Title
Resolution approving the termination of the Development Agreement and release of Memorandum of Agreement between the City of West Allis and Summit Place, LLC relative to the property located at 901 S. 70th St.
Body
WHEREAS, by Resolution R-2002-0159 adopted on 3/4/03 a Development Agreement between the City of West Allis and Summit Place, LLL; and,
WHEREAS, upon sale of the property to Cardinal Capital Management, the original terms, conditions and restrictions governing the development and use of certain lands located at 901 S. 70 St. are no longer necessary; and,
WHEREAS, Cardinal Capital Management has submitted plans and agreed to construct a new 12,500 square foot office building at 901 S. 70 St.; and,
WHEREAS, the use is consistent with the City Zoning Ordinance and 2030 Comprehensive Plan.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis that the termination of the Development Agreement and release of Memorandum of Agreement between the City of West Allis and Summit Place, LLC relative to property at 901 S. 70 St. (Tax Key No. 440-0259-008) is hereby approved.
BE IT FURTHER RESOLVED that the attached document between the City of West Allis and Summit Place, LLC be and is hereby approved by the Common Council and shall be recorded with the Milwaukee County Register of Deeds.
BE IT FURTHER RESOLVED that the Director of Development is hereby authorized to act on behalf of the City of West Allis for said documents, execute and take necessary action, and to undertake, direct and complete activities.
BE IT FURTHER RESOLVED that the City Attorney be and is hereby authorized to make such 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...
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