Title
Resolution approving a Purchase & Sale and Development Agreement by and between the City of West Allis and LG River Tower Associates, LLC.
Body
WHEREAS, LG River Tower Associates, LLC, has submitted a Development Plan for construction of a Walgreen's Pharmacy with drive thru project on certain lands located south of W. Greenfield Ave. and west of S. 60 St. Right of way in the City of West Allis (the "Project"); and,
WHEREAS, the Common Council, by Resolution No. R-2007-0059 adopted April 17, 2007, approved the Special Use and Development Plan for the Project; and,
WHEREAS, the Special Use and Development Plan requires the installation of certain public improvements for the Project; and,
WHEREAS, the Public Works schedule and budget of the City does not include the aforesaid public improvements for the Project. LG River Tower Associates, LLC accepts the terms of the agreement attached with this resolution.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis that the Purchase & Sale and Development Agreement for the Project (initially approved for SIDCOR Real Estate which has transferred their interest to LG River Tower Associates, LLC), a copy of which attached hereto and made apart hereof, by and between the City of West Allis and LG River Tower Associates, LLC, be and is hereby approved.
BE IT FURTHER RESOLVED that the proper City officers are hereby authorized and directed on behalf of the City to execute and deliver the aforesaid Agreement.
BE IT FURTHER RESOLVED that the City Attorney be and is hereby authorized to make such 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.
Dev-R-481\8-7-07
cc: Department of Development
Public Works
Engineering