Number
141871
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. PEREZ
Title
Substitute resolution approving a Cooperation Agreement among the City of Milwaukee, the Redevelopment Authority of the City of Milwaukee and the Harbor District, Inc. regarding the revitalization and redevelopment of the Harbor District, in the 12th and 14th Aldermanic Districts.
Analysis
This substitute resolution approves a Cooperation Agreement among the City of Milwaukee, the Redevelopment Authority of the City of Milwaukee and the Harbor District, Inc. to achieve world-class redevelopment of the Harbor District.
Body
Whereas, Milwaukee's Harbor District is defined as the land and waterways approximately bounded by Bay Street on the south, 2nd Street on the west, the Milwaukee River on the north and Lake Michigan on the east, which area includes the Port of Milwaukee; and
Whereas, The City of Milwaukee ("City") wishes to collaborate with the Redevelopment Authority of the City of Milwaukee ("RACM") and the Harbor District, Inc. ("HDI"), a Wisconsin non-stock corporation, to revitalize and redevelop the Harbor District; and
Whereas, The parties recognize that leveraging the strengths and resources of both the public and private sectors can lead to the world-class redevelopment of the Harbor District; and
Whereas, HDI was created as a 501(c)(3), with leadership from the City, to serve as the venue for the public-private partnership to facilitate the revitalization and redevelopment of the Harbor District; and
Whereas, The initiative includes development of a comprehensive waterway and land use plan ("WaLUP") for the Harbor District, in accordance with the City's area plan process and smart growth principles, to guide future land users that will generate jobs and tax base, capitalize on market opportunities, recommend possible infrastructure investments and identify potential catalytic projects; and
Whereas, The parties have prepared a Cooperation Agreement ("Agreement") and it has been reviewed and approved by the City Attorney's Office and a copy of which is attached to this Common Council File; and
Whereas, The City's Board of Harbor Commissioners reviewed the Agreement at its meeting on April 9, 2015, and expressed its verbal support of the general intent of the Agreement; and
Whereas, RACM reviewed the Agreement at its board meeting on April 16, 2015; and
Whereas, HDI, through its Board of Directors, approved the Agreement and authorized the proper HDI officials to execute the Agreement on HDI's behalf; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Cooperation Agreement among the City, RACM and HDI is approved in substantially the same form as presented herewith; and, be it
Further Resolved, That the proper City officials are authorized to execute the Agreement on behalf of the City.
Drafter
DCD:David.Misky:dpm
04/13/15