Number
040392
Version
ORIGINAL
Reference
020573
Sponsor
THE CHAIR
Title
Resolution designating revised boundaries for the Menomonee Valley Redevelopment Project Area “K” and declaring such area to be a blighted area in need of a redevelopment project.
Analysis
If adopted by two-thirds vote of the Common Council membership, this resolution will expand the boundaries of the Menomonee Valley Redevelopment Project Area “K” to include additional properties West of South 6th Street and will enable the Redevelopment Authority of the City of Milwaukee to proceed with the preparation of a Redevelopment Plan for the enlarged area.
Body
Whereas, In File No. 020573 adopted on August 1, 2002, the Common Council of the City of Milwaukee (“Common Council”) approved boundaries for the Menomonee Valley Redevelopment Project Area “K”; and
Whereas, The Redevelopment Authority of the City of Milwaukee (“Authority”) deems it desirable to include additional properties in this proposed redevelopment area West of South 6th Street; and
Whereas, As a first step in the exercise of powers granted for the acquisition and disposition of real property in a project area, Section 66.431, Wisconsin Statutes, as amended, requires that the Authority designate boundaries of a proposed project area to ascertain the names of the owners of record of the real property within such project area which are to be given official public notice and also to submit such boundaries to the Common Council for approval and for a declaration that such area is a blighted area in need of blight elimination and an urban renewal project; and
Whereas, On June 17, 2004, the Authority designated boundaries for an enlarged proposed Menomonee Valley Redevelopment Project Area “K,” which qualifies as a “blighted area” under Section 66.431(4)(b), Wisconsin Statutes, with a recommendation for subsequent Common Council approval; and
Whereas, Section 66.431(6)(b)1., Wisconsin Statutes, also provi...
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