Title
Resolution approving the Option to Purchase for public land located at 14** S. Six Points Crossing (454-0651-000) in the City of West Allis.
Body
WHEREAS, the Community Development Authority of the City of West Allis (the "Authority") is the owner of the 7.584-acre parcel in the vicinity of the Six Points/Farmers Market Redevelopment Area, located at 14** S. Six Points Crossing, (the "Property"); and,
WHEREAS, the Authority wishes to create additional tax base and foster job creation for the City of West Allis (the "City") through the sale and redevelopment of the Property; and,
WHEREAS, Mandel Group Properties, LLC ("Mandel") has submitted to the Authority, an Option to Purchase (the "Option") for the Property, attached herein and made a part thereof; and;
WHEREAS, the Option includes a $10,000 option fee, to be paid by Mandel within three (3) business days of the granting of the Option; and,
WHEREAS, the Authority, through Resolution No. 1179 on May 31, 2016, approved the sale of the Property to Mandel for the construction of an approximate 30,000 square foot office building and approximately 177 contemporary apartments; and,
WHEREAS, the Option is contingent on a Purchase & Sale and Development Agreement between the Authority and Mandel which will be forthcoming before the Council for the construction of an approximate 30,000 square foot office building and approximately 177 contemporary apartments.
NOW, THEREFORE BE IT RESOLVED that the Common Council of the City of West Allis, as follows:
1. Approves the Option to Purchase for public land located at 14** S. Six Points Crossing (454-0651-000), pursuant to section 66.1333(6)(b)2, Wis. Stat.
2. That the Executive Director of the Authority, or his designee, is hereby authorized and directed to take any and all other actions on behalf of the Authority which he deems necessary or desirable in connection with the aforementioned Option to Purchase, including, without limitation, neg...
Click here for full text