Title
Resolution accepting the donation and authorizing of a Special Assessment for a public improvement and approval of a Public Improvement Agreement for a sidewalk streetscape project on the west side of S. 70 St. between W. Madison St. and W. Washington St.
Body
WHEREAS, West Quarter East, LLC and West Quarter West, LLC (collectively, the "Developer") are the owners of the real property and improvements located in the City of West Allis, Wisconsin, consisting of approximately 18.76 acres near the intersection of South 70th Street and Washington Street (collectively referred to as the "Property"); and,
WHEREAS, Developer is redeveloping the Property into a mixed-use project containing one or more office, health/fitness, retail hospitality, restaurant, and/or residential components, including development of new public infrastructure (collectively referred to as the "Project"); and,
WHEREAS, the City of West Allis (the "City") and Developer entered into that certain Development Agreement dated March 21, 2019 executed by the Parties for the implementation and development of the Project; and,
WHEREAS, in connection with the Project, Developer and the City desire to enter into the attached Public Improvement Agreement to allow Developer, at its expense, to design, construct and install the streetscape project on the west side of South 70th Street between West Madison Street and West Washington Street (the "Streetscape Project"); and,
WHEREAS, pursuant to the terms of the Public Improvement Agreement, the City agrees to pay an amount not to exceed $475,000 (the "Streetscape Funds") for the design, construction and installation of the Streetscape Project and the Developer agrees to reimburse the City for the Streetscape Funds by means of the City levying a special assessment against the Property; and,
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of West Allis hereby authorizes as follows:
1. The approval of the attached Public Improvement...
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