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File #: 051274    Version: 0
Type: Resolution Status: Passed
File created: 1/18/2006 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 2/28/2006
Effective date:    
Title: Resolution approving Amendment No. 1 to the North 5th Street - West Vine Street Redevelopment Plan to create opportunities for near downtown residential and mixed-use development, in the 6th Aldermanic District.
Sponsors: ALD. MCGEE JR.
Indexes: REDEVELOPMENT, URBAN
Attachments: 1. Fiscal Note.pdf, 2. Redevelopment Plan Amend No. 1.PDF, 3. CPC letter, 4. Fiscal Analysis, 5. Draft - RACM resolution, 6. Draft - Option to Purchase
Number
051274
Version
ORIGINAL
Reference
930800
Sponsor
ALD. MCGEE
Title
Resolution approving Amendment No. 1 to the North 5th Street - West Vine Street Redevelopment Plan to create opportunities for near downtown residential and mixed-use development, in the 6th Aldermanic District.
Analysis
Adoption of this resolution by at least two-thirds vote of the Common Council will approve the Redevelopment Plan Amendment for the above-identified Project Area to permit uses compatible with the market for near downtown residential and mixed-use development. Such approval is a prerequisite for exercising the powers granted to the Redevelopment Authority under Wisconsin law for certification and implementation of the Amendment following adoption of this resolution.
Body
Whereas, On September 28, 1993, via File No. 930800, the Common Council of the City of Milwaukee (“Common Council”) adopted a Redevelopment Plan (“Plan”) for the North 5th Street - West Vine Street Redevelopment Project Area (“Project Area”); and

Whereas, The Redevelopment Authority of the City of Milwaukee (“Authority”) desires to amend the Plan to create near downtown residential and mixed-use development opportunities that are compatible with the existing neighborhood surrounding the Project Area and has prepared Amendment No. 1 to the Plan (“Amendment No. 1”), a copy of which is attached to this Common Council File, to create the development opportunities noted above; and

Whereas, The Authority gave proper notice to property owners within the Project Area and conducted a Public Hearing on Amendment No. 1 on January 19, 2006, pursuant to Wisconsin Statutes; and

Whereas, After the Public Hearing, the Authority approved Amendment No. 1 and requested approval by the Common Council; and

Whereas, The City Plan Commission of the City of Milwaukee reviewed Amendment No. 1 on January 23, 2006, and determined that it conforms to the general plan of the City of Milwaukee (“City”) and to local objecti...

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