Number
100263
Version
Substitute 1
Reference
100114
Sponsor
ALD. BAUMAN
Title
Substitute resolution approving a lease with the Board of Business Improvement District No. 2 for the Erie Street Plaza, in the 4th Aldermanic District.
Analysis
This resolution authorizes a lease for a City pedestrian mall according to conditions outlined in the Lease.
Body
Whereas, By passage of Resolution File No. 100114, the Common Council of the City of Milwaukee authorized and directed the Departments of Public Works (“DPW”) and City Development (“DCD”) to commence lease negotiations with the Business Improvement District (“BID”) No. 2 or with the Historic Third Ward Association for Erie Street Plaza that is currently under development at the south end of East Erie Street and adjacent the Milwaukee Harbor entrance; and
Whereas, Staff from DPW, DCD and the City Attorney’s Office met with representatives of BID No. 2 and negotiated the terms of a long-term lease for the Erie Street Plaza; and
Whereas, The proposed lease with BID No. 2 permits the BID to program activities in the plaza in consideration of it assuming maintenance responsibilities of the plaza as summarized in the attached Lease Report; and
Whereas, The proposed lease will facilitate use of and activities in the plaza, ensures public access and establishes maintenance requirements while helping to reduce municipal expenditures; and
Whereas, The City has negotiated a lease with the Board of BID No. 2, a copy of which is attached to this Common Council File; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the lease with the Board of BID No. 2 for Erie Street Plaza is approved; and, be it
Further Resolved, That the Commissioner of the DCD, or designee, is authorized to execute the lease with the Board of BID No. 2 and any other necessary documents upon final approval of the lease by the Common Council; and, be it
Further Resolved, That the City Attorney’s office, ...
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