Number
011170
Version
ORIGINAL
Reference
Sponsor
ALD. JOHNSON-ODOM
Title
Resolution declaring various vacant, City-owned or tax-deed lots surplus and accepting an Offer to Purchase from the Inner City Redevelopment Corporation for new residential construction, in the 6th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of 20 vacant, City-owned or tax-deed lots.
Body
Whereas, The Inner City Redevelopment Corporation ("ICRC") has offered to purchase the following vacant, City-owned or tax-deed lots for $1 each for new residential construction:
ADDRESS, TAX KEY NUMBER
3003-13 North 2nd Street, #313-0752-100-0
3017 North 2nd Street, #313-0229-0
3071-73 North 2nd Street, #313-0225-9
3077-79 North 2nd Street, #313-0226-4
3157-57B North 2nd Street, #282-1516-100-7
3161-63 North 2nd Street, #282-1518-100-8
3207 North 2nd Street, #282-1526-100-1
3227 North 2nd Street, #282-1536-100-6
3259 North 2nd Street, #282-1548-5
3265 North 2nd Street, #282-1552-7
3269 North 2nd Street, #282-1553-100-9
3277 North 2nd Street, #282-1557-100-0
3285 North 2nd Street, #282-1558-100-6
3260 North 2nd Street, #282-0381-X
3272-74 North 2nd Street, #282-0379-9
3278 North 3rd Street, #282-1556-9
3284 North 3rd Street, #282-1559-5
112-14 East Chambers Street, #313-0728-100-X
118 East Chambers Street, #313-0727-8
122 East Chambers Street, #313-0726-2
; and
Whereas, The Department of City Development ("DCD") recommends acceptance of this Offer contingent upon site and building plan approval, a financial commitment in place to complete the project as proposed, and closing must occur within six months from the date of this Council file's approval; and
Whereas, DCD recommends sale in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition; and
Whereas, The City Plan Commission has determined that said lots are surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said lots are declared surplus; and, be it
Further Resolved, That the Offer to Purchase from the Inner City Redevelopment Corporation is accepted and that the proper City officials are authorized and directed to perform such acts as necessary to carry out the intent of this resolution with the proceeds from said sale being credited to the proper account.
Drafter
DCD-Real Estate
SS:ss
12/21/01/A