Number
041625
Version
ORIGINAL
Reference
Sponsor
ALD. MCGEE
Title
Resolution declaring 13 City vacant lots surplus to municipal needs and authorizing their sale to the Neighborhood Improvement Development Corporation, a not-for-profit organization, for residential construction, in the 6th Aldermanic District. (DCD)
Analysis
This resolution will result in the sale of 13 City vacant lots for residential construction.
Body
Whereas, The Neighborhood Improvement Development Corporation ("NIDC") has submitted an Offer to Purchase in the amount of $1 each the following City vacant lots, which are located in the Year 2005 Brooks Targeted Investment Neighborhood ("Brooks TIN") for construction of ten single-family homes for sale to owner-occupants to spearhead new investment in the area:
ADDRESS TAX KEY NO.
2608 North 4th Street, #322-0916-000-4
2612 North 4th Street, #322-0917-000-X
2470-72 North 5th Street, #322-1149-100-X
2476 North 5th Street, #322-1152-000-X
431 West Wright Street, #322-1150-000-9
425 West Wright Street, #322-1151-100-0
2619 North 5th Street, #322-0985-100-7
2625 North 5th Street, #322-0984-000-5
2629-31 North 5th Street, #322-0983-000-X
2616 North 5th Street, #322-0962-000-5
2624 North 5th Street, #322-0963-000-0
2516-20 North 6th Street, #323-0546-100-7
2524 North 6th Street, #323-0543-120-5
; and
Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer contingent upon final site and building plan approval by its Development Center prior to closing on said lots; and
Whereas, Said lots are to be sold in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition; and
Whereas, The deed of conveyance for some of the lots may contain City-imposed deed restrictions preventing division of said lots and prohibiting construction without the prior approval of the Common Council of the City of Milwaukee; and
Whereas, In order for NIDC to assemble the lots and build upon them, the City-imposed deed restrictions must be released; and
Whereas, This resolution will authorize the Commissioner of DCD, or designee, to prepare the necessary documents for deed restriction releases if required; and
Whereas, The City Plan Commission has determined that there is no municipal need for said lots; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the above City vacant lots are declared surplus to municipal needs, that the Offer to Purchase from NIDC is accepted and that the Commissioner of DCD, or designee, is authorized and directed to perform such acts as necessary to carry out the intent of this resolution; and, be it
Further Resolved, That the proceeds from said sale be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD:SS:ss
03/16/05/D