Number
221587
Version
ORIGINAL
Reference
Sponsor
ALD. BROSTOFF
Title
Resolution authorizing the Lease of the Redevelopment Authority of the City of Milwaukee-owned property at 821 East Locust Street to Garden Park Association, Inc., in the 3rd 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, Garden Park Association, Inc. (“Tenant”) desires to lease Redevelopment Authority of the City of Milwaukee (“RACM”)-owned property for a park and community space in a Land Disposition Report (“LDR”), 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 LDR 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 LDR; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Common Council also approves the LDR and RACM’s lease to the Tenant of the RACM-owned property at 821 East Locust Street as per the terms and conditions in the LDR; 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
02/07/23/A