Number
160459
Version
Substitute 1
Reference
Sponsor
THE CHAIR
Title
Substitute ordinance granting an air space lease to Deer District LLC for a skywalk connecting the Block 7 parking structure with the New Milwaukee Bucks Arena.
Analysis
In accordance with state law, this ordinance will grant an airspace lease to Deer District LLC for the purpose of constructing and maintaining a skywalk connecting the Block 7 parking structure with the new Milwaukee Bucks Arena in the 4th Aldermanic District. The Wisconsin Center District, as owner of the Arena, is an additional lessee party to the lease.
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(3), 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 Deer District LLC and the Wisconsin Center District for the purpose of enabling the lessees to construct and maintain a skywalk over West Juneau Avenue between North 5th Street and North 6th Street, 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 convenient access to buildings essential to commerce within and development of the downtown area.
Part 2: A copy of such lease is attached hereto and is made part of Common Council File No. 160459.
Part 3: The Department of City Development, through its real estate section, shall process, at the expense of the Lessees, the recording of this ordinance and the executed lease with the Milwaukee County Register of Deeds and shall forward the recording information complete with a final copy of the ordinance and lease to the City Engineer and the City Comptroller.
Part 4: A...
Click here for full text