Title
Resolution to amend the Cooperation Agreement between the City of West Allis and the Community Development Authority of the City of West Allis for Tax Incremental District Number Seven (Summit Place), City of West Allis, Wisconsin.
Body
WHEREAS, the Common Council, by Resolution No. R-2004-0115, adopted April 5, 2004, approved and adopted the Cooperation Agreement between the City of West Allis and the Community Development Authority of the City of West Allis (the "Authority"); and,
WHEREAS, it is necessary to amend the Cooperation Agreement between the City of West Allis and the Authority; and,
WHEREAS, the Authority, by Resolution No. 971, adopted January 29, 2013, approved and adopted Amendment Number Four to Tax Incremental District Number Seven (Summit Place), and by Resolution No. 972, adopted January 29, 2013, approved and adopted the Cooperation Agreement between the City of West Allis and the Authority.
NOW, THEREFORE, BE IT RESOLVED by Common Council of the City of West Allis that the Cooperation Agreement for the Tax Incremental District Number Seven (Summit Place) between the City of West Allis and the Community Development Authority of the City of West Allis be amended to provide for an additional Three Million Two Hundred Fifty Thousand Dollar ($3,250,000) loan for on- and off-site improvements to the Summit Place Office Complex, and the same is hereby approved and a copy of the amended Cooperation Agreement be attached hereto and made a part hereof.
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 deliv...
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