Title
Resolution relative to determination of a PILOT Agreement between the City of West Allis and H.O.L.I.E. VII, Inc. for Payment in Lieu of Taxes for the property located at 1415 S. 92 St.
Body
WHEREAS, the Common Council of the City of West Allis ("City"), with Ordinance No. O-2006-0026 approved the application of H.O.L.I.E. VII, Inc. for rezoning by overlay to create a Planned Development District Residential PDD-1 and, with Resolution No. R-2006-0142, approved the application of H.O.L.I.E. VII, Inc. for a Planned Development District Residential PDD-1 and to establish a Planned Development Agreement under the zoning ordinance of the City for construction of an elderly living apartment complex addition to the existing convent building at 1415 S. 92 St., also further encompassing 1405-35 S. 92 St., 14** S. 92 St., and 1414 S. 93 St. (Tax Key Nos. 450-0001-003, 450-0093-001, 450-0094-000, 450-0095-000, 450-0096-000, 450-0097-000, and 450-0102-000) (the "Project"); and,
WHEREAS, the aforesaid Project will be exempt from the imposition of general property taxes; and,
WHEREAS, H.O.L.I.E. VII, Inc. has agreed to make a payment in lieu of taxes to the City to offset the value and benefits of the municipal services the Project will enjoy.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis that the PILOT Agreement, a copy of which is attached hereto and made a part hereof, be and is hereby approved.
BE IT FURTHER RESOLVED that the City Attorney be and is hereby authorized to make such non-substantive changes, modifications, additions and deletions to and from the various provisions of the agreement, including any and all attachments, exhibits, addendums and amendments, as may be necessary and proper to correct inconsistencies, eliminate ambiguity and otherwise clarify and supplement said provisions to preserve and maintain the general intent thereof, and to prepare and deliver such other and further documents as may be reasonably necessary to complete the transactions contemplated therein.
BE IT FURTHER RESOLVED that the Mayor and City Administrative Officer-Clerk/Treasurer are hereby authorized and directed to execute and deliver the aforesaid agreement on behalf of the City.
cc: Department of Development
Dev-r-434-9-5-06\dlm