City of Milwaukee - File #: 091566

• File #: 091566
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 3/24/2010
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 4/13/2010
• Title: Substitute resolution relating to the intent to issue Industrial Development Revenue Bonds for the Alterra Coffee Roasters, Inc. Project.
• Sponsors: THE CHAIR
• Indexes: INDUSTRIAL REVENUE BONDS

Date	Ver.	Action By	Action	Result	Tally
4/22/2010	1	MAYOR	SIGNED
4/14/2010	1	CITY CLERK	DRAFT SUBMITTED
4/13/2010	0	COMMON COUNCIL	SUBSTITUTED; Minutes note: Substitute both text and exhibit.	Pass	15:0
4/13/2010	1	COMMON COUNCIL	ADOPTED	Pass	13:1
4/6/2010	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Jim Scherer, Department of City Development Lincoln Fowler, Alterra Coffee Public commentary: Greg Mertens, Wildflour Bakery Josh Mertens, Wildflour Bakery Dolly Mertens, Wildflour Bakery Doug Maierhafer, East Side Ovens Ald. Witkowiak says that the proper venue to discuss the matter is at the Board of Zoning Appeals. Ald. Zielinski moves to hold to the call of the chair. The motion was withdrawn. Ald. Davis says that if the matter is held, he will schedule the file for the next CED meeting. Ald. Zielinski says that we would like to hold a neighborhood meeting on April 12th at which Mr. Fowler agrees to appear.	Pass	5:0
3/31/2010	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/24/2010	0	COMMON COUNCIL	ASSIGNED TO

Number
091566
Version
Substitute 1
Reference

Sponsor
THE CHAIR
Title
Substitute resolution relating to the intent to issue Industrial Development Revenue Bonds for the Alterra Coffee Roasters, Inc. Project.
Analysis
This substitute initial resolution sets forth the intent of the City of Milwaukee to approve the issuance of industrial development revenue bonds in an amount not to exceed $7,800,000 on behalf of Alterra Coffee Roasters, Inc., a Wisconsin corporation, and/or a related entity to be formed (the “Borrower”). The Borrower desires to complete a multi-jurisdictional project located in the City of Milwaukee, Wisconsin (the “City”), the Village of Shorewood, Wisconsin, and the Village of Grafton, Wisconsin. The project consists of financing the (i) acquisition, rehabilitation, equipping and expansion of an approximately 24,000 square-foot facility located at 2301 South Kinnickinnic Avenue, 2314-2320 South Howell Avenue and 2328 South Howell Avenue, all in the City of Milwaukee, Wisconsin, to be used by the Borrower to manufacture bakery and other prepared foods, and a cafe for retail sales of coffee, bakery and other prepared foods; (ii) rehabilitation and equipping of an existing approximately 7,200 square-foot facility located at 2211 North Prospect Avenue in the City of Milwaukee, Wisconsin, to be used by the Borrower for retail sales of coffee, bakery and other prepared foods; (iii) rehabilitation and equipping of an existing approximately 1,800 square-foot facility located at 4500 Oakland Avenue in the Village of Shorewood, Wisconsin, to be used by the Borrower for the retail sales of coffee, bakery and other prepared foods; (iv) acquisition, rehabilitation and equipping of an existing approximately 9,368 square-foot facility located at 1210-1251 Washington Street in the Village of Grafton, Wisconsin, a portion of which will be used by the Borrower for the retail sales of coffee, bakery and other prepared foods and a portion of which will be l...