Sponsor
Alderman Helding
Title
1129 Michigan Boulevard (Harborside Property)
Resolved, that the City and the Redevelopment Authority are authorized to enter into a Memorandum of Agreement for the maintenance, general oversight and eventual transfer of ownership from the City to the Redevelopment Authority for the Harborside Parcel, as outlined in the Memorandum of Understanding.
Further resolved, that the Mayor of the City and the Chairman of the Redevelopment Authority, and their representatives as indicated in the Memorandum of Understanding are authorized and directed to execute said document for the maintenance, general oversight and eventual transfer of ownership of the Harborside Parcel.
Fiscal Note: Costs will be addressed through funds secured from the US EPA and WEDC, TID 14, Intergovernmental Shared Revenue Fund, Capital Improvement Budget, Redevelopment Activities account as part of the Department of City Development budget, and future efforts to attract additional funds from multiple sources.