IMMEDIATE ADOPTION
Number
251342
Version
ORIGINAL
Reference
Sponsor
ALD. STAMPER
Title
Resolution authorizing the Department of City Development to issue an Exclusive Right to Negotiate for City-owned vacant lot properties in the 15th Aldermanic District.
Analysis
This resolution authorizes the Department of City Development to issue an Exclusive Right to Negotiate to Emem Group for the purchase of 40 scattered-site vacant lot properties within the 15th Aldermanic District for the purposes of allowing the Proposed Buyer to apply for financing and advance design development for the proposed development.
Body
Whereas, The City of Milwaukee (“City”) owns the vacant lot properties listed below (the “Properties”); and
Whereas, Section 304-49-3-b-3 of the Milwaukee Code of Ordinances (“MCO”) allows the City to sell, convey or lease neighborhood property which the department received direction from the local council member as to such property’s disposition pursuant to approval from the Common Council of the City of Milwaukee (“Common Council”); and
Whereas, Section 304-49-e of the MCO defines neighborhood property to include vacant residential lots suitable for one or 2 housing units acquired prior to March 24, 2024; and
Whereas, The Properties are vacant residential lots suitable for one or 2 housing units and were acquired prior to March 24, 2024; and
Whereas, The Department of City Development (“DCD”) continuously solicits and accepts competitive proposals from buyers and developers seeking to construct new homes on City owned land and this proposal was submitted through that process; and
Whereas, Emem Group (“Proposed Buyer”), or assignee, wishes to acquire the Properties to construct 40 new single-family homes on vacant lots in the Amani neighborhood; and
Whereas, The Properties proposed to be acquired by the Proposed Buyer for construction of new single-family homes are as follows:
2659 North 20th Street
2655 North 20th Street
2639 North 20th Street
2629 North 20th Street
2549 North 20th Street
2551 North 20th Street
2533 North 20th Street
2505 North 20th Street
2639 North 21st Street
2641 North 21st Street
2631 North 21st Street
2630 North 21st Street
2618 North 21st Street
2576 North 21st Street
2572 North 21st Street
2552 North 21st Street
2473 North 21st Street
2471 North 21st Street
2470 North 21st Street
2474 North 21st Street
2457 North 21st Street
2449 North 21st Street
2445 North 21st Street
2443 North 21st Street
2433A North 21st Street
2421 North 21st Street
2637 North 22nd Street
2621 North 22nd Street
2646 North 23rd Street
2112 West Clarke Street
2130 West Clarke Street
2021 West Clarke Street
2017 West Clarke Street
2013 West Clarke Street
2009 West Clarke Street
2001 West Clarke Street
2200 West Clarke Street
2201 West Clarke Street
2213 West Clarke Street
2028 West Wright Street; and
Whereas, The Proposed Buyer’s financing for acquisition and development of the Properties involves Low Income Housing Tax Credits allocated by the Wisconsin Housing and Economic Development Authority (“WHEDA”) and the developer intends to sell the homes for affordable homeownership at the conclusion of the Tax Credit compliance period; and
Whereas, The Common Council’s approval is contingent upon Proposed Buyer obtaining DCD approval of final proposed home designs for Proposed Buyer’s development, securing all required financing to complete the project, and compliance with all other DCD and MCO requirements and securing all required approvals; and
Whereas, The Common Council’s approval of an Exclusive Right to Negotiate to Proposed Buyer will allow Proposed Buyer, or their DCD-approved assignee, time to finalize and submit their WHEDA application and to determine whether WHEDA will approve its application for a 2026 award of credits; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Exclusive Right to Negotiate is approved and DCD is authorized to issue to Proposed Buyer, or its DCD-approved assignee, an Exclusive Right to Negotiate for the properties listed above and substitute equivalent nearby lots for the ones listed above with the approval of the local Common Council member.
Drafter
DCD:Kari.Smith:krs
11/25/25/A