NUMB:
970666
VERS:
SUBSTITUTE 1
REF:
970751
XXBY:
ALDERMAN NARDELLI
TITL:
Substitute resolution authorizing and directing the proper City officers to execute an Out-of-Program Agreement between Gorman and Company, Inc. and the City of Milwaukee for construction of public improvements to support the Arbor Ridge apartment development to be located at the southeast corner of West Bradley Road and North 107th Street.
ANLS:
- ANALYSIS - This resolution approves an Out-of-Program Agreement between a private developer and the City whereby the developer will provide up-front funding for public improvements needed for the planned Arbor Ridge apartment complex and the City will provide a partial refund in the year following completion.
BODY:
Whereas, Gorman and Company, Inc. has plans to construct a multi-building apartment complex at the southeast corner of North 107th Street and West Bradley Road; and
Whereas, This development will require various public improvements including the extension of a main water line through the site and a new median opening on North 107th Street; and
(WE 828) 1280 ft. m/l north of W. Calumet Rd. at 600 ft. m/l east of N. 107th St. to 600 ft. m/l south of W. Bradley Rd. at N. 107th St. (828-1585-5) File Number 970751: Water main extension for reinforcement. (Developer Water Fund 42-641---301-0001 -- $195,000)
N. 107th St. - 520 ft. m/l south of W. Bradley Rd.: Median revision. (Developer Paving Fund 72-523---210-8000 -- $50,000)
Whereas, The Common Council has previously approved acceptance of developer funds for preliminary engineering; and
Whereas, Gorman and Company, Inc. now desires to enter into an Out-of-Program Agreement with the City of Milwaukee to provide for construction of the required public improvements; and
Whereas, City policy normally requires residential developers to fund the entire cost of related public improvements when the benefits of such improvements are limited to the p...
Click here for full text