City of Milwaukee - File #: 180497

• File #: 180497
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 6/20/2018
• In control: COMMON COUNCIL
• Final action: 7/10/2018
• Title: Substitute resolution approving revised terms for the Good Hope Library development project, in the 9th Aldermanic District.
• Sponsors: ALD. LEWIS
• Indexes: LIBRARIES, REDEVELOPMENT, URBAN

Date	Ver.	Action By	Action	Result	Tally
7/19/2018	1	MAYOR	SIGNED
7/10/2018	1	COMMON COUNCIL	ADOPTED	Pass	14:0
7/2/2018	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	AMENDED; Minutes note: Individuals appearing: Sam McGovern-Rowen, Milwaukee Public Library Mary Schanning, Deputy City Attorney Terrell Walter, Royal Capital Group, LLC Melissa Goins, Maures Development Group, LLC Ald. Coggs moved to amend the file to accept Exhibit B. (Prevailed 5-0)	Pass	5:0
7/2/2018	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Ald. Perez moved to enter into the record a Maures Development booklet, submitted by Ms. Goins. There was no objection.	Pass	5:0
6/27/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/27/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/27/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/27/2018	1	CITY CLERK	DRAFT SUBMITTED
6/27/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/26/2018	0	COMMON COUNCIL	ASSIGNED TO

Number
180497

Version
SUBSTITUTE 1

Reference
170917

Sponsor
ALD. LEWIS

Title
Substitute resolution approving revised terms for the Good Hope Library development project, in the 9th Aldermanic District.

Analysis
This substitute resolution approves revised terms for the Good Hope Library development project according to the terms and conditions of the Good Hope Library Purchase, Sale, and Development Agreement and other project documents.

Body

Whereas, The Common Council adopted File No. 170917 on October 17, 2017, that authorized the Commissioner of City Development, or designee, to execute the Purchase, Sale, and Development Agreement (“Agreement”) with Mill Road Library Redevelopment, LLC (“Developer”), or assigns, to close the transaction according to the terms of the Land Disposition Report and the Term Sheet, copies of which were attached to that Common Council File, and that authorized the City to acquire title to the Good Hope Library condominium unit (“Library Unit”) from the Developer upon creation of the future condominium at 7717 West Good Hope Road (the “Property”); and

Whereas, The City of Milwaukee (“City”), Milwaukee Public Library (“MPL”), and Developer have been unable to close the transaction because of timing delays and significant changes to the terms that had been negotiated and agreed to as of the adoption of File No. 170917; and

Whereas, The delays in closing has resulted in the expiration of the site control for the Property previously granted to the Developer by the City; and

Whereas, The City Attorney’s Office, with input from MPL and Department of City Development (“DCD”) staff, has negotiated revised terms with the Developer relating to (a) a new construction timeframe that requires Developer to complete the Library Unit by April 15, 2019 rather than January 15, 2019 and complete the apartment condominium unit (“Developer Unit”) by August 15, 2019 rather than March 15, 2019; (b) a use restriction on the Library Uni...