Number
200376
Version
ORIGINAL
Reference
Sponsor
ALD. BAUMAN
Title
Resolution approving a lease with the Board of Business Improvement District No. 2 for the Trestle Park property at 501 East Erie Street, in the 4th Aldermanic District.
Analysis
This resolution authorizes a lease for a City-owned property according to conditions outlined in the Lease.
Body
Whereas, The City of Milwaukee (“City”) owns the real property located at 501 East Erie Street, more commonly known as Trestle Park; and
Whereas, Staff from the City’s Department of City Development (“DCD”) and the City Attorney's Office met with representatives of Business Improvement District (“BID”) No. 2 and negotiated the terms of a long-term lease for Trestle Park; and
Whereas, The proposed lease with BID No. 2 permits the BID to program activities in the park in consideration of it assuming maintenance responsibilities of the park; and
Whereas, The proposed lease will facilitate greater use of and activities in the park, ensures continued public access and establishes maintenance requirements while helping to reduce municipal expenditures; and
Whereas, The City has negotiated a lease with the Board of BID No. 2, 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 the lease with the Board of BID No. 2 for the property known as Trestle Park at 501 East Erie Street is approved; and, be it
Further Resolved, That the Commissioner of the DCD, or designee, is authorized to execute the lease with the Board of BID No. 2 and any other necessary documents upon final approval of the lease by the Common Council; and, be it
Further Resolved, That the City Attorney's office, in cooperation with the Commissioners of the Department of Public Works (“DPW”) and DCD, is authorized to make such further minor modifications to said lease that are consistent with the intent and purpose of this resolution and which are mutually acceptable to the City Attorney and the Commissioner of DPW and DCD.
Drafter
DCD:Alyssa.Remington:ar
07/07/20/A