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File #: 191779    Version:
Type: Resolution Status: Passed
File created: 3/3/2020 In control: COMMON COUNCIL
On agenda: Final action: 4/14/2020
Effective date:    
Title: Substitute resolution approving the First Amendment to Good Hope Library Purchase, Sale & Development Agreement.
Sponsors: ALD. LEWIS
Indexes: AGREEMENTS, LIBRARIES
Attachments: 1. First Amendment, 2. Completion Agreement, 3. Note for Completion Costs, 4. Hearing Notice List, 5. Agreement (Executed)
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
4/23/20201 MAYOR SIGNED   Action details Meeting details Not available
4/14/20201 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Video Video
4/9/20201 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing remotely: Mary Schanning, City Attorney's Office
Pass4:0 Action details Meeting details Video Video
4/3/20201 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/3/20201 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/3/20201 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/2/20201 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
3/17/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIRPass4:0 Action details Meeting details Video Video
3/12/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/12/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/12/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/3/20200 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number
191779
Version
SUBSTITUTE 1
Reference
161506, 170917, 180497

Sponsor
ALD. LEWIS

Title
Substitute resolution approving the First Amendment to Good Hope Library Purchase, Sale & Development Agreement.

Analysis
This substitute resolution approves the First Amendment to Good Hope Library Purchase, Sale and Development Agreement (the “Amendment”), the Completion Agreement and the acceptance of a Note in the amount of $283,096.00 for completion of the Good Hope Library branch located at 7717 West Good Hope Road in the 9th aldermanic district.

Body
Whereas, On October 17, 2017, by passage of File Number 170917, the Common Council approved the Good Hope Library Purchase, Sale and Development Agreement (the “Development Agreement”) between the City and Mill Road Library Redevelopment, LLC (“Developer”), a partnership between Maures Development Group LLC and Royal Capital Group LLC as co-developers for the property located at 7717 W. Good Hope Road; and

Whereas, On July 10, 2018, by passage of File Number 180497, the Common Council approved revised terms for the Development Agreement between the City and Developer which were incorporated into the final signed Development Agreement; and

Whereas, Developer has completed most of the construction work required of it under the Development Agreement with the exception of some storm water work, installation of exterior panels on the building, outstanding landscaping and some punch list items that need to be finalized; and

Whereas, under the terms of the Development Agreement, the Milwaukee Public Library (“MPL”) cannot take ownership of its library branch condominium unit in the development until all outstanding work under the Development Agreement is completed by the Developer; and

Whereas, MPL would like to be able to take ownership of the library branch condominium unit even though all outstanding work is not yet completed under the Development Agreement; and

Whereas, Developer has agreed, thr...

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