Title
Resolution approving the terms and conditions of a Development Agreement by and between the City of West Allis and Tri-Corp Housing, Inc. for the property located at 6414 and 6424 W. Burnham St.
Body
WHEREAS, the City recognizes that the property located at 6414 and 6424 W. Burnham St. has been underutilized and vacant for several years; and,
WHEREAS, the City recognizes the continued need for the development of affordable family housing; and,
WHEREAS, the City promotes revitalization and development of vacant properties to foster property tax base growth and to provide new housing units; and,
WHEREAS, Tri-Corp Housing, Inc. intends to develop said property by constructing two single family houses; and,
WHEREAS, Tri-Corp Housing, Inc. has applied for a $50,000 grant to underwrite the cost of the land and to reduce the overall project cost thus enabling a sale of the property to a low to moderate-income household in accordance with federal guidelines; and,
WHEREAS, the Department of Development has reviewed a grant request from the developer and has determined that the project is eligible for funding under HOME guidelines.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis, that it hereby approves the terms and conditions of a Development Agreement, outlined in the attached Exhibit A and incorporated herein by reference.
BE IT FURTHER RESOLVED that the Director of Development be and is hereby authorized to execute and deliver the Agreement 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 mainta...
Click here for full text