NUMB:
991475
VERS:
SUBSTITUTE 1
REF:
XXBY:
ALD. HENNINGSEN
TITL:
Substitute resolution authorizing the proper City officials to enter into a Streetscape Agreement with Johnson Controls, Inc. for the Brengel Technology Center.
ANLS:
- Analysis -
This substitute resolution approves $153,500 for streetscape improvements adjacent to the new Johnson Controls facility at 525 East Michigan Street; along North Jackson, East Michigan, and North Jefferson Streets.
BODY:
Whereas, Johnson Controls, Inc. is nearing completion on the construction of its 120,000 square foot, $15 million technology center at 525 East Michigan Street; and
Whereas, The facility will be known as the Brengel Technology Center, in honor of its past chairman, and will serve as a national customer service center and showplace for the company's advanced controls technology and its expertise in creating quality building environments; and
Whereas, The company anticipates the project will be home to approximately 90 new administrative, para-professional and managerial positions one year after project completion and up to 350 new jobs within four years; and
Whereas, Johnson Controls, Inc. has requested City of Milwaukee assistance in funding the installation and acquisition of streetscape improvements in those sections of the public way adjoining this facility and their current Controls Group Headquarters at 507 East Michigan Street, i.e., along North Jackson Street, East Michigan Street and North Jefferson Street; and
Whereas, The estimated cost of these street improvements is $153,500; and
Whereas, The City of Milwaukee will benefit from these streetscape improvements by enhancing the pedestrian environment of this area; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the proper City officials are authorized and directed to enter into a Streetscape Agreement subject to the terms outlined in Exhibit A, a copy of which is attached to this Common Council File; and, be it
Further Resolved, That the City Comptroller is directed to transfer up to $153,500 from the Development Fund, Account No. UR03390000 to the budget line 0339-1910-UR03390000 for the purpose of funding this activity; and, be it
Further Resolved, That the City Attorney is directed to draft a Streetscape Agreement consistent with the terms outlined in Exhibit A.
ZDPT:
DFTR:
DCD:JS:arj
01/06/99