City of West Allis - File #: R-2009-0271

• File #: R-2009-0271
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 12/15/2009
• In control: Safety and Development Committee (INACTIVE)
• On agenda: 12/15/2009
• Final action: 12/15/2009
• Title: Resolution approving the Cooperation Agreement by and between the Community Development Authority of the City of West Allis and the City of West Allis for Tax Incremental District Eleven - 84th & Greenfield Redevelopment Area.
• Sponsors: Safety and Development Committee (INACTIVE)

Date	Ver.	Action By	Action	Result
12/15/2009	1	Common Council
12/15/2009	1	Common Council	Adopted	Pass
12/15/2009	1	Safety and Development Committee (INACTIVE)		Pass

Title

Resolution approving the Cooperation Agreement by and between the Community Development Authority of the City of West Allis and the City of West Allis for Tax Incremental District Eleven - 84^th & Greenfield Redevelopment Area.

Body

WHEREAS, the City of West Allis and the Community Development Authority of the City of West Allis are desirous of redeveloping the area generally described as 84^th & Greenfield Redevelopment Area; and,

WHEREAS, the City of West Allis has created Tax Incremental District Number Eleven to pay for the costs of such improvements; and,

WHEREAS, the Community Development Authority of the City of West Allis has authorized a Seven Million Twenty One Thousand Three Hundred Seventy Two Dollars ($7,021,372) project to be funded by revenue from property sales and borrowed funds through an obligation note in the amount of Two Million Three Hundred Sixty One Thousand Five Hundred Dollars ($2,361,500).

NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis that the Cooperation Agreement for the 84^th & Greenfield Redevelopment Area project by and between the City of West Allis and the Community Development Authority of the City of West Allis, a copy of which Agreement is attached hereto and made a part hereof, be, and the same 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-580-12-15-09