City of Milwaukee - File #: 081373

• File #: 081373
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 1/16/2009
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 2/10/2009
• Title: Resolution authorizing the sale of the City-owned vacant lot at 3427-29 West Villard Avenue to Villard Square, LLC, for an affordable housing, mixed-use development, in the 1st Aldermanic District.
• Sponsors: ALD. HAMILTON
• Indexes: CITY PROPERTY, HOUSING, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
2/17/2009	0	MAYOR	SIGNED
2/10/2009	0	COMMON COUNCIL	ADOPTED	Pass	15:0
2/3/2009	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Elaine Miller - Dept. of City Development Ald. Ashanti Hamilton Sam McGovern-Rowen - Northwest Side Community Development Corporation (CDC)	Pass	5:0
1/26/2009	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/16/2009	0	COMMON COUNCIL	ASSIGNED TO

Number
081373
Version
ORIGINAL
Reference

Sponsor
ALD. HAMILTON
Title
Resolution authorizing the sale of the City-owned vacant lot at 3427-29 West Villard Avenue to Villard Square, LLC, for an affordable housing, mixed-use development, in the 1st Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-7, Milwaukee Code of Ordinances.
Body
Whereas, The Northwest Side Community Development Corporation (“NWCDC”) desires to develop a mixed-used project incorporating affordable housing in the 3400 block of West Villard Avenue and has submitted an unsolicited offer to purchase the City-owned vacant lot at 3427-29 West Villard Avenue to create a building site; and

Whereas, NWCDC has created Villard Square, LLC to acquire the property and develop the project 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 of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, After review of the offer and development proposal, the Department of City Development (“DCD”) has determined that the proposed price and redevelopment represents fair compensation to the City in terms of investment in the neighborhood; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of DCD, or designee, is authorized to accept the unsolicited offer to purchase submitted by Villard Square, LLC, for the City-owned vacant lot at 3427-29 West Villard Avenue for purchase and development as outlined in the Land Disposition Report; and, be it

Further Resolved, That the Commissioner of DCD or designee is authorized to release any deed restrictions that inhibit development, execute required l...