Number
121715
Version
ORIGINAL
Reference
Sponsor
ALD. BOHL and WADE
Title
Resolution authorizing the sale of City-owned scattered site properties to the Center for Veterans Issues, Ltd. for development of permanent supportive housing for homeless and disabled veterans, in the 2nd, 4th, 5th, 6th, 7th and 15th Aldermanic Districts.
Analysis
This resolution authorizes the sale of multiple, City-owned Development Properties and Neighborhood Properties pursuant to Section 304-49-4, Milwaukee Code of Ordinances, according to the conditions in a Land Disposition Report.
Body
Whereas, The Center for Veterans Issues, Ltd. ("CVI") has received funding from the U.S. Department of Housing and Urban Development and the Home Depot Foundation to develop Veterans Gardens, a scattered site project to provide 30 units of permanent supportive housing for homeless and disabled veterans; and
Whereas, Military veterans make up a disproportionate number of homeless individuals in the United States and permanent supportive housing is recognized by the Veterans Administration as a viable housing model to serve veterans who are homeless or at risk of homelessness; and
Whereas, The Milwaukee Common Council has endorsed the 10-Year Plan to End Homelessness, which calls for the development of approximately 800 units of permanent supportive housing within the City limits; and
Whereas, The Department of City Development ("DCD") has tentatively identified a number of multi-family and duplex properties that would be suitable for rehabilitation for the Veterans Gardens project; and
Whereas, DCD has drafted an Option to Purchase with CVI to outline the project and the terms and conditions for sale as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and
Whereas, DCD will work with CVI regarding the final property selections for the Veterans Gardens project and may make additional properties available for purchase if the City acquires additional tax foreclosures or properties become vacant in the target areas; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of DCD, or designee, is authorized to accept the development proposal submitted by CVI to acquire a package of City-owned multi-family and duplex properties in a variety of City neighborhoods as outlined in said Land Disposition Report; and, be it
Further Resolved, That in the event the City acquires additional tax-deed properties that may be better suited for the project or that properties identified in the Land Disposition Report are not suitable for rehabilitation, the Commissioner of DCD may substitute other City-owned properties upon approval of the local member of the Common Council; and, be it
Further Resolved, That the Commissioner of DCD, or designee, is authorized to negotiate and execute an Option to Purchase with CVI upon approval of this resolution by the Common Council; and, be it
Further Resolved, That the Commissioner of DCD, or designee, is authorized to negotiate an Agreement for Sale prior to closing to define the final property list for conveyance, which list shall be approved by the local members of the Common Council in whose districts the properties are located, outline the terms and conditions for the purchase and rehabilitation of the houses and provide for reversion of title in the event of non-performance; and, be it
Further Resolved, That the Commissioner of DCD shall execute the required legal documents to close the transaction on behalf of the City, including release of any deed restrictions that inhibit development or cloud title, and any needed easements; and, be it
Further Resolved, That DCD is authorized to close the transaction according to the terms of the Land Disposition Report upon DCD approval of final rehabilitation scopes of work and evidence of firm financing; and, be it
Further Resolved, That the sale proceeds, less sale expenses and a 30 percent reimbursement fee 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
03/21/13/B