NUMB:
991536
VERS:
SUBSTITUTE 1
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution declaring as surplus and authorizing the sale of improved, City-owned/tax deed properties located in various aldermanic districts.
ANLS:
- Analysis -
This substitute 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
1572 South 3rd Street, TK #462-1190-8 $14,600 12th
2732 North 15th Street, TK #311-0209-100-3 $30,000 17th
937-39 North 19th Street*, TK #363-2602-6 $1,000 4th
*Given the historic nature of the property, in addition to the offer amount, the Commissioner of City Development will take into consideration the estimated level of investment to be made in the property, the quality of restoration plans, and the buyer's ability to fund the project. Preference will be given to owner-occupants. Use is restricted to single-family or duplex use only.
1545 South 20th Street, TK #459-0402-5 $12,000 12th
3173 North 20th Street, TK #285-0102-3 $14,600 10th
3067 North 21st Street, TK #310-0826-4 $15,200 7th
3220 North 21st Street, TK #285-0135-3 $14,000 10th
2724 North 24th Street, TK #310-0417-0 $11,600 7th
3049 North 27th Street, TK #309-0105-3 $15,000 10th
2820-22 North 29th Street, TK #309-0350-6 $12,000 7th
2019-21 North 31st Street, TK #349-2509-1 $8,000 17th
1747-49 North 33rd Street, TK #349-2327-2 $16,000 17th
3068 North 34th Street, TK #309-0903-1 $8,000 10th
5244 North 45th Street, TK #191-0509-8 $16,000 9th
5321 North 47th Street, TK #191-9899-3 $34,000 1st
5956 North 65th Street, TK #174-0596-1 $24,000 9th
4149 North 71st Street, TK #251-0436-1 $52,000 2nd
6110 West Calumet Road, TK #083-0685-110-2 $34,800 9th
2465 West Center Street, TK #325-1337-7 $8,000 7th
909-11 West Chambers Street, TK #312-1420-X $10,000 6th
1232-34 West Concordia Avenue, TK #283-0172-0 $10,000 10th
2209 West Greenfield Avenue, TK #459-0188-3 $14,000 12th
2736-38 South Herman Street, TK #504-1020-4 $82,000 14th
5813-15 West Vliet Street, TK #368-0643-X $60,000 16th
2706 West Wright Street, TK #326-1161-121-7 $8,000 7th
; 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.
ZDPT:
DFTR:
DCD:MR:jvg
01/19/00