Number
221272
Version
SUBSTITUTE 1
Reference
190403
Sponsor
ALD. COGGS
Title
Substitute resolution approving termination of existing agreements with Milwaukee Area Technical College and JCP Construction regarding 2606 North Holton Street and authorizing an agreement with the Redevelopment Authority of the City of Milwaukee, Milwaukee Area Technical College, JCP Construction, Ex3 LLC, and Ezekiel Community Development Corporation for that parcel, in the 6th Aldermanic District.
Analysis
This substitute resolution approves termination of the Milwaukee Area Technical College Rehab Contract and the MATC-JCP-RACM-City-LLC Rehab Plan, Budget, and Timeline agreement regarding 2606 North Holton Street and authorizes an agreement with the Redevelopmnt Authority of the City of Milwaukee, Milwaukee Area Technical College, JCP Construction, Ex3 LLC, and Ezekiel Community Development Coroporation for that parcel, in the 6th Aldermanic District.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) in File No. 190403 and the Redevelopment Authority of the City of Milwaukee (“RACM”) in RACM File No. 10778 approved entry into the August 1, 2019 Milwaukee Area Technical College (“MATC”) Rehab Contract and the September 26, 2019 MATC-JCP-RACM-City-LLC Rehab Plan, Budget, and Timeline agreement regarding 2606 North Holton Street which called for: the City of Milwaukee (“City”) to convey the house to JCP’s limited liability company, Ex3 LLC; MATC students, for college credit, under MATC faculty supervision, rehabbing the house; JCP coordinating the overall rehab work; RACM providing a $25,000 contribution toward the rehab expense; and Ex3 to then sell the house with half of the profit from the sale proceeds then being put back into the program for the rehab of other houses by MATC students; and
Whereas, The City did convey the house to Ex3, and RACM did provide the $25,000 funding, and Social Development Corporation students did provide initial interior demolition inside the house; and
Whereas, The program reflected by the 2019 agreements won the year 2020 MANDI (Milwaukee Awards for Neighborhood Development) Northwestern Mutual Collaboration Award, and was highlighted and discussed at the year 2019 national Reclaiming Vacant Properties Conference in Atlanta, Georgia sponsored by the Center for Community Progress; and
Whereas, MATC students and faculty did not engage in rehab or improvement to the house due to COVID-19 and other factors; and
Whereas, The termination agreement that was made part of this file to terminate the 2019 agreements, that being the 2606 North Holton Contract, was negotiated among RACM and Department of City Development officials, JCP and Ex3 officials, MATC officials, and Ezekiel officials; and
Whereas, Ex3 is willing to convey the house to Ezekiel for it to improve and rehab the house, and RACM is willing to transfer the balance of the $25,000 of RACM funding to Ezekiel for that purpose (as of December 2, 2022, that balance was $14,191.57); now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the termination agreement to terminate the 2019 agreements that was submitted to this file (the 2606 North Holton Contract, which agreement also provides for Ex3 to convey the house to Ezekiel and requires Ezekiel to rehab the house) is hereby approved, and the appropriate City officers and employees are authorized to enter into it in its form submitted, or in form in substantial conformity therewith, and to undertake such acts as are required by the City thereunder or in furtherance hereof.
Drafter
DCD:Matthew.Haessly:mfh
01/03/23