CCR2017053-HSI
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #053-2017
RESOLUTION TO AUTHORIZE DEVELOPMENT INCENTIVES
FOR HSI – MUSKEGO PARTNERS, LLC AS
MANAGING MEMBER OF HSI MUSKEGO INDUSTRIAL, LLC
WHEREAS, Resolution #043-2017 was adopted by the Common Council on May 9,
2017, which authorized development incentives to CGS Premier; and
WHEREAS, Since adoption of the Resolution, the City has become aware that CGS
Premier is not the correct entity that should receive the development incentives; and
WHEREAS, The Common Council rescinded Resolution #043-2017 on May 23, 2017;
and
WHEREAS, Resolution #053-2017 reflects that HSI – Muskego Partners, LLC as
managing member of HSI Muskego Industrial, LLC will receive the following
development incentives:
An eight-year pay-as-you-go incentive with an annual minimum grant in the
amount of $50,000.00 and a maximum of $94,000.00.
The net accumulated payments over the eight-year period will not
exceed $575,000; and
WHEREAS, The Common Council hereby authorizes the City Attorney to prepare a
Developer’s Agreement between the City and HSI Muskego Industrial, LLC to be
reviewed by Quarles & Brady. Said Agreement will be placed on a future Council
agenda for approval.
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of
Muskego does hereby authorize the financial development incentives to HSI – Muskego
Partners, LLC as managing member of HSI Muskego Industrial, LLC as outlined above.
rd
DATED THIS 23 DAY OF MAY , 2017.
SPONSORED BY:
CITY OF MUSKEGO
COMMON COUNCIL
This is to certify that this is a true and accurate copy of Resolution #053-2017 which
was adopted by the Common Council of the City of Muskego.
___________________________
Clerk-Treasurer
5/2017