City of Milwaukee - File #: 180095

• File #: 180095
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 4/17/2018
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 5/8/2018
• Title: Substitute resolution approving a Land Disposition Report, authorizing the sale of the Redevelopment Authority-owned properties at 738 and 744 North Old World Third Street and authorizing an Amendment to a Cooperation, Reimbursement and Redevelopment Agreement among the City of Milwaukee, Redevelopment Authority of the City of Milwaukee, Milwaukee Symphony Orchestra, Inc. and TNSH Landlord, LLC, in the 4th Aldermanic District.
• Sponsors: ALD. BAUMAN
• Indexes: AGREEMENTS, LAND DISPOSITION REPORTS, REDEVELOPMENT AUTHORITY, REDEVELOPMENT, URBAN

Date	Ver.	Action By	Action	Result	Tally
5/8/2018	1	MAYOR	SIGNED
5/8/2018	1	COMMON COUNCIL	ADOPTED	Pass	13:0
5/1/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	SUBSTITUTED; Minutes note: Individuals appearing: Ald. Robert Bauman, 4th Aldermanic District Dan Casanova, Dept. of City Development Atty. Stephen Chernof, Godfrey & Kahn S.C. Ald. Kovac moved substitution of the file with Proposed Substitute A. (Prevailed 5-0)	Pass	5:0
5/1/2018	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
4/25/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/25/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/25/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/17/2018	0	COMMON COUNCIL	ASSIGNED TO

Number
180095
Version
SUBSTITUTE 1
Reference
161313
Sponsor
ALD. BAUMAN
Title
Substitute resolution approving a Land Disposition Report, authorizing the sale of the Redevelopment Authority-owned properties at 738 and 744 North Old World Third Street and authorizing an Amendment to a Cooperation, Reimbursement and Redevelopment Agreement among the City of Milwaukee, Redevelopment Authority of the City of Milwaukee, Milwaukee Symphony Orchestra, Inc. and TNSH Landlord, LLC, in the 4th Aldermanic District.
Analysis
This substitute resolution will permit the Redevelopment Authority of the City of Milwaukee to convey said land according to the conditions in a Land Disposition Report and will permit an Amendment to the Cooperation, Reimbursement and Redevelopment Agreement among the City of Milwaukee, Redevelopment Authority of the City of Milwaukee, Milwaukee Symphony Orchestra, Inc. and TNSH Landlord, LLC.
Body
Whereas, The Redevelopment Authority of the City of Milwaukee (“Authority”) owns the properties at 738 and 744 North Old World Third Street (the “Property”); and

Whereas, The Authority received an unsolicited offer for the Property from MVP Milwaukee Wells, LLC (the “Buyer”), the owner of the adjacent property at 746-52 North Old World Third Street; and

Whereas, On April 19, 2018, the Authority held a Public Hearing on the proposed sale as required by Wisconsin Statutes; and

Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of land, the Authority submits herewith a Land Disposition Report describing the terms and conditions of the proposed sale, including an amendment to a Cooperation, Reimbursement and Redevelopment Agreement among the City of Milwaukee (“City”), Authority, Milwaukee Symphony Orchestra, Inc. and TNSH Landlord, LLC; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report is approved and the Authority is authorized to accept...