Number
010933
Version
ORIGINAL
Reference
001364
Sponsor
THE CHAIR
Title
Resolution approving the blight designation of the privately owned properties at 3409-11 West North Avenue and 3419-23 West North Avenue for acquisition by the Redevelopment Authority of the City of Milwaukee, the surplus declaration of adjacent City-owned properties and authorizing the subsequent conveyance to MB Real Estate Investment, LLC, or its assigns, for commercial redevelopment, in the 17th Aldermanic District. (Redevelopment Authority)
Analysis
Adoption of this resolution by at least two-thirds vote of the Common Council of the City of Milwaukee will approve the blight designation of the privately owned properties at 3409-11 and 3419-23 West North Avenue for acquisition by the Redevelopment Authority of the City of Milwaukee using the Spot Acquisition procedures set forth in Section 66.1333, Wisconsin Statutes, and using Block Grant funds, declare surplus the adjacent City-owned properties and authorize the subsequent conveyance of the properties according to the conditions in the Land Disposition Report.
Body
Whereas, In Common Council File No. 001364 adopted February 27, 2001, the Common Council of the City of Milwaukee ("Council") deemed it desirable and in the public interest that the Redevelopment Authority of the City of Milwaukee ("Authority") undertake and carry out an urban renewal program under the Housing and Community Development Act of 1974, as amended ("Act"), and authorized and directed the Authority to prepare Spot Acquisition Projects ("Projects"); and
Whereas, The Authority submitted an application to the City for the necessary financial assistance under such Act and for such other assistance as may be necessary for undertaking and carrying out such Projects; and
Whereas, The Authority proposes to use its blight designation authority pursuant to Section 66.1333(5)(c), Wisconsin Statutes, to acquire the privately owned properties at 340...
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