Title
Resolution accepting work of Cobalt Partners, LLC for the sidewalk streetscape project on the west side of S. 70 St. between W. Madison St. and W. Washington St. and authorizing payment in accordance with the Public Improvement Agreement in the amount of $305,916
Body
WHEREAS, Cobalt Partners, LLC has completed their obligations in accordance with the Public Improvement Agreement approved by the Common Council in Resolution R-2019-0761 on November 19, 2019 and subsequently executed with the property owners West Quarter East, LLC and West Quarter West, LLC on January 7, 2020; and
WHEREAS, West Quarter East, LLC and West Quarter West, LLC (collectively, the "Developer") are the owners of the real property and improvements located in the City of West Allis, Wisconsin, consisting of approximately 18.76 acres near the intersection of South 70th Street and Washington Street (collectively referred to as the "Property"); and,
WHEREAS, Developer is redeveloping the Property into a mixed-use project containing one or more office, health/fitness, retail hospitality, restaurant, and/or residential components, including development of new public infrastructure (collectively referred to as the "Project"); and,
WHEREAS, the City of West Allis (the "City") and Developer entered into that certain Development Agreement dated March 21, 2019 executed by the Parties for the implementation and development of the Project; and,
WHEREAS, the City of West Allis (the "City") and Developer entered into a Public Improvement Agreement on January 7, 2020 to allow Developer, at its expense, to design, construct and install the streetscape project on the west side of South 70th Street between West Madison Street and West Washington Street (the "Streetscape Project"); and,
WHEREAS, pursuant to the terms of the Public Improvement Agreement, the City agreed to pay an amount not to exceed $475,000 (the "Streetscape Funds") for the design, construction and installation of the Streetscap...
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