Title
Resolution preliminarily determining project site to be blighted and declaring intent regarding the issuance of revenue bonds by the Community Development Authority to finance Rogers Memorial Hospital project.
Body
WHEREAS, the Common Council of the City of West Allis (the "City") adopted and organized under Ordinance #5655 the creation of the Community Development Authority of the City of West Allis; and,
WHEREAS, the Community Development Authority of the City of West Allis, Wisconsin (the "Authority") is authorized by Sections 66.1335 and 66.1333 of the Wisconsin Statutes, as amended (hereinafter sometimes referred to as the "Act") to prepare redevelopment plans and urban renewal plans and undertake and carry out redevelopment and urban renewal projects within the corporate limits of the City, including but not limited to:
(a) to acquire property necessary or incidental to an urban renewal program and to lease, sell or otherwise transfer such property to a public body or private party for use in accordance with a redevelopment plan and to assist private acquisition, expansion, improvement and development of blighted property for the purpose of eliminating its status as blighted property;
(b) to enter into contracts determined to be necessary to effectuate the purposes of the Act; and
(c) to issue revenue bonds to finance its activities; and,
WHEREAS, the City and the Authority have been provided with a blight report (the "Blight Report"), attached hereto as Exhibit A, with respect to a project site located at 11101 W. Lincoln Avenue in the City of West Allis, Wisconsin (the "Property") owned by Rogers Memorial Hospital Incorporated, a Wisconsin nonstock corporation (the "Hospital"); and,
WHEREAS, the Hospital desires to finance a project on the Property, consisting of (i) certain improvements to the Hospital's mental health hospital facility including, but not limited to, roof repairs, remediation and removal of foundry sand, reco...
Click here for full text