Number
050181
Version
ORIGINAL
Reference
Sponsor
ALD. D'AMATO
Title
Resolution approving the Land Disposition Report for the property in Block 25 of the Park East Redevelopment Project Area for sale to Legacy Real Estate Partners, LLC for development of a mixed-use building, in the 3rd Aldermanic District. (Redevelopment Authority)
Analysis
This resolution will permit the Redevelopment Authority to convey said land according to the conditions in the Land Disposition Report.
Body
Whereas, Legacy Real Estate Partners, LLC has offered to purchase the property in Block 25 of the Park East Redevelopment Project Area for development of a mixed-use building; and
Whereas, On May 19, 2005, the Redevelopment Authority of the City of Milwaukee held a Public Hearing on the proposed sale as required by Wisconsin Statutes; and
Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of land, the Redevelopment Authority submits herewith a Land Disposition Report describing the terms and conditions of the proposed sale; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report dated May 19, 2005, with respect to the proposed sale of the following property is approved.
REDEVELOPMENT PROJECT AREA
Park East Redevelopment Project Area
PARCEL ADDRESS
Block 25
REDEVELOPER
Legacy Real Estate Partners, LLC
Drafter
DCD/Redevelopment Authority
MJW:mjw
05/20/05/A