City of Milwaukee - File #: 061024

• File #: 061024
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/14/2006
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 12/12/2006
• Title: Substitute resolution conditionally approving an amended Land Disposition Report for the Redevelopment Authority-owned properties at 2601 West Wisconsin Avenue and 612-20 North 26th Street for sale to Sherman Associates, Inc., for mixed-use development, in the 4th Aldermanic District.
• Sponsors: ALD. BAUMAN
• Indexes: LAND DISPOSITION REPORTS, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
12/21/2006	1	MAYOR	SIGNED
12/12/2006	1	COMMON COUNCIL	ADOPTED	Pass	14:0
12/11/2006	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	Minutes note: Acceptance of Proposed Sub. A
12/11/2006	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
11/29/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/28/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Individuals present: Elaine Miller - Dept. of City Development Maria Prioletta - Dept. of City Development Held because the local alderman didn't support the language of the text related to the authority granted to the Commissioner of the Dept. of City Development and the sale price.	Pass	5:0
11/20/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/20/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/20/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/14/2006	0	COMMON COUNCIL	ASSIGNED TO

Number
061024
Version
SUBTITUTE 1
Reference
051102
Sponsor
ALD. BAUMAN
Title
Substitute resolution conditionally approving an amended Land Disposition Report for the Redevelopment Authority-owned properties at 2601 West Wisconsin Avenue and 612-20 North 26th Street for sale to Sherman Associates, Inc., for mixed-use development, in the 4th Aldermanic District.
Analysis
This resolution will permit the Redevelopment Authority to convey said land according to the conditions in the Land Disposition Report.
Body
Whereas, By adoption of File No. 051102 on January 18, 2006, the Common Council of the City of Milwaukee approved the sale of property at 2601 West Wisconsin Avenue for development of a mixed-use building containing approximately 15,000 square feet of retail space and 70 rental housing units that would be financed in part through affordable housing tax credits allocated by the Wisconsin Housing and Economic Development Authority (“WHEDA”); and

Whereas, Said resolution also authorized the sale of the Redevelopment Authority of the City of Milwaukee’s (“Redevelopment Authority”) property at 612 and 620 North 26th Street for assemblage with an adjacent property for construction of additional housing units for homeownership to complement the primary development site; and

Whereas, The Redeveloper did not receive a 2006 tax-credit allocation from WHEDA, but has worked with WHEDA and will be resubmitting its application for a 2007 allocation and requested reauthorization of its proposal; and

Whereas, On November 16, 2006, the Redevelopment Authority held a Public Hearing on the proposed reauthorization of an Option to Purchase for sale of the property 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; and

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