Number
011301
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. DONOVAN, CAMERON, SANCHEZ AND HINES
Title
Substitute resolution declaring various vacant, City-owned or tax-deed lots surplus and accepting an Offer to Purchase from Revitalize Milwaukee, LLC for new residential construction, in the 8th, 10th, 12th and 17th Aldermanic Districts.
Analysis
This substitute resolution will result in the sale of 22 vacant, City-owned or tax-deed lots for new residential construction.
Body
Whereas, Revitalize Milwaukee, LLC has submitted an Offer to Purchase the following vacant, City-owned or tax-deed lots for $1 each for new residential construction:
ADDRESS, TAX KEY NUMBER
In the 8th Aldermanic District:
2324 South 16th Street, 496-0644-5
2328 South 16th Street, 496-0645-0
1551-57 West Grant Street, 469-0803-1
1920 South 22nd Place, 470-2739-111-3
In the 10th Aldermanic District:
3208-10 North 24th Street, 285-1032-1
3214-16 North 24th Street, 285-1033-7
3277 North 24th Street, 285-0304-1
3281 North 24th Street, 285-0303-6
3160 North 25th Street, 285-0873-100-2
3137 North 25th Street, 285-0859-X
3141 North 25th Street, 285-0860-5
In the 12th Aldermanic District:
725 South 21st Street, 434-1006-1
909 South 21st Street, 434-0087-5
1915 South 11th Street, 468-0030-2
1919 South 11th Street, 468-0029-7
2045-47 South 15th Street, 469-0696-1
2049-51 South 15th Street, 469-0697-7
In the 17th Aldermanic District:
2402-04 North 37th Street, 327-0050-8
2434-36 North 38th Street, 327-0927-0
2438-40 North 38th Street, 327-0928-6
2433-35 North 39th Street, 327-0591-5
2445-47 North 40th Street, 327-0558-5
; and
Whereas, Revitalize Milwaukee, LLC also has requested the following vacant lots as alternate sites if any of the above are deemed infeasible for new construction:
ADDRESS, TAX KEY NUMBER
In the 10th Aldermanic District:
3259 North 21st Street, 285-0168-100-X
3263 North 21st Street, 285-0167-8
3324-26 North 22nd Street, 285-0408-7
3328 North 22nd Street, 285-0409-2
3342 North 22nd Street, 285-0413-4
3344 North 22nd Street, 285-0414-100-6
In the 17th Aldermanic District:
2171-73 North 36th Street, 348-1064-8
2102-04 North 37th Street, 348-1080-5
2037 North 37th Street, 348-0239-0
2039-41 North 37th Street, 348-0237-100-6
; and
Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer contingent upon:
1. Site and building plan approval by DCD's Planning Division.
2. A financial commitment in place to complete the project as proposed.
3. Closing must occur within 180 days from the Wisconsin Housing and Economic Development Authority's approval of a housing tax-credit reservation for the project.
4. Construction must commence within two months from the date of closing; and
Whereas, DCD recommends sale in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition; and
Whereas, The City Plan Commission has determined that said lots are surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said lots are declared surplus; and, be it
Further Resolved, That the Offer to Purchase from Revitalize Milwaukee, LLC is accepted and that the Commissioner of DCD, or assigns, is authorized and directed to perform such acts as necessary to carry out the intent of this resolution with the proceeds from sale being credited to the proper account; and, be it
Further Resolved, That all of the above-listed primary or alternate sites not developed by Revitalize Milwaukee, LLC shall be released from reserved status for disposition without further Common Council action; and, be it
Further Resolved, That in the event the project is rejected for tax-credits or fails to meet submission requirements for the application, the Offer is terminated.
Drafter
DCD-Real Estate
SS:ss
01/25/02