Title
Resolution approving a Purchase and Sale Agreement and Development Agreement and a Construction License Agreement between the Community Development Authority of the City of West Allis and Mandel Group Properties, LLC for a medical office building development to be located at 14** S. Six Points Crossing.
Body
WHEREAS, the Community Development Authority of the City of West Allis (the "Authority") is the owner of a 2.7151 parcel located at 14** S. Six Points Crossing (the "Property") in the City of West Allis; and,
WHEREAS, the City of West Allis (the "City") wishes to create additional tax base and foster job creation for the City through the sale and redevelopment of the property; and,
WHEREAS, the Authority, on May 31, 2016 by Resolution No. 1179, authorized the sale of the Property to Mandel Group Properties, LLC and the Common Council, on August 1, 2017 by Resolution No. R-2017-0213, approved an Option to Purchase from Mandel Group Properties, LLC; and the Authority on September 13, 2017 by Resolution #1247 approved the Purchase and Sale and Development Agreement.
WHEREAS, Mandel Group Properties, LLC and/or its successors or assigns intends to construct up to an estimated $10 Million development that includes approximately 30,000 square feet of commercial space; and,
WHEREAS, the City agrees to the sale of the land to Mandel Group Properties, LLC and/or its successors or assigns for $1.00 as an incentive for redevelopment of the property.
NOW, THEREFORE BE IT RESOLVED that the Common Council of the City of West Allis hereby authorizes as follows:
1. A Purchase and Sale Agreement and Development Agreement and a Construction License Agreement between the Community Development Authority of the City of West Allis and Mandel Group Properties, LLC and/or its successors or assigns for a medical office building development to be located at 14** S. Six Points Crossing.
2. That the Executive Director of the Authority, or his designee, is h...
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