Number
090480
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving the assignment to MillerCoors, LLC of an air space lease between the City of Milwaukee and Miller Brewing Company for a skywalk over West State Street in the 15th Aldermanic District.
Analysis
This resolution approves the assignment to MillerCoors, LLC of an airspace lease, dated April 23, 1973, between the City of Milwaukee and Miller Brewing Company.
Body
Whereas, Miller Brewing Company entered into an airspace lease with the City of Milwaukee on April 23, 1973 for the right to use certain airspace over the 4100 block of West State Street to construct a skywalk not less than 19 feet above West State Street at its present grade (“the Lease”); and
Whereas, The Lease, which has a 99-year term, remains in full force and effect; and
Whereas, MillerCoors, LLC, as the current owner of the property, has acquired all rights, title, and interest in and to the Lease, and whereas MillerCoors, LLC accepts the assignment and transfer and assumes all of the obligations of Miller Brewing Company under the Lease, except as otherwise expressly provided; and
Whereas, A copy of the Assignment of Lease, with the original lease dated April 23, 1973 attached thereto as Exhibit A, is attached and made a part of this file; now, therefore, be it
Resolved, That the Common Council of the City of Milwaukee ratifies and approves the Assignment of Lease; and, be it
Further Resolved, That the proper City officials are hereby authorized and directed to execute an agreement to carry out this purpose.
Requestor
City Attorney
Drafter
TDM:tdm
July 31, 2009
1029-2008-2425:148575