Number
181914
Version
ORIGINAL
Reference
85-1906, 000699
Sponsor
ALD. WITKOWSKI
Title
Resolution authorizing the proper City officials to execute a Supplemental Agreement No. 3 to a land lease between the City of Milwaukee and the United States of America for a portion of the property at 1600 East College Avenue, in the 13th Aldermanic District.
Analysis
This resolution authorizes the proper City officials to execute a Supplemental Agreement No. 3 to a land lease between the City of Milwaukee and the United States of America for a portion of the property at 1600 East College Avenue, with no fiscal impact.
Body
Whereas, The City of Milwaukee (“City”) owns 1600 East College Avenue (“Property”) and the Common Council adopted File No. 85-1906 wherein the City was authorized to execute a lease between the City and the United States of America (“Government”); and
Whereas, The lease agreement was executed as Lease No. DACA 45-5-86-00149 (“Lease”) and recorded in the Milwaukee County Register of Deeds Office as Document No. 5962646 on September 15, 1986; and
Whereas, The Government determined that a large portion of the Property was no longer required and deleted from the Lease through Amendment No. 2 approved by Common Council File No. 000699 and recorded as Document No. 6580791 on August 31, 2000; and
Whereas, The Government would like to exercise the renewal option allowed in the Lease and extend the expiration date to January 31, 2086; and
Whereas, All other terms and conditions of the Lease shall remain in full force and effect, except as modified by this Supplemental Agreement No. 3, a copy of which is attached to this Common Council File; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that Supplemental Agreement No. 3 to Lease No. DACA 45-5-86-00149 between the City and the Government is approved; and, be it
Further Resolved, That the proper City officials are directed to execute said Agreement on behalf of the Cit...
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