Sponsor
Alderman Shakoor
Title
Large-scale Redevelopment of Lands Along the Root River in Downtown Racine, to Include Property Previously Referred to as 'Machinery Row’
A RESOLUTION AUTHORIZING CERTAIN ACTIONS IN SUPPORT OF A PLANNED, LARGE-SCALE REDEVELOPMENT OF LANDS ALONG THE ROOT RIVER IN DOWNTOWN RACINE, TO INCLUDE THOSE PROPERTIES PREVIOUSLY REFERRED TO AS “MACHINERY ROW’
WHEREAS, The City of Racine (City), as represented by its elected board of Aldermen serving as the Committee of The Whole, were presented with a series of detailed updates and reports on aspects of property disposition and ownership rights, relocation obligations and process, environmental and structural conditions of lands and buildings, demolition requirements and estimated costs, and other financial and planning considerations associated with the acquisition, demolition, remediation and preparation of lands and buildings along the Root River previously referred to collectively as “Machinery Row” (Water Street Redevelopment Properties); and,
WHEREAS, in recognition of, and consistent with the updates and reports received, it is determined to be in the best interests of the City to now pursue certain actions that, given current conditions, might best serve the long-term redevelopment of the Water Street Redevelopment Properties and that might further assure the greatest level of private sector investment therein; and,
WHEREAS, to assure the timely and effective implementation of the actions contemplated, it is necessary to provide clear authorization and direction to City staff on how to proceed with the implementation of the redevelopment of the Water Street Redevelopment Properties;
NOW THEREFORE, BE IT RESOLVED, That the Common Council adopt the following specific actions related to achieving the successful, long-term redevelopment of the Water Street Redevelopment Properties:
That City staff are directed and authorized to:
Take any necessary actions to enforce the Deve...
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