Number
071175
Version
ORIGINAL
Reference
Sponsor
ALD. HINES
Title
Resolution approving the Land Disposition Report for the Redevelopment Authority-owned properties in the vicinity of North 27th Street and West Lisbon Avenue for sale to Midtown Terrace, LLC, a joint venture between Vanguard Group, LLC and the Commonwealth Companies, for residential development, in the 15th Aldermanic District.
Analysis
Adoption of this resolution will permit the Redevelopment Authority to convey the subject properties according to the conditions in the Land Disposition Report.
Body
Whereas, On December 13, 2007, the Redevelopment Authority of the City of Milwaukee (“Redevelopment Authority”) held 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 submits herewith a Land Disposition Report 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 December 13, 2007, with respect to the proposed sale of the following properties is approved:
REDEVELOPMENT PROJECT AREA
North 27th Street - West Lisbon Avenue
REDEVELOPMENT AUTHORITY-OWNED PARCEL ADDRESSES
2704-12 West Lisbon Avenue, 2716 West Lisbon Avenue, 2724-28 West Lisbon Avenue and 2730-32 West Lisbon Avenue
REDEVELOPER
Midtown Terrace, LLC
Drafter
DCD/Redevelopment Authority
JWS:jws
12/11/07/A