HomeMy WebLinkAbout11. 22-437OCTOBER 25, 2022 22-437 RESOLUTION
(CARRIED 7-0 LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: APPROVE AMENDMENT TO TIF 40 DEVELOPMENT
AGREEMENT WITH MILES KIMBALL LLC FOR
REDEVELOPMENT OF THE MILES KIMBALL BUILDING
INITIATED BY: COMMUNITY DEVELOPMENT
WHEREAS, the Common Council approved a Development Agreement with
Miles Kimball LLC for the redevelopment of the Miles Kimball building on April 13, 2021;
and
WHEREAS, Miles Kimball LLC is requesting to amend said Development
Agreement to extend the project completion deadline from September 1, 2022 to April 1,
2023 due to supply chain issues.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper City officials are hereby authorized and directed to enter into a
Development Agreement with Miles Kimball LLC for the redevelopment of the Miles
Kimball Building, per the attached, in substantially the same terms as attached hereto,
any changes in the execution copy being deemed approved by their respective signatures,
and to carry out all actions necessary to implement the City's obligations under the
Development Agreement.
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us
TO: Honorable Mayor and Members of the Common Council
FROM: Kelly Nieforth, Community Development Director
DATE: October 20, 2022
RE: Approve Amendment to TID 40 Development Agreement with Miles Kimball
LLC for Redevelopment of the Miles Kimball Building
BACKGROUND
The Common Council approved the TID 40 Development Agreement with Miles Kimball LLC
for the redevelopment of the Miles Kimball building on July 27, 2021.
ANALYSIS
Miles Kimball LLC has requested an extension of the project completion deadline from
September 1, 2022 to April 1, 2023 due to supply chain issues. All other terms and obligations of
the development agreement remain the same.
FISCAL IMPACT
The fiscal impact remains unchanged.
RECOMMENDATION
The Common Council approves the amendment to the TID 40 Development Agreement with
Miles Kimball LLC for the redevelopment of the Miles Kimball building.
Respectfully Submitted, Approved:
Kelly Nieforth John Fitzpatrick
Community Development Director Assistant City Manager / Director of
Administrative Services