Number
060567
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring the City-owned property at 1000 West Mineral Street surplus to municipal needs and authorizing its sale to the United Community Center, Inc., for affordable housing purposes, in the 12th Aldermanic District.
Analysis
This resolution authorizes the sale of property to a nonprofit organization for affordable housing purposes pursuant to Section 304-49-3.
Body
Whereas, The property at 1000 West Mineral Street was acquired by the Redevelopment Authority of the City of Milwaukee (“Redevelopment Authority”) in 1994 using Community Development Block Grant funds and was subsequently conveyed to the City of Milwaukee (“City”) for use as a neighborhood substation by the Milwaukee Police Department; and
Whereas, The Milwaukee Police Department no longer has use of the building and no other municipal use exists; and
Whereas, The United Community Center, Inc., (UCC) a non-profit organization, has offered to purchase the property for $750 to convert it back to a single-family home that will be resold to an owner-occupant for affordable housing; and
Whereas, Chapter 304-49-2 of the Milwaukee Code of Ordinances allows the City to convey property to a non-profit organization for affordable housing; and
Whereas, The Department of City Development (“DCD”) recommends sale of the property to UCC with closing contingent on DCD receiving verification of financing for the purchase and rehabilitation of the property; and
Whereas, The City Plan Commission has determined that the property is surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the property at 1000 West Mineral Street is declared surplus to municipal needs; and, be it
Further Resolved, That the Commissioner of DCD is authorized to accept the offer to purchase submitted by UCC and to execute the deed of conveyance and other documents necessary to close the transaction; and, be it
Further Resolved, That if UCC is unable to complete the purchase of the property, the property shall be advertised for market value via the open listing method without further action by the Common Council; and, be it
Further Resolved, That as a condition of the sale, the purchaser is 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 to the ownership of the City upon action by the Common Council; and, be it
Further Resolved, That the Commissioner of DCD shall deposit the proceeds from the sale, net of commissions, closing related expenses and a 25 percent disposition cost reimbursement to the Redevelopment Authority, to the Community Development Grants Administration.
Drafter
DCD:KT:kt
09/06/06/A