Number
120426
Version
SUBSTITUTE 1
Reference
090353
Sponsor
ALD. PEREZ
Title
A substitute ordinance to amend a Development Incentive Zone known as Reed Street Yards, on land located generally west of South 3rd Street and south of the Menomonee Canal, in the 12th Aldermanic District.
Analysis
This substitute ordinance amends a Development Incentive Zone and approves an amendment to Exhibit B relating to performance standards for interim parking. Specifically, the length of time that interim parking shall be permitted will increase from 6 years to 10 years.
Body
Resolved, That the Mayor and Common Council of the City of Milwaukee ("Common Council"), do ordain as follows:
Part 1. There is added to the Milwaukee Code of Ordinances ("Code") a new section to read as follows:
Section 295-1007(2)(b).0022. The zoning map is amended to re-establish the Development Incentive Zone (DIZ) for the properties located at 615 West Oregon Street, Tax Key No. 427-0521-211; 220 South 6th Street, Tax Key No. 428-0516-110; 339 West Pittsburgh Avenue, Tax Key No. 428-0512-114; 305 South 3rd Street, Tax Key No. 428-0322-113; and 223 West Oregon Street, Tax Key No. 428-0322-114.
Part 2. In accordance with the provisions of Section 295-1007(2)(a) of the Code relating to the establishment of Development Incentive Zones, the Common Council approves the list of permitted and prohibited uses, a copy of which is attached to this Common Council File as Exhibit A which is on file in the office of the City Clerk and made a part thereof as though fully set forth herein.
Part 3. In accordance with the provisions of Section 295-1007(2)(a) of the Code relating to the establishment of Development Incentive Zones, the Common Council approves the performance standards, a copy of which is attached to this Common Council File as Exhibit B which is on file in the office of the City Clerk and made a part thereof as though fully set forth herein.
Drafter
DCD:VLK:kdc
08/24/12