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File #: R-2019-0714    Version: 1
Type: Resolution Status: Adopted
File created: 10/9/2019 In control: Safety and Development Committee
On agenda: 10/9/2019 Final action: 10/15/2019
Title: Resolution to consider an Amendment #1 (amendment to the master site plan) to the Development Agreement by and between the City of West Allis and developers (West Quarter East, LLC and West Quarter West, LLC) regarding S. 70 St. Corridor development project
Sponsors: Safety and Development Committee
Attachments: 1. Amendment No. 1 to the Development Agreement, 2. R-2019-0714 signed, 3. FULLY EXECUTED - First Amendment to Development Agreement (Cobalt) 9-24-21
Related files: 19-0646, R-2019-0214, 21-0393
Title
Resolution to consider an Amendment #1 (amendment to the master site plan) to the Development Agreement by and between the City of West Allis and developers (West Quarter East, LLC and West Quarter West, LLC) regarding S. 70 St. Corridor development project

Body
WHEREAS, the Community Development Authority of the City of West Allis (the "Authority") authorized the execution of the Development Agreement between the Community Development Authority of the City of West Allis and Cobalt Partners LLC for development within the S. 70 St. Corridor (West Quarter), through Resolution No. 1302 on November 13, 2018, approved Amendment #1 through Resolution No. 1330 on October 8, 2019; and,

WHEREAS, the Common Council of the City of West Allis (the "City") approved the Development Agreement between the City of West Allis and developers (West Quarter East, LLC and West Quarter West, LLC regarding South 70th Street Corridor development project) to replace any prior agreements through Resolution No. R-2019-0214 on March 21, 2019; and,

WHEREAS, West Quarter East, LLC and West Quarter West, LLC is requesting an amendment to the site plan; and,

WHEREAS, West Quarter East, LLC intends to acquire approximately 9.06 acres on the east side of 70th Street ("East Side Site") and West Quarter West, LLC intends to acquire approximately 9.71 acres located on the west side of 70th Street ("West Side Site") all near the intersection of 70th Street and Washington Street in the City of West Allis (the entire 18.76 acres of which are collectively referred to as the "Property"); and,

WHEREAS, the City of West Allis (the "City") wishes to encourage economic development, eliminate blight, expand the City's tax base and foster job creation for the City through the development of the Property; and,

WHEREAS, West Quarter West, LLC and West Quarter East, LLC (collectively, the "Developer") plan on preparing the Property for redevelopment into a mixed-use project containing one or mor...

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