Number
120730
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. DONOVAN
Title
Substitute resolution approving the Land Disposition Report for part of a Redevelopment Authority property in the Menomonee Valley Industrial Center for sale to Cybros - The Sprouted Bakehouse for development of an office and manufacturing facility, in the 8th Aldermanic District.
Analysis
This substitute 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
Whereas, Cybros - The Sprouted Bakehouse has offered to purchase an approximately 1.9-acre portion of the site lying South of Wheelhouse Road and North of Milwaukee Road for development of a manufacturing facility and its offices; and
Whereas, On September 20, 2012, the Authority held a Public Hearing on the proposed land 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 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 September 20, 2012, with respect to the proposed sale of the following property, is approved.
REDEVELOPMENT PROJECT AREA
Milwaukee Road Shops
PARCEL ADDRESS
Wheelhouse Road
REDEVELOPER
Cybros - The Sprouted Bakehouse
; and, be it
Further Resolved, That the proper City officials are authorized to execute a Small Business Enterprise Agreement with the Redeveloper and the Authority and any other City of Milwaukee easements or documents necessary to close the transaction.
Drafter
DCD-Redevelopment Authority
DPM:dpm
10/03/12