City of Milwaukee - File #: 241600

• File #: 241600
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 2/11/2025
• In control: COMMON COUNCIL
• Final action: 3/4/2025
• Title: Resolution authorizing the sale of the City-owned tax deed property at 2875 and 2879 North 21st Street, in the 15th Aldermanic District.
• Sponsors: ALD. STAMPER
• Indexes: CITY PROPERTY, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
3/10/2025	0	MAYOR	SIGNED
3/4/2025	0	COMMON COUNCIL	ADOPTED	Pass	14:0
2/25/2025	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Rosita Ross, Dept. of City Development Shondra Duncan, buyer	Pass	5:0
2/11/2025	0	COMMON COUNCIL	ASSIGNED TO

Number

241600

Version

ORIGINAL

Reference

Sponsor

ALD. STAMPER

Title

Resolution authorizing the sale of the City-owned tax deed property at 2875 and 2879 North 21st Street, in the 15th 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 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.

Body

Whereas, The City of Milwaukee (“City”) acquired the improved property at 2879 North 21st Street through property tax foreclosure on June 14, 2024; and acquired the vacant lot at 2875 North 21st Street thorough property tax foreclosure on November 26, 2019 that together are the (“Properties”) and

Whereas, The Department of City Development (“DCD”) advertised the Properties for sale on its website and through MLS; and

Whereas, DCD accepted offers on a continuous basis until an acceptable offer was received and DCD recommends sale to Words Roasted Corn Plus, LLC (the “Buyer”), or its assignee, to acquire and redevelop the Properties as summarized in a Land Disposition Report (“LDR”) and a Due Diligence Checklist (“DDC”), copies of which are attached to this Common Council File; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the LDR and DDC are approved and that DCD is authorized to enter into a Purchase and Sale Agreement (“PASA”) with the Buyer, or assignee, materially consistent with the LDR and then convey the Properties to the Buyer, or assignee, in accordance therewith; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign the PASA, deed and requisite closing documents and to close the transaction and to take such actions as may be needed to effectuate the terms of the LDR and this resolution; and, be it

Further Resolved, That the sale proceeds, less sale and marketing expenses and a 6 percent disposition cost reimbursement to the Redevelopment Authority of the City of Milwaukee, shall be credited to the Delinquent Tax Fund.

Drafter

DCD:Rosita.Ross:rr

02/11/25/A