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File #: 200589    Version: 0
Type: Resolution Status: Passed
File created: 9/1/2020 In control: COMMON COUNCIL
On agenda: Final action: 9/22/2020
Effective date:    
Title: Resolution approving Lease Agreement with Michels Corporation.
Sponsors: ALD. BORKOWSKI
Indexes: AGREEMENTS, LEASES, PORT OF MILWAUKEE
Attachments: 1. MichelslseGTS2020ccltr.pdf, 2. MichelslseGTS2020FN.PDF, 3. MichelslseGTS2020FINAL.pdf, 4. MichelslseGTSequityimpactstate2020.pdf
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
9/30/20200 MAYOR SIGNED   Action details Meeting details Not available
9/22/20200 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Video Video
9/9/20200 PUBLIC WORKS COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Adam Tindall-Schlicht - Port Ron SanFillipo - Board of Harbor Commissioners David Stegeman - Michels Corp
Pass5:0 Action details Meeting details Video Video
8/25/20200 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

200589

Version

Original

Reference

Sponsor

Alderman Borkowski

Title

Resolution approving Lease Agreement with Michels Corporation.

 

Analysis

This resolution would approve Lease Agreement with Michels Corporation for two (2) parcels of real property comprised of 17.409 acres on Port Milwaukee’s Grand Trunk parcel.

BODY

 

Whereas, the base term of the lease will be twenty (20) years commencing July 1, 2021 and ending on June 30, 2041; and

 

Whereas, the lease can be extended for seven (7) successive periods of ten (10) years each, followed by one period of nine (9) years, ending at maximum on June 30, 2120; and

 

Whereas, the Tenant will be permitted to use Parcel 1 (“Lot 1”) for constructing and operating an office building, a dockside reception and a load out facility for loading, unloading and storing common construction aggregates, sheeting and other construction materials; and

 

Whereas, the Tenant will be permitted to use Parcel 2 (“Lot 3”) for constructing and operating an employee office and collaborative work space as well as a storage yard for common construction aggregate materials, sheeting and other construction materials; and


Whereas, The Board of Harbor Commissioners at their meeting of August 6, 2020 acted by unanimous vote of the Board to grant such Lease Agreement; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee that said Common Council hereby ratifies and approves the Lease Agreement between Michels Corporation and the City of Milwaukee, by and through its Board of Harbor Commissioners; and, be it 

 

Further Resolved, That the designated officers of said government and of said Board of Harbor Commissioners are hereby authorized and directed to execute an agreement to carry out this purpose, as prepared by the City Attorney's office.

 

Drafter:

Port of Milwaukee

Adam Tindall-Schlicht

                     

Michelslse17.409acresGTSccres.doc