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File #: 130626    Version: 0
Type: Resolution Status: Passed
File created: 9/4/2013 In control: COMMON COUNCIL
On agenda: Final action: 9/24/2013
Effective date:    
Title: Resolution approving the Land Disposition Report for property in the Menomonee Valley Industrial Center for sale to Solaris for development of its corporate office and manufacturing facility, in the 8th Aldermanic District.
Sponsors: ALD. DONOVAN
Indexes: LAND DISPOSITION REPORTS, MENOMONEE RIVER VALLEY, PROPERTY SALES
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Term Sheet as of 9-4-13, 4. Exhibit A to Term Sheet, 5. Exhibit B to Term Sheet, 6. Hearing Notice List
Number
130626
Version
ORIGINAL
Reference

Sponsor
ALD. DONOVAN
Title
Resolution approving the Land Disposition Report for property in the Menomonee Valley Industrial Center for sale to Solaris for development of its corporate office and manufacturing facility, in the 8th 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, The Redevelopment Authority of the City of Milwaukee (“Authority”) has been preparing the Menomonee Valley for industrial development by conducting activities such as environmental remediation, flood mitigation, geotechnical improvements, road construction, surveys and subdivision plat preparation as part of the Menomonee Valley Industrial Center and Community Park; and

Whereas, Solaris has offered to purchase an approximately 5.5-acre portion (net 3.71 acres after deducting unusable area of the parcel) of the Authority’s property that is part of 3760 West Wheelhouse Road, in the northwest portion of the Menomonee Valley Industrial Center and Community Park, for development of its corporate office and manufacturing facility; and

Whereas, On August 15, 2013, the Authority 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 Authority submits herewith a Land Disposition Report, a copy of which is attached to this Common Council File, 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 August 15, 2013 with respect to the proposed sale of the following property, is approved:

REDEVELOPMENT PROJECT AREA

Milwaukee Road Shops

PARCEL ADDRESS

Part of 3760 West Wheelhouse Road, in the northwest portion of the Menomonee Valley Industrial Center and Co...

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