Number
011304
Version
ORIGINAL
Reference
010176
Sponsor
THE CHAIR
Title
Resolution amending the disposition of the surplus, improved, tax-deed property at 3414 North 18th Street to permit conveyance to Williamsburg Heights Community Block Club Association, in the 10th Aldermanic District. (DCD)
Analysis
This resolution amends the disposition of said property by allowing a reduction in the purchase price to permit sale to a nonprofit organization to be used as a social services facility.
Body
Whereas, In Common Council File No. 010176, adopted on July 3, 2001, the asking price for the surplus, improved, tax-deed property at 3414 North 18th Street (Tax Key No. 284-1717-000-8) was established at $10,700 and the property was subsequently advertised for sale; and
Whereas, Williamsburg Heights Community Block Club Association, a nonprofit organization, submitted an offer to purchase said property in the amount of $500 for rehabilitation and use as a social services facility; and
Whereas, The offering price is below the guidelines of the Department of City Development ("DCD"), but DCD recommends acceptance of the offer since the sale qualifies for purchase under the ordinance as a sale to a community based organization; and
Whereas, Closing of the transaction is contingent on Williamsburg Heights Community Block Club Association obtaining:
1. Special use permit from the Board of Zoning of Appeals.
2. Financing for the proposed rehabilitation.
3. Approval of final rehabilitation plans by DCD.
; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Department of City Development is authorized to sell the surplus, improved, tax-deed property at 3414 North 18th Street to Williamsburg Heights Community Block Club Association for $500; and, be it
Further Resolved, That the Commissioner of DCD, or assigns, is authorized to perform such acts as may be required to consummate the sale and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchaser is required to bring property into compliance with applicable building codes within the time specified by the Department of Neighborhood Services or property may revert to the ownership of the City of Milwaukee upon action by the Common Council; and, be it
Further Resolved, That in the event that the buyer is unable to purchase said property, disposition will automatically revert to sale via the open listing method at the previously established listing price without further action by the Common Council.
Drafter
DCD:KT:kt
01/22/02/A