Number
010730
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring as surplus and authorizing the sale of improved, City-owned/tax-deed properties located in various aldermanic districts. (DCD)
Analysis
This resolution directs the Commissioner of the Department of City Development or designee to dispose of property in accordance with the ordinance governing the sale of surplus property.
Body
Whereas, The Commissioner of the Department of City Development recommends the sale of the following City-owned/tax-deed properties in "as is" condition via the open listing method:
PROPERTY ADDRESS, LISTING PRICE, ALDERMANIC DISTRICT
2547 North 2nd Street, TK #322-0035-000-5, $39,900.00, 6th
3475 North 2nd Street, TK #282-2302-000-5, $23,800.00, 6th
3350-52 North 5th Street, TK #282-1336-000-2, $27,700.00, 6th
3873 North 5th Street, TK #273-1557-000-5, and the vacant lot at 3877 North 5th Street, TK #273-1556-X, $20,700.00, 6th
1839 South 5th Street, TK #462-0939-000-0, $18,000.00, 12th
5051 North 26th Street, TK #206-0010-000-X, $31,100.00, 1st
5329 North 27th Street, TK #193-9984-000-X, $59,000.00, 9th
2636-38 North 28th Street, TK #326-0026-000-5, $29,300.00, 7th
2927-29 North 28th Street, TK #309-0230-000-3, $36,800.00, 10th
3124 North 29th Street, TK #286-1092-000-6, and the vacant lot at 3128 North 29th Street, TK #286-1093-1, $11,600.00, 10th
3164 North 29th Street, TK #286-1102-000-9, $8,800.00, 10th
2746 North 30th Street, TK #309-1139-000-7, and the vacant lot at 2750 North 30th Street, TK #309-1140-2, $22,200.00, 7th
1310-12 North 31st Street, TK #365-1330-000-4, $47,900.00, 4th
2214 North 32nd Street, TK #349-0575-000-5, and the vacant lot at 2210 North 32nd Street, TK #349-0574-X, $17,900.00, 17th
2414 North 32nd Street, TK #326-0543-000-6, $48,200.00, 7th
2201-03 North 33rd Street, TK #349-0239-000-8, $32,000.00, 17th
2432-34 North 33rd Street, TK #326-0878-000-8, $11,600.00, 7th
2745 North 33rd Street, TK #309-0809-000-0, $15,000.00, 7th
735 North 34th Street, TK #388-0508-000-8, $56,300.00, 4th
2038-40 North 34th Street, TK #349-0362-000-7, $17,900.00, 17th
2626 North 34th Street, TK #326-1448-000-8, $17,900.00, 7th
3132 North 34th Street, TK #286-0474-000-4, $39,100.00, 10th
1134-36 North 35th Street, TK #388-1015-000-6, $35,200.00, 4th
2542-42A North 35th Street, TK #326-1506-000-2, and the vacant lot at 2536 North 35th Street, TK #326-1505-7, $20,400.00, 7th
1413-15 North 37th Street, TK #366-1711-000-2, $14,200.00, 17th
3151 North 37th Street, TK #287-9941-000-3, $38,400.00, 10th
2567-69 North 38th Street, TK #327-1042-000-8, $38,200.00, 7th
2015-17 North 39th Street, TK #348-0707-000-4, $17,700.00, 17th
4250 North 40th Street, TK #247-9820-000-X, $28,500.00, 1st
2167 North 41st Street, TK #348-0528-000-1, $14,900.00, 17th
2454-56 North 41st Street, TK #327-0577-000-9, $54,100.00, 17th
5522 North 41st Street, TK #192-1266-000-3, $22,000.00, 9th
5041 North 42nd Street, TK #208-0183-000-6, $35,600.00, 1st
5165 North 42nd Street, TK #208-0419-000-8, $32,700.00, 1st
4223 North 48th Street, TK #248-0163-100-9, $38,200.00, 2nd
6428-30 North 53rd Street, TK #139-1184-0, $92,300.00, 9th
4369 North 54th Street, TK #249-0739-000-0, $39,900.00, 2nd
5938 North 62nd Street, TK #174-0127-000-0, $40,200.00, 9th
5647 North 64th Street, TK #174-0778-000-0, $82,200.00, 2nd
4352 North 66th Street, TK #226-1089-000-1, $67,800.00, 2nd
4468 North 71st Street, TK #225-1141-000-6, $63,800.00, 2nd
2505-07 West Greenfield Avenue, TK #459-1213-000-6, $43,100.00, 8th
215-17 West Mitchell Street, TK #462-0120-000-8, $7,500.00, 12th
1973-75 South Muskego Avenue, TK #470-2715-000-0, $14,400.00, 8th
2304 West Orchard Street, TK #459-0109-000-2, $40,500.00, 8th
; and
Whereas, Any adjoining City-owned/tax-deed vacant lot may be sold with an improved property to enhance its disposition and by this resolution is declared surplus; and
Whereas, The City Plan Commission and the Public Improvements Committee have determined that said properties have no possible municipal use and are surplus to the City's needs and recommends sale of them to the highest acceptable offer; and
Whereas, The Zoning, Neighborhoods and Development Committee has determined that said properties should be sold via the open listing method pursuant to Section 304-49 of the Milwaukee Code of Ordinances under the following terms and conditions:
A. The Offer conforms in all respects with the sales procedure.
B. The net offer (offer less sale's commission) is greater than 75 percent of the listing price.
C. The buyer is not delinquent in the payment of real estate taxes on any properties that he/she may own in the City of Milwaukee.
D. The buyer has not been convicted, within twelve months preceding the date of the Offer, of failure to comply with an order from the Commissioner of the Department of Neighborhood Services of the City of Milwaukee to correct code violations; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said properties are declared surplus and that the Commissioner of the Department of City Development or designee is authorized and directed to advertise and list said properties for sale to the highest acceptable offer; and, be it
Further Resolved, That the Commissioner of the Department of City Development or designee is authorized and directed to accept Offers to Purchase on behalf of the City of Milwaukee and to perform such acts as are necessary to close the transactions under the terms and conditions as set forth above; and, be it
Further Resolved, That if no offer is received for any property after advertising it on two occasions, the asking price will be reduced by up to 25 percent; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchasers are required to bring property into compliance with applicable building codes within the time specified by the Department of Neighborhood Services or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council; and, be it
Further Resolved, That the proceeds remaining from the sale of surplus property after payment of commissions and other closing related expenses be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD:KT:lh
09/25/01/A