City of Milwaukee - File #: 170917

• File #: 170917
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 9/26/2017
• In control: COMMON COUNCIL
• Final action: 10/17/2017
• Title: Substitute resolution authorizing an agreement for the Good Hope Library project at 7717 West Good Hope Road, with Mill Road Library Redevelopment, LLC, to approve the sale of the property and development of a mixed-use building and acquisition of the new Good Hope Library condominium unit, in the 9th Aldermanic District.
• Sponsors: ALD. LEWIS, ALD. BOHL
• Indexes: AGREEMENTS, LIBRARIES, MILWAUKEE PUBLIC LIBRARY

Date	Ver.	Action By	Action	Result	Tally
10/25/2017	1	MAYOR	SIGNED
10/17/2017	1	COMMON COUNCIL	ADOPTED	Pass	14:0
10/10/2017	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Amy Turim, Department of City Development Mary Schanning, Deputy City Attorney Melissa Goins, Maures Development Terrell Walter, Royal Capital Group Sam McGovern-Rowen, Milwaukee Public Library Ald. Chantia Lewis, 9th Aldermanic District	Pass	5:0
10/6/2017	1	CITY CLERK	DRAFT SUBMITTED
10/5/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
10/5/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
10/5/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/26/2017	0	COMMON COUNCIL	ASSIGNED TO

Number
170917
Version
SUBSTITUTE 1
Reference
161506
Sponsor
ALD. LEWIS AND BOHL
Title
Substitute resolution authorizing an agreement for the Good Hope Library project at 7717 West Good Hope Road, with Mill Road Library Redevelopment, LLC, to approve the sale of the property and development of a mixed-use building and acquisition of the new Good Hope Library condominium unit, in the 9th Aldermanic District.
Analysis
This substitute resolution authorizes the sale of the City-owned property at 7717 West Good Hope Road for redevelopment and approves the acquisition of a new Good Hope Library condominium according to the conditions in a Land Disposition Report and a Term Sheet.
Body
Whereas, The City of Milwaukee (“City”) acquired the former Granville Town Hall located at 7717 West Good Hope Road (the “Property”) when the City annexed the 16.5 square-mile Town of Granville in 1962; and

Whereas, The City declared the Property surplus to municipal needs in 1981; and

Whereas, The Milwaukee Public Library (“MPL”) issued a request for proposals in 2014 to seek proposals to develop a new location for the Mill Road Library; and

Whereas, MPL received multiple proposals and selected a proposal by Maures Development Group, LLC and CommonBond Communities that includes mixed-income apartments, as part of the development, in addition to the library; and

Whereas, Maures Development Group, LLC has now partnered exclusively with Royal Capital Group, LLC, as a co-developer, forming Mill Road Library Redevelopment, LLC (“Developer”) and continues to work with the MPL Board on the design of the project; and

Whereas, The City Attorney’s Office, with input from MPL and DCD staff, has negotiated a Term Sheet with the Developer to outline conditions for sale, Developer construction obligations, detailed requirements for the future of the library condominium unit and the terms for conveyance of the new library condominium to the City; now, therefore, be it

Resolved, By the C...