Number
030458
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring surplus and authorizing the sale of the improved, tax-deed property at 2636 North 36th Street, in the 7th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution declares said property surplus to municipal needs and authorizes acceptance of an unsolicited Offer to Purchase.
Body
Whereas, The Department of City Development (“DCD”) recommended that the improved, tax-deed property at 2636 North 36th Street be demolished, but subsequently received an unsolicited offer from Willie Mae Clark to purchase said property for $1,000 and to rehabilitate it for investment purposes; and
Whereas, Said property requires significant rehabilitation, but Willie Mae Clark has submitted an acceptable scope of work and evidence of adequate resources to complete the rehabilitation; and
Whereas, DCD has reviewed the submitted documents and recommends acceptance of an Offer to Purchase; and
Whereas, The City Plan Commission has determined that the property is surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the property at 2636 North 36th Street, Tax Key No. 327-1518-000-5, is declared surplus to municipal needs and that the Commissioner of DCD or her designee is authorized to accept the unsolicited Offer to Purchase from Willie Mae Clark in the amount of $1,000; and, be it
Further Resolved, That closing the transaction is contingent upon the buyer entering into a restoration agreement with the Department of Neighborhood Services within 45 days from acceptance of the Offer; and, be it
Further Resolved, That the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale of said property and that the proceeds, less a 20 percent disposition cost reimbursement to the Redevelopment Authority of the City of Milwaukee, 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.
Drafter
DCD-Real Estate
KT:kt
07/15/03/A