Number
101123
Version
SUBSTITUTE 1
Reference
030870, 040563, 041593, 050821, 100886
Sponsor
ALD. KOVAC
Title
Substitute resolution approving Amendment No. 5 to the Redevelopment Plan for the Park East Redevelopment Project, in the 3rd Aldermanic District.
Analysis
Adoption of this substitute resolution by at least two-thirds vote of the Common Council removes Block 19 and the undedicated right-of-way located immediately north of Block 19 from the plan boundary to support the construction of a soccer stadium and parking structure for the Milwaukee School of Engineering (“MSOE”). Such approval is a prerequisite for exercising the powers granted to the Redevelopment Authority under Wisconsin law for implementation of the amendment following adoption of this resolution.
Body
Whereas, On December 15, 2003, the Redevelopment Authority of the City of Milwaukee (“Authority”) approved Resolution No. 9569 and on June 15, 2004, the Common Council of the City of Milwaukee (“Common Council”) adopted File No. 030870, a Redevelopment Plan (“Plan”) for the Park East Redevelopment Project, that provided a master plan for development of approximately 64 acres of land after the demolition of the freeway; and
Whereas, The Plan was recorded on August 11, 2004, in the Office of the Register of Deeds of Milwaukee County, Wisconsin, as Document No. 08841218; and
Whereas, On August 19, 2004, via Resolution No. 9641, the Authority and on September 21, 2004, via File No. 040563, the Common Council adopted Amendment No. 1 to the Plan, that prohibits tax exempt uses to enhance the economic viability of Tax Incremental District No. 48 that was created to finance implementation of the Plan; and
Whereas, On April 28, 2005, via Resolution No. 9708, the Authority and on May 3, 2005, via File No. 041593, the Common Council adopted Amendment No. 2 to the Plan, that established a process to allow variances to the maximum height requirements set forth in Document Three: Development Code...
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