Number
131286
Version
ORIGINAL
Reference
Sponsor
ALD. COGGS
Title
Resolution approving the Land Disposition Report for the properties at 510 to 540 West North Avenue for conveyance to Maures Development Group, LLC and CommonBond Communities, Inc. for assemblage with adjacent property for mixed-use development, in the 6th Aldermanic District.
Analysis
This resolution will permit the Redevelopment Authority to convey property according to the conditions in the Land Disposition Report.
Body
Whereas, Maures Development Group, LLC and CommonBond Communities, Inc. (the "Developers") have proposed to create a new limited liability company to develop a mixed-use building in the Bronzeville Cultural and Entertainment District; and
Whereas, The Developers have offered to purchase from the Redevelopment Authority of the City of Milwaukee ("Authority") the properties at 510 to 540 West North Avenue for assemblage with adjacent privately owned property for the development; and
Whereas, On December 19, 2013, the Authority held a Public Hearing on the proposed conveyance 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, a copy of which is attached to this Common Council File, 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 December 19, 2013, with respect to the proposed sale of the following properties is approved.
REDEVELOPMENT PROJECT AREA
North 7th Street & West Garfield Avenue/Bronzeville
PARCEL ADDRESSES
510 West North Avenue, 522 West North Avenue, 530 West North Avenue and 540 West North Avenue
DEVELOPERS
Maures Development Group, LLC and CommonBond Communities, Inc. or assigns
Drafter
DCD/Redevelopment Authority
DA:bmm
12/17/13/B