2019-2020), the Common Council of the City of Milwaukee authorizes, directs and agrees that the City of Milwaukee, through the proper City officers, enter into a subterranean space lease with Community Within the Corridor Limited Partnership for a term of 99 years for the purpose of allowing Lessee to maintain an existing tunnel connecting the properties at 2748 North 32nd Street and 3212 West Center Street, as described in the lease, and the Common Council of the City of Milwaukee finds that the area described in the lease is not needed for street, alley or other public purposes and that the public interest will be served inasmuch as the leasing of the subterranean space will aid in the development of the neighborhood.
Part 2. Attached and made part of Common Council File No. 210631 is a copy of such lease in substantially the same form as the lease that will be signed.
Part 3. All ordinances or parts of ordinances contravening the provisions of this ordinance are repealed.
Part 4. The Department of City Development, through its real estate section, shall process, at the expense of th...
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