City of Milwaukee - File #: 031356

• File #: 031356
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 1/21/2004
• In control: LICENSES COMMITTEE
• Final action: 2/22/2005
• Title: Substitute resolution approving Second Amendment to Access Management Contract between the City of Milwaukee and Milwaukee Access Telecommunication Authority, Inc.
• Sponsors: THE CHAIR
• Indexes: AGREEMENTS, CABLE TELEVISION, COMMUNICATIONS SYSTEMS, MATA

Date	Ver.	Action By	Action	Result	Tally
2/10/2014	1	HISTORIC PRESERVATION COMMISSION	HEARING NOTICES SENT
12/17/2013	0	COMMON COUNCIL	HEARING NOTICES SENT
11/5/2013	0	COMMON COUNCIL	HEARING NOTICES SENT
11/5/2013	1	COMMON COUNCIL	DRAFT SUBMITTED
11/5/2013	1	COMMON COUNCIL	HEARING NOTICES SENT
11/5/2013	1	COMMON COUNCIL	HEARING NOTICES SENT
10/15/2013	0	COMMON COUNCIL	ASSIGNED TO
2/25/2005	2	MAYOR	SIGNED
2/22/2005	2	COMMON COUNCIL	ADOPTED	Pass	14:1
2/8/2005	2	LICENSES COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Speakers: Ronald Leonhardt - City Clerk Vel Wiley - MATA Chuck Henderson - legal counsel for MATA Jim Michalski - Comptroller Pat McDonnell - Assistant City Attorney Phyllis Wilford - 1620 N. 20th St. Sheila Carpenter - Chair of the MATA Board	Pass	4:1
2/1/2005	2	CITY CLERK	DRAFT SUBMITTED
1/31/2005	1	LICENSES COMMITTEE	HEARING NOTICES SENT
1/31/2005	1	LICENSES COMMITTEE	HEARING NOTICES SENT
1/31/2005	1	LICENSES COMMITTEE	HEARING NOTICES SENT
3/4/2004	1	LICENSES COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Speakers: Patrick McDonnell - City Attorney's Office Wally Morics - City Comptroller Mike Daun - Comptroller's Office Jim Michalski - Comptroller's Office Ronald Leonhardt - City Clerk Vel Wiley - Executive Director of Milwaukee Access Telecommunication Authority (MATA) Chuck Henderson - Attorney for MATA Bob Chernow - Financial Specialist for MATA Gloria Miller - Present as representative for G. Spencer Coggs, MATA Board Member Travis Bates - MATA Board Member Sheila Cochran - MATA Board Member Kirsten Richards - MATA Board Member Att. Andre Wright - MATA Board Member Supporters: Damien Nelson - Producer for Channel 14 John Janssen - Outreach Director for Community Shares of Milwaukee Michael Geraghty - Volunteer Video Club Director at Golda Meir Elementary School Jim Hartwig- Board Member of the Milwaukee Center for Independence	Pass	4:0
2/16/2004	0	LICENSES COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Ald. Witkowski moved that the Committee go into closed session pursuant to s. 19.85 (1) (e), Wis. Stats. to formulate negotiating strategies with respect to an amendment to the Access Management contract. The motion prevailed. 5-0 Individuals present: Ronald Leonhardt - City Clerk W. Martin Morics - City Comptroller Michael Daun - Comptroller's Office Jim Michalski - Comptroller's Office Patrick McDonnell - City Attorney	Pass	5:0

Number
031356
Version
Substitute 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution approving Second Amendment to Access Management Contract between the City of Milwaukee and Milwaukee Access Telecommunication Authority, Inc.
Analysis
This resolution authorizes the Second Amendment to the City's Access Management Contract with the Milwaukee Access Telecommunication Authority ("MATA"). Under the amendment, the City Clerk is authorized to provide a grant in the amount of $500,000 for use in refinancing the current first mortgage on MATA's production facility located at 2404 West Clybourn Street (the "Property"). The source of the funding for the grant shall be the sale of certain of the investments that were made with the $5.2 million grant received by the City from Time Warner under the terms of the December 17, 1999 franchise agreement between the City and Time Warner. That grant from Time Warner was invested in order to produce a level quarterly payment of $125,000 per quarter for each quarter of the 17 years of the franchise agreement. The sale of certain investments producing the $125,000 per quarter would allow the City to provide the $500,000 grant to MATA. The current economic conditions and interest rates provide an opportunity to secure substantial savings for MATA over the remaining term of the agreement by refinancing its current mortgage for the production facility. The effect of the $500,000 City Grant will be, as shown in the schedule developed by the City Clerk, a reduction in future scheduled payments to MATA under the agreement.
Body
Whereas, The City, acting pursuant to Common Council Resolution File No. 991747, and the Contractor entered into an April 20, 2000 Access Management Contract (the "Original Agreement"); and

Whereas, The City, acting pursuant to Common Council Resolution File No. 000491, and the Contractor entered into an October 18, 2000 Amendment to the Original Agreement modifying certain appr...