Number
091666
Version
SUBSTITUTE 1
Reference
081373, 090214
Sponsor
ALD. HAMILTON
Title
Substitute resolution facilitating the Villard Square housing and City library development by Villard Square, LLC at 35th and Villard by approving the blight designation of property for financing and acquisition by the Redevelopment Authority, authorizing a cooperation agreement or other agreements with the Redevelopment Authority for library funding and authorizing a lease with the Redevelopment Authority for the library portion of the property, in the 1st Aldermanic District.
Analysis
Adoption of this substitute resolution by at least two-thirds vote of the Common Council will approve the blight designation and acquisition of property by the Redevelopment Authority pursuant to Section 66.1333(5)(c), Wisconsin Statutes, authorize a cooperation agreement or other agreements with the Redevelopment Authority for funding of library improvements and authorize a lease between the Redevelopment Authority and the City of Milwaukee for the public portion of the property as outlined in the Blight Designation Summary and Land Disposition Report.
Body
Whereas, By adoption of File No. 081373 on February 10, 2009, the Common Council of the City of Milwaukee (“Council”) authorized sale of a City-owned lot for Villard Square, a mixed-use project with affordable housing, and the required detailed planned development zoning was authorized by passage of File No. 090214 on July 28, 2009; and
Whereas, A key component of Villard Square includes relocation of the existing Villard Avenue Library from a free-standing building at 3310 West Villard Avenue to the ground floor of the new building with the provision of parking for library patrons and staff; and
Whereas, The project developers, Villard Square, LLC (“Villard Square”), a joint effort of the Northwest Side Community Development Corporation and Gorman and Company, have requested financial assistance for the library component of th...
Click here for full text