NUMBER
090788
VERSION
ORIGINAL
REFERENCE
SPONSOR
THE CHAIR
TITLE
Resolution authorizing the Commissioner of Public Works to enter into an Out-of-Program Agreement with UWM Real Estate Foundation, Inc. for the widening and reconstruction of Cambridge Avenue from East North Avenue to a point north and authorizing acceptance of a deed to dedicate the land needed to widen the public right of way.
ANALYSIS
This resolution authorizes the Commissioner of Public Works to execute an Out-of-Program Agreement on behalf of the City of Milwaukee between the UWM Real Estate Foundation, Inc. and the City of Milwaukee. This agreement pertains to the public improvement project on North Cambridge Avenue between East North Avenue and a point north. This project is a result of the construction of the new 188 residential living units, related facilities and retail space, referred to as Cambridge Commons. The resolution also authorizes the City to accept a quit claim deed to dedicate the land needed to widen the street as public right-of-way.
BODY
Whereas, The Developer is the owner of approximately 3.4 acres located at 1436 East North Avenue, Milwaukee, Wisconsin (the “Property”). This Property is more particularly described by Exhibit “?”; and
Whereas, The Developer has requested an agreement that provides for installation of public improvements to serve a residence hall and retail development planned for the site, said improvements to be known as Cambridge Commons; and
Whereas, The Project will consist of approximately 188 residential living units and related facilities and retail space; and
Whereas, The public improvements for the Development could be installed under the terms of an out-of-program agreement upon condition that title to such facilities shall vest in the City of Milwaukee subject to conditions more fully hereinafter stated; and
Whereas, Cambridge Avenue must be widened and altered to accommodate the development and the Developer has agreed to con...
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