Number
050186
Version
ORIGINAL
Reference
Sponsor
ALD. D'AMATO
Title
Resolution approving the Land Disposition Report for the properties at 1152-58 East Kane Place for sale to Kane Place, LLC for residential development, in the 3rd Aldermanic District. (Redevelopment Authority)
Analysis
This resolution will permit the Redevelopment Authority to convey said land according to the conditions in the Land Disposition Report.
Body
Whereas, Kane Place, LLC has offered to purchase the Redevelopment Authority-owned property at 1152-58 East Kane Place and assemble the land with its adjoining property for development of Kane Commons, a 13-unit courtyard condominium; and
Whereas, On May 19, 2005, the Redevelopment Authority of the City of Milwaukee 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 Redevelopment Authority submits herewith a Land Disposition Report 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 May 19, 2005, with respect to the proposed sale of the following properties is approved.
REDEVELOPMENT PROJECT AREA
Blight Elimination/East Village Neighborhood
PARCEL ADDRESSES
1152-54 and 1158 East Kane Place
REDEVELOPER
Kane Place, LLC
Drafter
DCD/Redevelopment Authority
EMM:bmm
05/20/05/A