IMMEDIATE ADOPTION
Number
260301
Version
ORIGINAL
Reference
001802, 250890
Sponsor
ALD. STAMPER
Title
Resolution releasing certain deed restrictions related to the 2003 conveyance of the former tax-deed vacant lot at 1212-14 West Cherry Street in the 15th Aldermanic District.
Analysis
This resolution releases deed restrictions imposed by the City of Milwaukee in 2003 requiring 1212-14 West Cherry Street remain open space and that no principal building may be erected thereon and that once 1212-14 West Cherry Street is combined with 1216-18 West Cherry Street, that the combined parcel shall not be divided without Common Council of the City of Milwaukee approval.
Body
Whereas, The City of Milwaukee (the “City”) conveyed 1212-14 West Cherry Street in 2003 to JED Investment Corp. with a quit claim deed that contained certain restrictions (Recorded document number 8570981 at the Milwaukee County Register of Deeds); and
Whereas, The City of Milwaukee vacant lot previously known as 1212-14 West Cherry Street has since been combined with 1216-18 West Cherry Street and is presently known as 1216 West Cherry Street (the “Property”); and
Whereas, The 2003 deed contains restrictions that the City lot at 1212-14 West Cherry Street remain open space and that no principal building may be erected thereon and that once 1212-14 West Cherry Street is combined with 1216-18 West Cherry Street that the combined parcel shall not be divided without Common Council of the City of Milwaukee approval (collectively “Deed Restrictions”); and
Whereas, The local Alderperson is supportive of the construction of NEU VUE’s mixed-used development; and
Whereas, The Deed Restrictions cannot be released except upon approval of the Common Council of the City of Milwaukee; and
Whereas, NEU VUE, LLC the current owner of the property and has requested the release of the Deed Restrictions in order to pursue assemblage of land with a Certified Survey Map and to commence construction of its mixed-use building in accordance with Common Council File No. 250890; now, therefore, be it;
Resolved; By the Common Council of the City of Milwaukee; that the proper City officials are authorized to execute all documents necessary to release the deed restrictions proscribed in the 2003 deed; and, be it
Further Resolved, That the Commissioner of the Department of City Development, or designee, is authorized to execute the necessary legal document(s) to release, waive and disclaim such restrictions and rights.
Drafter
DCD:Rosita.Ross:rr
06/23/26/A