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File #: 201279    Version: 0
Type: Resolution Status: Passed
File created: 1/19/2021 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 4/19/2022
Effective date:    
Title: Resolution approving the Land Disposition Report for 1728 North 6th Street and 513 West Vine Street in the North 5th Street-West Vine Street Redevelopment Project Area for sale to Haywood Group, LLC, for residential development, in the 6th Aldermanic District.
Sponsors: ALD. COGGS
Indexes: LAND DISPOSITION REPORTS
Attachments: 1. LDR and DDC (updated 4-11-22), 2. LDR and DDC, 3. Fiscal Impact Statement, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
4/27/20220 MAYOR SIGNED   Action details Meeting details Not available
4/19/20220 COMMON COUNCIL ADOPTEDPass12:0 Action details Meeting details Not available
4/12/20220 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Yves LaPierre, DCD Sam Leichtling, DCD Kalan Haywood, Haywood Group Mr. LaPierre and Leichtling gave a presentation.
Pass5:0 Action details Meeting details Video Video
2/2/20210 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIRPass5:0 Action details Meeting details Video Video
1/19/20210 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

201279

Version

ORIGINAL

Reference

051274, 051348, 070240, 080271, 170310

Sponsor

ALD. COGGS

Title

Resolution approving the Land Disposition Report for 1728 North 6th Street and 513 West Vine Street in the North 5th Street-West Vine Street Redevelopment Project Area for sale to Haywood Group, LLC, for residential development, in the 6th Aldermanic District.

Analysis

This resolution will permit the Redevelopment Authority of the City of Milwaukee to convey said land according to the conditions in the Land Disposition Report.

Body

Whereas, On June 20, 2017, the Common Council of the City of Milwaukee (“Common Council”) approved a Land Disposition Report (“LDR”) for the sale and development of multiple parcels in three phases at 5th and Vine Street to Haywood Group, LLC (“Buyer”); and

 

Whereas, The Buyer developed the first phase of development at 5th and Vine but was unable to develop the remaining two phases in the time allotted and approved by the Common Council; and

 

Whereas, The Buyer has secured Wisconsin Housing and Economic Development Authority low income housing tax credits for a second phase of development at 5th and Vine and wishes to amend the original agreement with new terms which are outlined in the attached LDR; and

 

Whereas, On February 18, 2021, the Redevelopment Authority of the City of Milwaukee (“RACM”) reviewed and approved the attached LDR; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the LDR is approved and that the property RACM and City officials are authorized to enter into an amended Purchase and Sale Agreement in substantial accordance with the LDR and to take any additional actions, as may be required, to effectuate the intent of this resolution.

Drafter

DCD:Yves.LaPierre:ysl

01/19/21/A