Number
070229
Version
ORIGINAL
Reference
041628
Sponsor
ALD. BAUMAN
Title
Resolution authorizing the sale of the City-owned vacant lot at 2914 West St. Paul Avenue to the West End Development Corporation for residential construction, in the 4th Aldermanic District.
Analysis
This resolution authorizes the sale of a Neighborhood Property to a buyer pursuant to Section 304-49-7, Milwaukee Code of Ordinances.
Body
Whereas, By adoption of Common Council File No. 041628, the City of Milwaukee (“City”) authorized the sale of the vacant lot at 2914 West St. Paul Avenue to the Merrill Park Neighborhood Association (“MPNA”); and
Whereas, MPNA was unable to perform prior to the offer expiration, but has worked with West End Development Corporation (“WEDC”), a nonprofit organization, to purchase the City-owned vacant lot at 2914 West St. Paul Avenue for residential construction as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and
Whereas, Section 304-49-7 of the Milwaukee Code of Ordinances allows the City to accept unsolicited offers to purchase when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, The City will receive fair compensation by providing new affordable homeownership opportunities and expanding the tax base; and
Whereas, The Department of City Development (“DCD”) recommends sale of this lot with closing contingent on DCD approval of final site and building plans and evidence of financing; and
Whereas, This lot will be sold in “as is” condition without representations or warranties including but not limited to soil quality and subsurface condition; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Offer to Purchase the vacant lot at 2914 West St. Paul Avenue from WEDC is accepted; and, be it
Further Resolved, That the Commissioner of DCD or designee is authorized to perform such acts as necessary to carry out the intent o...
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