Number
160955
Version
ORIGINAL
Reference
121465
Sponsor
ALD. STAMPER
Title
Resolution canceling real estate taxes levied against certain parcels sold to St. Ann Center for Intergenerational Care, Inc.
Analysis
This resolution cancels 2015 property taxes, plus delinquent interest and penalties, for the property at 2450 West North Avenue, in the 15th Aldermanic District, owned by St. Ann Center for Intergenerational Care, Inc.
Body
Whereas, On February 21, 2013, the Redevelopment Authority of the City of Milwaukee (“RACM”) approved Resolution No. 10400 and on March 21, 2013, the Common Council of the City of Milwaukee (“City”) adopted File No. 121465, which approved RACM and St. Ann Center for Intergenerational Care, Inc. (“SACICI”) entry into an Agreement for Sale and Redevelopment dated October 16, 2014, recorded at the Milwaukee County Register of Deeds on October 20, 2014 as Document No. 10404748 (“Sale Agreement”), that obligated SACICI to acquire and develop properties combined under Certified Survey Map No. 8641, recorded at the Milwaukee County Register of Deeds on November 24, 2014 as Document No. 10414392 (collectively “Property”), and construct a two-story, approximately 80,000 square-foot building, including approximately 80 surface parking spaces for use as an intergenerational care facility (“Project”); and
Whereas, RACM conveyed the Property to SACICI by Quit Claim Deed and Restrictive Covenants (“Deed”) dated November 19, 2014, recorded at the Milwaukee County Register of Deeds on November 19, 2014 as Document No. 10413589; and
Whereas, The Sale Agreement specified that a Fair Share Payment Agreement was required as a term of the sale of the Property to SACICI; and
Whereas, The Fair Share Payment Agreement (“Fair Share Agreement”) between the City and SACICI was executed on November 19, 2014, recorded at the Milwaukee County Register of Deeds on December 2, 2014 as Document No. 10415994; and
Whereas, SACICI is a 501(c)(3) organization...
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