Number
031739
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing the proper City officers to enter into an Out-of-Program Agreement between the City of Milwaukee and Pier Wisconsin Ltd. regarding design, construction, and funding of water, sewer, and paving improvements required in conjunction with development of the Pier Wisconsin project. (DPW)
Analysis
This resolution authorizes execution of an Out-of-Program Agreement between the City and Pier Wisconsin Ltd., the developer of the Pier Wisconsin project. The agreement addresses design, funding, and construction of water main, sewer line, and street improvements required for development of the Pier Wisconsin complex. The City will design the infrastructure improvements and inspect their installation. Funding for the public improvement work will come first from initial lease payments Pier Wisconsin will make to the City under the terms of its lease agreement with the Harbor Commission/City. If additional funds are needed, Pier Wisconsin Ltd. will provide them.
Body
Whereas, Pier Wisconsin Ltd. intends to develop a multi-use complex on City of Milwaukee Harbor Commission land commonly referred to as the Municipal Pier; and
Whereas, Plans for the project will necessitate relocation of existing sewer and water lines as well as realignment of East Michigan Street; and
Whereas, The lease agreement between the Harbor Commission/City and Pier Wisconsin Ltd. stipulates that the City fund all required public improvements up to an amount equal to or less than the value of the initial lease payment; and
Whereas, Pier Wisconsin Ltd. will be responsible for any public improvement costs over and above the initial lease payment amount; and
Whereas, The City's Department of Public Works will design the required alterations in public infrastructure, Pier Wisconsin Ltd. will undertake construction of the public improvements, and DPW will inspect the work; and
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