Number
011568
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring as surplus and authorizing the sale of improved, City-owned/tax-deed properties located in various aldermanic districts.
Analysis
This resolution directs the Commissioner of the Department of City Development or designee to dispose of property in accordance with the ordinance governing the sale of surplus property.
Body
Whereas, The Commissioner of the Department of City Development recommends the sale of the following City-owned/tax-deed properties in "as is" condition via the open listing method:
PROPERTY ADDRESS, TAX KEY NUMBER, LISTING PRICE, ALDERMANIC DISTRICT
2851-53 North 13th Street, TK #311-0802-000-0, $5,400.00, 10th
2747 North 16th Street, TK #311-2092-000-9, $11,300.00, 7th
3279 North 21st Street, TK #285-0163-000-6, $10,500.00, 10th
3038 North 22nd Street, TK #310-0140-000-5, $5,600.00, 7th
2153 North 37th Street, TK #348-1033-000-9, $6,200.00, 17th
8304 North 106th Street, TK #073-0396-000-1, $85,100.00, 15th
7342 West Beckett Avenue, TK #251-0173-000-2, $73,700.00, 2nd
3135 North Bremen Street, TK #281-0925-000-9, $29,500.00, 3rd
3368 North Buffum Street, TK #281-0649-100-5, $56,200.00, 6th
1408 West Capitol Drive, TK #244-0630-000-1, $54,300.00, 1st
5629-31 West Capitol Drive, TK #266-0032-000-8, $88,100.00, 2nd
2710 West Garfield Avenue, TK #349-1115-000-1, and the vacant lot located at 2706 West Garfield Avenue, TK #349-1114-000-6, $9,400.00, 7th
4737 North Green Bay Avenue, TK #232-0302-000-7, $16,700.00, 1st
8601-03 West Greenbrook Drive, TK #033-0185-000-9, $48,200.00, 15th
7041 West Herbert Avenue, TK #188-0622-000-7, $72,100.00, 2nd
1230 West Highland Avenue, TK #390-0513-100-X, $26,700.00, 4th
2033-35 West Hopkins Street, TK #285-1504-000-7, $15,200.00, 10th
407 West Keefe Avenue, TK #282-2202-100-8, $18,300.00, 6th
411 West Keefe Avenue, TK #282-2203-000-7, $18,300.00, 6th
2124 West Keefe Avenue, TK #270-0717-000-4, $32,500.00, 10th
2471-73 West Keefe Avenue, TK #285-1231-000-3, $19,800.00, 10th
1315 West McKinley Avenue, TK #363-0372-100-7, $13,500.00, 17th
2618 West Medford Avenue, TK #325-1020-000-3, $33,500.00, 7th
4728 West Medford Avenue, TK #267-0636-000-9, $37,200.00, 10th
7212 West Medford Avenue, TK #212-0605-000-1, $47,100.00, 2nd
2480-82 West Monroe Street, TK #325-1358-000-1, $13,600.00, 7th
1955 West Purdue Street, TK #232-0833-000-4, $26,100.00, 1st
2917-19 North Richards Street, TK #313-1824-000-3, $16,200.00, 6th
4726 West Villard Avenue, TK #191-9927-000-4, $24,400.00, 1st
124 West Wright Street, TK #322-0017-000-7, and the vacant lot located at 2504 North 2nd Street, TK #322-0018-000-2, $23,700.00, 6th
; and
Whereas, Any adjoining City-owned/tax-deed vacant lot may be sold with an improved property to enhance its disposition and by this resolution is declared surplus; and
Whereas, The City Plan Commission and the Public Improvements Committee have determined that said properties have no possible municipal use and are surplus to the City's needs and recommends sale of them to the highest acceptable offer; and
Whereas, The Zoning, Neighborhoods and Development Committee has determined that said properties should be sold via the open listing method pursuant to Section 304-49 of the Milwaukee Code of Ordinances under the following terms and conditions:
A. The Offer conforms in all respects with the sales procedure.
B. The net offer (offer less sale's commission) is greater than 75 percent of the listing price.
C. The buyer is not delinquent in the payment of real estate taxes on any properties that he/she may own in the City of Milwaukee.
D. The buyer has not been convicted, within twelve months preceding the date of the Offer, of failure to comply with an order from the Commissioner of the Department of Neighborhood Services of the City of Milwaukee to correct code violations; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said properties are declared surplus and that the Commissioner of the Department of City Development or designee is authorized and directed to advertise and list said properties for sale to the highest acceptable offer; and, be it
Further Resolved, That the Commissioner of the Department of City Development or designee is authorized and directed to accept Offers to Purchase on behalf of the City of Milwaukee and to perform such acts as are necessary to close the transactions under the terms and conditions as set forth above; and, be it
Further Resolved, That if no offer is received for any property after advertising it on two occasions, the asking price will be reduced by up to 25 percent; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchasers are required to bring property into compliance with applicable building codes within the time specified by the Department of Neighborhood Services or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council; and, be it
Further Resolved, That the proceeds remaining from the sale of surplus property after payment of commissions and other closing related expenses be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD:KT:kt
03/05/02/A