City of Milwaukee - File #: 070844

• File #: 070844
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 9/25/2007
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 11/21/2007
• Title: Resolution authorizing the sale of the City-owned vacant lot at 530 West Florida Street and adjacent vacated right-of-way to Rider Hotel, LLC, for hotel development, in the 12th Aldermanic District.
• Sponsors: James N. Witkowiak
• Indexes: CITY PROPERTY, HOTELS AND MOTELS, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
11/29/2007	0	MAYOR	SIGNED
11/21/2007	0	COMMON COUNCIL	ADOPTED	Pass	14:0
11/6/2007	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
10/26/2007	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
10/26/2007	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
10/11/2007	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Held at the request of the Dept. of City Development	Pass	5:0
10/2/2007	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
10/2/2007	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/25/2007	0	COMMON COUNCIL	ASSIGNED TO

Number
070844
Version
ORIGINAL
Reference

Sponsor
ALD. WITKOWIAK
Title
Resolution authorizing the sale of the City-owned vacant lot at 530 West Florida Street and adjacent vacated right-of-way to Rider Hotel, LLC, for hotel development, in the 12th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-7, Milwaukee Code of Ordinances.
Body
Whereas, Rider Hotel, LLC, plans to renovate its building at 500 West Florida Street into a hotel and needs additional land for parking; and

Whereas, Rider Hotel, LLC, has applied for the vacation of the excess right-of-way adjacent to its property and has submitted an unsolicited offer to purchase the adjacent City-owned vacant lot at 530 West Florida Street, all of which will be assembled with its adjacent building for hotel parking; and

Whereas, Section 304-49-7 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed price and redevelopment represents fair compensation to the City considering the investment in the neighborhood, project feasibility and improvements to the public right-of-way; and

Whereas, DCD 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 Commissioner of DCD, or designee, is authorized to accept the unsolicited offer to purchase submitted by Rider Hotel, LLC, for the City-owned vacant lot at 530 West Florida Street and adjacent vacated right-of-way as outlined in the Land Disposition R...