City of Milwaukee - File #: 171901

• File #: 171901
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 3/27/2018
• In control: COMMON COUNCIL
• Final action: 4/17/2018
• Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 6369 North 46th Street, in the 9th Aldermanic District.
• Sponsors: ALD. LEWIS
• Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS

Date	Ver.	Action By	Action	Result	Tally
4/26/2018	0	MAYOR	SIGNED
4/17/2018	0	COMMON COUNCIL	ADOPTED	Pass	14:0
4/10/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Dwayne Edwards, Dept. of City Development Justin Jenkins, Above and Beyond Transportation LLC Melvin Weakley, II, Above and Beyond Transportation LLC	Pass	5:0
4/4/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/4/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/27/2018	0	COMMON COUNCIL	ASSIGNED TO

Number

171901

Version

ORIGINAL

Reference

Sponsor

ALD. LEWIS

Title

Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 6369 North 46th Street, in the 9th Aldermanic District.

Analysis

This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.

Body

Whereas, The City of Milwaukee (“City”) acquired 6369 North 46th Street (the “Property”) on June 2, 2014 through property tax foreclosure; and

Whereas, Above and Beyond Transportation LLC, managed by Justin Jenkins (the “Buyer”) has submitted an unsolicited Offer to Purchase the Property; and

Whereas, The Buyer desires to renovate and landscape the Property as summarized in a Land Disposition Report and a Due Diligence Checklist, copies of which are attached to this Common Council File; and

Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the City to accept unsolicited Offers to Purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal from the Buyer and has determined that the offer and proposal represent fair compensation to the City in terms of the purchase price and investment in the neighborhood; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the offer submitted by Above and Beyond Transportation LLC, or assignee, for the Property is accepted; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign a Purchase and Sale Agreement, deed and requisite closing documents and to close the transaction and to take such actions, as may be needed, to effectuate the terms of the Land Disposition Report and this resolution; and, be it

Further Resolved, That the sale proceeds, less sale and marketing expenses and a 30 percent disposition fee to the Redevelopment Authority of the City of Milwaukee, shall be credited to the Delinquent Tax Fund.

Drafter

DCD:Dwayne.Edwards:dke

03/27/18/D