City of Milwaukee - File #: 141418

• File #: 141418
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 12/16/2014
• In control: COMMON COUNCIL
• Final action: 1/21/2015
• Title: : Resolution approving a lease agreement with Kinder Morgan/Milwaukee Bulk Terminal.
• Sponsors: ALD. BAUMAN
• Indexes: LEASES, PORT OF MILWAUKEE

Date	Ver.	Action By	Action	Result	Tally
1/28/2015	0	MAYOR	SIGNED
1/21/2015	0	COMMON COUNCIL	ADOPTED	Pass	15:0
1/7/2015	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual appearing: Paul Vornholt - Port of Milwaukee	Pass	5:0
12/16/2014	0	COMMON COUNCIL	ASSIGNED TO

Number

141418

Version

Original

Reference

Sponsor

Ald. Bauman

Title:

Resolution approving a lease agreement with Kinder Morgan/Milwaukee Bulk Terminal.

Analysis

This resolution would approve a Lease Agreement with KMBT located on the South Harbor Tract of the City of Milwaukee for .808 acres of property commencing February 1, 2015 and terminating on December 31, 2025 with an additional one 5-year extension term.

Body:

Whereas, Kinder Morgan/Milwaukee Bulk Terminal (KMBT) has been a long term tenant in good standing with the Port of Milwaukee; and

Whereas, KMBT has an existing lease with the Port/City of Milwaukee dated October 24, 1996 as amended; and

Whereas, KMBT will use the property for receiving, storing, handling packaging, and delivery of salt, coal, crushed rock and other dry commodities; and

Whereas, The Board of Harbor Commissioners at their meeting of December 11, 2014 acted by vote of the Board to approve this Lease Agreement; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that said Common Council hereby ratifies and approves the Lease Agreement with Kinder Morgan/Milwaukee Bulk Terminal and the City of Milwaukee, by and through its Board of Harbor Commissioners.

Requester

Port of Milwaukee

Drafter

Paul Vornholt

12/11/2014

i:mbt15lse.808ccres.doc