Number
090799
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
A substitute ordinance to grant an airspace lease to RADR Corporation for an existing railroad bridge crossing E. Becher Street between 123 E. Becher Street and 128 E. Becher Street.
Analysis
In accordance with state law, this ordinance will grant an airspace lease to RADR Corporation for an existing railroad bridge crossing E. Becher Street between 123 E. Becher Street and 128 E. Becher Street.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. FINDINGS. In accordance with the provisions of sec. 66.0915(3), Wis. Stats., (2007-2008), the Common Council of the City of Milwaukee hereby authorizes, directs and agrees that the City of Milwaukee, through the proper city officers, enter into an airspace lease with RADR Corporation for a term of 99 years for the maintenance of an existing railroad bridge crossing E. Becher Street between 123 E. Becher and 128 E. Becher Street, and the Common Council of the City of Milwaukee hereby 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 by such leasing as the structure will continue to aid in promoting commerce in the City of Milwaukee.
Part 2. Attached and made part of the Common Council File No. 090799 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 All ordinances or parts of ordinances contravening the provisions of this ordinance are hereby repealed.
Part 4. The Department of City Development, through its real estate section, shall process, with City department funds, the recording of this ordinance with the Milwaukee County Register of Deeds and shall forward the recording information complete with a final copy of the ordinance and lease to the City Engineer and the City Comptroller.
Part 5. This ordinance shall take effect and be in force from ...
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