Number
201283
Version
ORIGINAL
Reference
Sponsor
ALD. BAUMAN
Title
Resolution approving a Consent and Acknowledgement requested from the City of Milwaukee by Milwaukee Center Management, LLC related to the property located at 111 East Kilbourn Avenue, in the 4th Aldermanic District.
Analysis
This resolution authorizes the City of Milwaukee to sign a Consent and Acknowledgement related to proposed improvements to the Level 2 common areas and building amenities for the building known as Associated Bank River Center at 111 East Kilbourn Avenue.
Body
Whereas, The City of Milwaukee (“City”) is the fee simple owner of certain parcels described as Parcel 1 of Certified Survey Map No. 4762 and Parcel 2 of Certified Survey Map No. 5053 (the “Property”) and lessor under the Galleria Ground Lease dated December 20, 1985, as amended by Amendment of Galleria Ground Lease dated March 2, 1989 (the “Galleria Ground Lease”); and
Whereas, The Redevelopment Authority of the City of Milwaukee (“RACM”) is the lessee under the Galleria Ground Lease; and
Whereas, Milwaukee Center Management, LLC (“MCM”) as sublessee under the Galleria Ground Lease dated March 8, 1989 by and between RACM, as Sublessor, and Milwaukee Overhead Limited Partnership, as Sublessee; as amended by that certain Amendment to Galleria Sublease dated June 1, 1995 by and among RACM, as Sublessor, Milwaukee Overhead Limited Partnership (assignor of Sublessee rights), and Trammel Crow MW, Inc., as Sublessee (assignee of Sublessee rights); as further amended by that Second Amendment of Galleria Sublease dated February 20, 2003 by and among RACM as Sublessor, Trammel Crow MW, Inc. (assignor of Sublessee rights), and GLR Milwaukee Center, LLC, as Sublessee (assignee of Sublessee rights); as assigned by that certain Assignment and Assumption Agreement dated June 12, 2008 from GLR Milwaukee Center, LLC to HUB Properties Trust; and as assigned by that certain Assignment and Assumption Agreement dated March 31,...
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