City of Oak Creek

Common Council Report

 

Meeting Date: August 6, 2007

 

Item No.:  9    

 

Recommendation:  That the Common Council adopt Resolution No. 10780-080607, which would approve the development agreement with Liberty Property Limited Partnership (Developer) for the installation of public improvements that will accommodate the Liberty Business Park at 9950, 10068 and 10108 S. 27th Street (Tax Key Nos. 927-9997, 9998, 9999-010) (Project No. 07081) (2nd Aldermanic District).

 

Background:  The Developer is proposing to construct a new business park at 9950, 10068 and 10108 S. 27th Street.  The new business park will necessitate construction of public sanitary sewer, water main, storm sewer and drainage facilities, roads, lights and sidewalk.  This agreement will provide the City with the authority to direct and control the design and construction of the required public improvements to ensure they meet City codes and specifications.

 

Fiscal Impact:  None.  Developer funded.  Repayment terms are handled under the TIF Agreement.

 

Prepared by:

 

 

 

Henry W. Jackson, P.E.

Development Engineer

Respectfully submitted,

 

 

 

Patrick DeGrave

City Administrator

 

Approved by:

 

 

 

Wayne St. John, P.E.

City Engineer

 

 

Fiscal review by:

 

 

 

Beverly A. Buretta, CMC

City Clerk

 

 

RESOLUTION NO. 10780-080607

 

BY:  ________________________________

 

RESOLUTION APPROVING THE

DEVELOPMENT AGREEMENT WITH

LIBERTY PROPERTY LIMITED PARTNERSHIP

FOR

LIBERTY BUSINESS PARK

 

(2ND ALDERMANIC DISTRICT)

 

            BE IT RESOLVED that Chapter 14 of the Municipal Code requires that a development agreement be entered into first prior to the required public improvements being installed.

 

            BE IT FURTHER RESOLVED that the Development Agreement attached hereto and incorporated herein by reference, by and between Liberty Property Limited Partnership, as party of the first part, and the CITY OF OAK CREEK, as party of the second party, be and the same is hereby approved.

 

            Introduced at a regular meeting of the Common Council of the City of Oak Creek held this 6th day of August, 2007.

 

 

                                                                                    _____________________________

                                                                                    President, Common Council

 

            Approved this 6th day of August, 2007.

 

 

                                                                                    _____________________________

                                                                                    Mayor

 

ATTEST:

 

 

_________________________________                  VOTE: Ayes:  ______ Noes: ______

City Clerk