City of Milwaukee - File #: 091516

• File #: 091516
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 3/2/2010
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 3/24/2010
• Title: Substitute resolution approving a letter of intent and lease between Talgo, Inc. and the Redevelopment Authority of the City of Milwaukee for part of 3533 North 27th Street and part of 3424 North 27th Street, in the 7th Aldermanic District.
• Sponsors: ALD. WADE
• Indexes: AGREEMENTS, LEASES, RAILROADS, REDEVELOPMENT AUTHORITY, REDEVELOPMENT, URBAN

Date	Ver.	Action By	Action	Result	Tally
4/6/2010	1	MAYOR	SIGNED
3/24/2010	1	COMMON COUNCIL	AMENDED; Minutes note: Amend the letter of intent as indicated in motion labelled #1.	Pass	11:3
3/24/2010	1	COMMON COUNCIL	ADOPTED; Minutes note: As amended.	Pass	13:1
3/19/2010	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Individuals appearing: Jim Scherer, Department of City Development Rocky Marcoux, Department of City Development Ferran Canals, Talgo, Inc. Tim Sheehy, Milwaukee 7 Ald. Bauman moves to hold to the call of the chair so committee members can be briefed on the details of the agreement. The motion failed 1-4. Ald. Witkowiak proposes that a special ZND meeting be held the morning of the Common Council meeting so the file can be voted on after members have had an opportunity to be briefed. The file was voted on at committee, so the special meeting will not be held.	Fail	1:4
3/19/2010	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Jim Scherer, Department of City Development Rocky Marcoux, Department of City Development Ferran Canals, Talgo, Inc. Tim Sheehy, Milwaukee 7 Ald. Bauman moves to hold to the call of the chair so committee members can be briefed on the details of the agreement. The motion failed 1-4. Ald. Witkowiak proposes that a special ZND meeting be held the morning of the Common Council meeting so the file can be voted on after members have had an opportunity to be briefed. The file was voted on at committee, so the special meeting will not be held.	Pass	4:1
3/17/2010	1	CITY CLERK	DRAFT SUBMITTED
3/11/2010	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/11/2010	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/2/2010	0	COMMON COUNCIL	ASSIGNED TO

Number
091516
Version
SUBSTITUTE 1
Reference
050190, 090325, 090454
Sponsor
ALD. WADE
Title
Substitute resolution approving a letter of intent and lease between Talgo, Inc. and the Redevelopment Authority of the City of Milwaukee for part of 3533 North 27th Street and part of 3424 North 27th Street, in the 7th Aldermanic District.
Analysis
This substitute resolution approves a letter of intent and lease between Talgo, Inc. and RACM for part of the Century City parcel.
Body
Whereas, The Redevelopment Authority of the City of Milwaukee (“RACM”) acquired from Milwaukee Industrial Trade Center, LLC (“MITC”) on December 15, 2009, roughly 84 acres of land, called Century City, due to the parcels’ inclusion in a RACM Redevelopment Plan project area known as Century City (the RACM Century City Plan was approved by Common Council File No. 050190); and

Whereas, RACM’s acquisition from MITC was authorized by Common Council File No. 090454, which resolution directed RACM, following acquisition of the parcels, to demolish improvements, as needed, to conduct environmental remediation, and to redevelop the site for industrial use to expand job opportunities in the 30th Street Industrial Corridor; and

Whereas, Among the parcels that RACM acquired from MITC are 3533 North 27th Street and 3424 North 27th Street; and

Whereas, The Common Council, by File No. 090325, also approved creation of TID No. 74 and the TID Project Plan, therefore, and in furtherance thereof, the City of Milwaukee and RACM entered into a Cooperation Agreement; and

Whereas, Talgo, Inc. (“Talgo”), an entity that assembles and produces high-speed trainsets, in a search for a suitable site for trainset assembly, selected the Century City site, as the location, and after discussions with RACM, Talgo and RACM entered into a March 2, 2010 Letter of Intent (“LOI”) calling for RACM remediation, RACM build-out, and RACM and Talgo to enter into a lease for a part of the 3533 North 27th Street parcel and a...