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File #: 171100    Version:
Type: Resolution Status: Passed
File created: 11/7/2017 In control: COMMON COUNCIL
On agenda: Final action: 11/5/2018
Effective date:    
Title: Substitute resolution relating to the sale of the surplus Milwaukee Public Schools property at 2442 North 20th Street, in the 15th Aldermanic District.
Sponsors: THE CHAIR
Indexes: SCHOOL BUILDINGS
Attachments: 1. Land Disposition Report, 2. Due Diligence Checklist, 3. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
11/9/20181 MAYOR SIGNED   Action details Meeting details Not available
11/5/20181 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Video Video
10/30/20181 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Rhonda Szallai, Dept. of City Development Terrell Walter, Royal Capitol Group LLC
Pass5:0 Action details Meeting details Video Video
10/25/20181 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
10/24/20180 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
10/24/20180 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
10/24/20180 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
10/24/20180 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
11/17/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
11/15/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
11/15/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
11/7/20170 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
171100
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. STAMPER
Title
Substitute resolution relating to the sale of the surplus Milwaukee Public Schools property at 2442 North 20th Street, in the 15th Aldermanic District.
Analysis
This substitute resolution approves the sale of the former Phillis Wheatley Elementary School, 2442 North 20th Street, to Royal Capital Group LLC for redevelopment as multi-family housing.
Body
Whereas, Phillis Wheatley Elementary School, 2442 North 20th Street (the “Property”), was declared surplus by the Milwaukee Board of School Directors in 2015; and

Whereas, In accordance with the requirements imposed by Wisconsin Statutes Section 119.61, the Property was listed for sale to education operators only for a two-year period that ended in July 2017; and

Whereas, No education operator purchased the Property during that two-year period; and

Whereas, In accordance with Wisconsin Statutes Section 119.61, a Request for Proposal offering the Property for sale for adaptive re-use was issued in August 2018; and

Whereas, The Department of City Development (“DCD”) received three proposals for the purchase and redevelopment of the Property; and

Whereas, An evaluation of the proposals resulted in the selection of Royal Capital Group LLC (“Buyer”) as the most appropriate developer for the Property; and

Whereas, The Buyer proposes to invest an estimated $19.9 million to purchase and renovate the Property as a 44-unit apartment building for families and construct 38 new townhomes on the site; and

Whereas, The zoning of the site, RM4, permits the proposed development; and

Whereas, The Buyer intends to work with local entities to enrich the development with a variety of services that promote healthy living; and

Whereas, DCD has reviewed the offer and development proposal from the Buyer and determined that the offer and proposal represent fair compensation; and

Whereas, DCD has reviewed financial information submitted by the Buyer...

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