Resolution 080183 was brought forward to authorize a land sale of approximately 7.8 acres in the Menomonee Valley to Charter Wire for their future relocation. Charter Wire which has been located in the Third Ward for the past seventy-two years made the decision to move to the Menomonee Valley because their lease expires in 2009 and the Menomonee Valley offers a better opportunity for expansion. Charter Wire intends to build a 160,000 square feet facility that could grow to over 200,000 square feet. Not only does this re-location further the rebirth of the Menomonee Valley but it opens up a significant area of the Third Ward to re-development. This resolution was approved and will now go before the full Common Council.