City of Milwaukee - File #: 061127

• File #: 061127
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 12/12/2006
• In control: PUBLIC WORKS COMMITTEE
• Final action: 1/17/2007
• Title: Resolution declaring City-owned vacant lots in the vicinity of 25th, 26th and Center Streets surplus to municipal needs and authorizing their sale to United Baptist Church, Inc. for housing development, in the 7th Aldermanic District.
• Sponsors: ALD. WADE
• Indexes: LAND DISPOSITION REPORTS, PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
1/23/2007	0	MAYOR	SIGNED
1/17/2007	0	COMMON COUNCIL	ADOPTED	Pass	13:0
1/3/2007	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearances by: Bunkie Miller, Dept. of City Development-Real Estate Pastor Elloyd Jones, United Christian Church Attorney Teig Whaley-Smith, Community Development Advocates, LLC Erck Schwenker, President of Cardinal Capital Manage, Inc.	Pass	5:0
12/14/2006	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
12/13/2006	0	PUBLIC WORKS COMMITTEE	REFERRED TO
12/12/2006	0	COMMON COUNCIL	ASSIGNED TO

Number

061127

Version

ORIGINAL

Reference

Sponsor

ALD. WADE

Title

Resolution declaring City-owned vacant lots in the vicinity of 25th, 26th and Center Streets surplus to municipal needs and authorizing their sale to United Baptist Church, Inc. for housing development, in the 7th Aldermanic District.

Analysis

This resolution authorizes the sale of vacant land according to the conditions in the Land Disposition Report pursuant to Section 304-49-17, Milwaukee Code of Ordinances.

Body

Whereas, United Baptist Church, Inc. has submitted an unsolicited offer to purchase the tax-deed vacant lots at 2500-04 West Center Street and 2702-14, 2718-20, 2724, 2728 and 2754 North 26th Street for development of affordable housing; and

Whereas, Section 304-49-17 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed price and redevelopment represents fair compensation to the City considering the investment in the neighborhood and contribution to the tax base; and

Whereas, DCD also recommends acceptance of the unsolicited offer since the project will be developed by an area church and will help fulfill the church’s mission to improve the neighborhood; and

Whereas, DCD submits a Land Disposition Report, a copy of which is attached to this Common Council File, describing the terms and conditions of the proposed sale; and

Whereas, The City Plan Commission determined that these lots are surplus to municipal needs; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the City-owned vacant lots at 2500-04 West Center Street and 2702-14, 2718-20, 2724, 2728 and 2754 North 26th Street are declared surplus to municipal needs and the offer to purchase submitted by United Baptist Church, Inc., as outlined in the Land Disposition Report, is accepted; and, be it

Further Resolved, That the Commissioner of DCD or designee is directed to execute an Option to Purchase, an Agreement for Sale, release of any deed restrictions that inhibit development and other legal documents on behalf of the City and to close the transaction according to the terms of the Land Disposition Report; and, be it

Further Resolved, That the sale proceeds, less sale expenses and a 25 percent disposition cost reimbursement to the Redevelopment Authority of the City of Milwaukee, shall be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.

Drafter

DCD/Real Estate

EMM:bmm

12/12/06/B