Number
170327
Version
ORIGINAL
Reference
141319
Sponsor
ALD. COGGS
Title
Resolution approving the sale of property at 2770 North 5th Street to Gorman & Company for development of affordable senior housing, in the 6th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned vacant improved property at 2770 North 5th Street, built originally as the Fifth Street School and later occupied by the City’s Isaac Coggs Health Center, to Gorman & Company for redevelopment as affordable senior housing.
Body
Whereas, The property at 2770 North 5th Street (“Property”) was constructed originally as the Fifth Street School; and
Whereas, In the 1970s, Fifth Street School was closed, and the building was subsequently occupied by the City of Milwaukee Health Department Isaac Coggs Health Center; and
Whereas, In 2006, the Milwaukee Health Department closed the Coggs clinic, leaving the Property vacant; and
Whereas, Since the closure of the clinic, the Department of City Development (“DCD”) has made several attempts to find a buyer for the Property; and
Whereas, In June 2013, the Property was evaluated as part of a commercial district charrette conducted for the Martin Luther King Economic Development Corporation by the Community Design Solutions program at the University of Wisconsin-Milwaukee; and
Whereas, The charrette recommended that a Request for Proposal (“RFP”) be issued to seek a buyer that would redevelop the Property as senior housing; and
Whereas, In October 2014, DCD issued a RFP seeking redevelopment proposals for the Property in accordance with the charrette recommendation; and
Whereas, In December 2014, the Common Council adopted File No. 141319 declaring the property to be “underutilized” in order to ensure that the sale of the Property conformed with a recent change in State Statute with respect to the sale of buildings formerly used by the Milwaukee Public Schools; and
Whereas, Gorman & Company (“Buyer”) was the only respo...
Click here for full text