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File #: 051676    Version:
Type: Resolution Status: Passed
File created: 4/11/2006 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 5/9/2006
Effective date:    
Title: Substitute resolution approving the Land Disposition Report for property in the Menomonee Valley Industrial Center for industrial development, in the 8th Aldermanic District. (Redevelopment Authority)
Sponsors: THE CHAIR
Indexes: INDUSTRIAL DEVELOPMENT, MENOMONEE RIVER VALLEY, MENOMONEE VALLEY PROJECT AREA, PROPERTY SALES
Attachments: 1. Fiscal Note.pdf, 2. BuySeasons Project Summary, 3. Daniel Seibel Memo to Ald D'Amato Re Sites, 4. Land Disposition Report, 5. Map-BuySeasons Employees by Zip Code, 6. Menomonee Valley Partners Letter of Support, 7. MVIC Sales Principles and Standards, 8. Return on Investment-MVIC, 9. Term Sheet, 10. Term Sheet Exhibit A, 11. Letter from Ald. Murphy received 5/1/006, 12. Map and Exterior Elevations, 13. Letter from Wisconsin Department of Commerce, 14. Design and Economic Impact Guidelines for the Menomonee Valley Stockyards' Redevelopment
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
5/15/20061 MAYOR SIGNED   Action details Meeting details Not available
5/9/20061 COMMON COUNCIL ADOPTEDPass13:2 Action details Meeting details Not available
5/2/20060 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Speakers: Martha Brown - Dept. of City Development Michael DesMichelle and Dan Seibel- reps. for the development firm Laura Bray - Menomonee Valley Partners David Carst - Nissen Staffing - 11400 W. Bluemound Rd., Suite 300, Wauwatosa Eric Parker - Wisconsin Regional Economic Partnership The sale of the land will proceed only if the Redevelopment Authority approves the file at its May 18th meeting. Ald. Bauman requested the annual, median salary of a seasonal employee at Nissen Staffing from Mr. Carst. 		Pass3:1 Action details Meeting details Not available
5/1/20061 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
4/11/20060 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

051676

Version

SUBSTITUTE 1

Reference

 

Sponsor

THE CHAIR

Title

Substitute resolution approving the Land Disposition Report for property in the Menomonee Valley Industrial Center for industrial development, in the 8th Aldermanic District. (Redevelopment Authority)

Analysis

This substitute resolution will permit the Redevelopment Authority to convey said land according to conditions in the Land Disposition Report and the Term Sheet.

Body

Whereas, Demco Wisconsin 3, LLC, has offered to purchase a portion of the Redevelopment Authority of the City of Milwaukee’s (“Redevelopment Authority”) property at 3601 West Canal Street for industrial development; and

 

Whereas, On May 18, 2006, the Redevelopment Authority of the City of Milwaukee will hold a Public Hearing on the proposed sale 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 Redevelopment Authority has submitted a Land Disposition Report and a Term Sheet, copies of which are 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 as of May 18, 2006 and the Term Sheet, with respect to the proposed sale of the following property is approved, subject to approval by the Redevelopment Authority of the City of Milwaukee.

 

REDEVELOPMENT PROJECT AREA

 

Milwaukee Road Shops

 

PARCEL ADDRESS

 

Part of 3601 West Canal Street

 

REDEVELOPER

 

Demco Wisconsin 3, LLC

Drafter

DCD/Redevelopment Authority

MLB:mlb

05/01/06