City of Milwaukee - File #: 110478

• File #: 110478
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 7/26/2011
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 2/28/2012
• Title: Substitute resolution authorizing the execution of two Cooperation and Development Agreements and collateral documentation by and among the City of Milwaukee, the Redevelopment Authority of the City of Milwaukee, the Milwaukee School of Engineering and BMO Harris Bank for the development of the related MSOE Parking Facility and Athletic Field and the BMO Harris Bank Parking Projects, in the 3rd Aldermanic District.
• Sponsors: ALD. KOVAC, ALD. BAUMAN
• Indexes: AGREEMENTS, MILWAUKEE SCHOOL OF ENGINEERING, PARKING STRUCTURES, RECREATION, REDEVELOPMENT AUTHORITY

Date	Ver.	Action By	Action	Result	Tally
3/2/2012	1	MAYOR	SIGNED
2/28/2012	1	COMMON COUNCIL	ADOPTED	Pass	14:0
2/22/2012	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Lori Lutzka, Department of City Development Vanessa Koster, Department of City Development Herman Viets, Milwaukee School of Engineering President Scott Ramlow, Uihlein Wilson Architects Gregg Prossen, Zimmerman Architectural Studios, Inc. Ald. Nik Kovac, 3rd Aldermanic District Rocky Marcoux, Department of City Development Commissioner Tom Gartner, City Attorney's Office Ald. Murphy moved to abstain from voting. There were no objections.	Pass	4:0
2/17/2012	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/26/2011	0	COMMON COUNCIL	ASSIGNED TO

Number
110478
Version
SUBSTITUTE 1
Reference
101123, 101184, 101261, 101465
Sponsor
ALD. KOVAC AND BAUMAN
Title
Substitute resolution authorizing the execution of two Cooperation and Development Agreements and collateral documentation by and among the City of Milwaukee, the Redevelopment Authority of the City of Milwaukee, the Milwaukee School of Engineering and BMO Harris Bank for the development of the related MSOE Parking Facility and Athletic Field and the BMO Harris Bank Parking Projects, in the 3rd Aldermanic District.
Analysis
This substitute resolution authorizes the execution of two Cooperation and Development Agreements and collateral documentation by and among the City, RACM, MSOE and the Bank for the development of the MSOE Parking Facility and Athletic Field Project and the BMO Harris Bank Parking Project.
Body
Whereas, The Milwaukee School of Engineering (“MSOE”) proposes to acquire real property from BMO Harris Bank (“Bank”) and Milwaukee County to construct an approximately 750-stall underground parking structure, related retail and commercial space, and athletic field as well as public park facilities on lands located within blocks 18 and 19 of the Park East Redevelopment Area, in the block bounded by North Water Street, North Broadway, East Knapp Street and future North Market Street extended, adjacent to MSOE’s current campus (the “Project”); and

Whereas, The Bank proposes to acquire real property from Milwaukee County and the City of Milwaukee (“City”) necessary to accommodate a staging area and future surface parking lot on lands located within Block 16 of the Park East Redevelopment Area in the block bounded by North Water Street, East Knapp Street and the future North Market Street extended (the “Bank Project”); and

Whereas, MSOE, the Bank and Milwaukee County propose to enter into a Tri-Party Agreement providing for the conveyances of real property necessary to implement the Project and the Bank Project; and

Whereas, The Comm...