Number
240476
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving the Land Disposition Report and conveyance of the Redevelopment Authority properties at 2307-09 N. 6th Street, 2317-25 N. 6th Street, 616-20 W. North Avenue, 622 W. North Avenue, 626 W. North Avenue, 628-30 W. North Avenue, 2316-18 N. 7th Street and 2322 N. 7th Street, in the 6th Aldermanic District.
Analysis
Body
Whereas, The N. 7th Street-W. Garfield Ave. Redevelopment Plan was adopted in 1983; Amendment No. 1 was adopted in 1984, in part to eliminate blighting influences and to attract and promote African-American arts, entertainment and culture within the Redevelopment Plan boundary; and
Whereas, Amendment No. 2 to the N. 7th Street-W. Garfield Avenue Redevelopment Plan Project Area was adopted in 2005 to facilitate the Bronzeville Cultural and Entertainment District;
Whereas, The Redevelopment Authority of the City of Milwaukee (“RACM”) owns 2307-09 N. 6th Street, 2317-25 N. 6th Street, 616-20 W. North Avenue, 622 W. North Avenue, 626 W. North Avenue, 628-30 W. North Avenue, 2316-18 N. 7th Street and 2322 N. 7th Street (collectively, the “Properties”); and
Whereas, RACM listed the Properties for sale with a Request for Proposals; it being contemplated that the City property would be transferred to RACM to facilitate the redevelopment, so that all of the properties are under RACM ownership; and
Whereas, Six responses to the RFP were received and the Department of City Development (“DCD”) performed its due diligence regarding the proposals, convened a selection team comprised of City staff and other stakeholders, and subsequently narrowed selection of proposals to the top three finalists; and
Whereas, The top three finalists presented their proposals at the Bronzeville Advisory Committee (“BAC”) and the BAC unanimously recommended the proposal by FIT Investment Group and Lutheran Social Services (collectively referred to as the “Developer”); and
Where...
Click here for full text