Title
Resolution approving Wehr Steel Development Agreement by and among the Community Development Authority of the City of West Allis and Venturedyne, Ltd. and Carnes Company, Inc. for the former Wehr Steel site located at 2154 S. 54 St.
Body
WHEREAS, the Community Development Authority of the City of West Allis (the “Authority”) on September 2, 2004, approved to enter into an agreement with Venturdyne, Ltd. and Carnes Company, Inc. to facilitate the development of the property located at 2154 South 54 Street, (the “Property”); and,
WHEREAS, the City of West Allis is in the process of creating a Tax Incremental District Number Eight, comprised of land and improvements on a portion of the former Wehr Steel facility to be used for industrial uses; and,
WHEREAS, the Developer intends to redevelop the property pursuant to the terms and conditions of the Agreement hereby attached; and,
WHEREAS, the Developer and the City desire to set forth in writing the terms and conditions under which the Developer and City duly agreed.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of West Allis approves the Wehr Steel Development Agreement with Venturdyne, Ltd. and Carnes Company, Inc. for the property of the former Wehr Steel Site located at 2154 South 54 Street.
BE IT FURTHER RESOLVED that the Director of Development be and is hereby authorized to execute and deliver the Agreements on behalf of the City of West Allis.
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 ...
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