Number
151705
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
A substitute ordinance granting an airspace lease for a building overhang for the Milwaukee Bucks arena.
Analysis
In accordance with state law, this ordinance will grant an airspace lease to Wisconsin Center District for the purpose of constructing and maintaining a building overhang over the sidewalk area on the north property line on property bordered by North 4th Street to the east, West Highland Avenue to the south, North 6th Street to the west, and West Juneau Avenue to the north.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1: FINDINGS. In accordance with the provisions of s. 66.0915(4), Wis. Stats., (2013-2014), the Common Council of the City of Milwaukee hereby authorizes, directs and agrees that the City of Milwaukee enter into a lease, substantially the same as the lease attached hereto, with Wisconsin Center District for an airspace over the sidewalk area bordering West Juneau Avenue, between North 4th Street and North 6th Street for the purpose of constructing and maintaining a building overhang on property bordered by North 4th Street to the east, West Highland Avenue to the south, North 6th Street to the west, and West Juneau Avenue to the north, as described in the lease, and the Common Council of the City of Milwaukee hereby finds that the area described in the lease is not needed for street, alley or other public purposes and that the public interest will be served by promoting development of the downtown area.
Part 2: A copy of such lease is attached hereto and is made part of Common Council File No. 151705.
Part 3: The lease shall not be executed until the Wisconsin Center District takes title to the property adjacent to the Airspace and bordered by North 4th Street to the east, West Highland Avenue to the south, North 6th Street to the west, and West Juneau Avenue to the north.
Part 4: The Department of City Develo...
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