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File #: 210310    Version: 0
Type: Resolution Status: Passed
File created: 6/15/2021 In control: COMMON COUNCIL
On agenda: Final action: 7/7/2021
Effective date:    
Title: Resolution authorizing the Lease of the Redevelopment Authority of the City of Milwaukee-owned property at 2055 North 30th Street to Cream City Farms LLC, in the 15th Aldermanic District.
Sponsors: ALD. STAMPER
Indexes: LEASES, REDEVELOPMENT AUTHORITY
Attachments: 1. Land Disposition Report, 2. Due Diligence Checklist, 3. Fiscal Impact Statement, 4. Hearing Notice List

Number

210310

Version

ORIGINAL

Reference

 

Sponsor

ALD. STAMPER

Title

Resolution authorizing the Lease of the Redevelopment Authority of the City of Milwaukee-owned property at 2055 North 30th Street to Cream City Farms LLC, in the 15th Aldermanic District.

Analysis

This resolution authorizes the lease of Redevelopment Authority of the City of Milwaukee-owned property according to the conditions in a Land Disposition Report pursuant to Wis. Stat. 66.1333 (9).

Body

Whereas, Cream City Farms LLC (“Tenant”) desires to lease Redevelopment Authority of the City of Milwaukee (“RACM”)-owned property for a commercial farming enterprise as summarized in a Land Disposition Report, a copy of which is attached to this Common Council file; and

 

Whereas, The Department of City Development ("DCD") has reviewed the lease terms and prepared the Land Disposition Report and recommended approval of same to the RACM Board; and

 

Whereas, The RACM Board considered this matter and approved RACM’s lease to Tenant per the Land Disposition Report; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the Common Council also approves the Land Disposition Report and RACM’s lease to the Tenant of the RACM-owned property at 2055 North 30th Street as per the terms and conditions in the Land Disposition Report; and, be it

 

Further Resolved, That the lease proceeds shall be credited to the appropriate fund at the Redevelopment Authority of the City of Milwaukee.

Drafter

DCD:Yves.LaPierre:ysl

06/15/21/A