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File #: 090119    Version:
Type: Ordinance Status: Passed
File created: 5/27/2009 In control: PUBLIC WORKS COMMITTEE
On agenda: Final action: 10/13/2009
Effective date: 10/30/2009    
Title: A substitute ordinance granting a subterranean space lease to Pfister, LLC for an existing underground vault located in part of the public alley at 424 E. Wisconsin Avenue in the 4th Aldermanic District.
Sponsors: THE CHAIR
Indexes: SUBTERREANEAN SPACE LEASES
Attachments: 1. Lease Application, 2. Subterranean Space Committee Letter 8/27/09, 3. Lease, 4. Fiscal Note, 5. City Plan Commission Letter.pdf, 6. Hearing Notice List, 7. Notice Published on 10-29-09
Number
090119
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR
Title
A substitute ordinance granting a subterranean space lease to Pfister, LLC for an existing underground vault located in part of the public alley at 424 E. Wisconsin Avenue in the 4th Aldermanic District.

Analysis
In accordance with state law, this ordinance will grant a subterranean space lease to Pfister, LLC for an existing underground vault located in part of the public alley at 424 E. Wisconsin Avenue in the 4th Aldermanic District.

Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. FINDINGS. In accordance with the provisions of sec. 66.0915(4), Wis. Stats., (2007-2008), the Common Council of the City of Milwaukee hereby authorizes, directs and agrees that the City of Milwaukee, through the proper city officers, enter into a subterranean space lease with Pfister, LLC for a term of 99 years for the maintenance of an existing underground vault located in the north-south public alley adjacent to the premises at 424 E. Wisconsin Avenue, and the Common Council of the City of Milwaukee hereby finds that the area described in the lease is not needed for street, alley or other public purposes and that the public interest will be served by such leasing as the structure will continue to aid in promoting commerce in the City of Milwaukee.

Part 2. Attached and made part of the Common Council File No. 090119 is a copy of such lease in substantially the same form as the lease that will be signed.

Part 3. All ordinances or parts of ordinances contravening the provisions of this ordinance are hereby repealed.

Part 4. The Department of City Development, through its real estate section, shall process, with City department funds, the recording of this ordinance with the Milwaukee County Register of Deeds and shall forward the recording information complete with a final copy of the ordinance and lease to the City Engineer and the City Comptroller...

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