City of Milwaukee - File #: 041639

• File #: 041639
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 3/16/2005
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 4/12/2005
• Title: Substitute resolution declaring the parking lot at 1551 West National Avenue surplus to municipal needs and authorizing acceptance of an unsolicited Offer to Purchase from Badger Mutual Insurance Company, in the 12th Aldermanic District.
• Sponsors: James N. Witkowiak
• Indexes: PARKING LOTS, PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
4/21/2005	1	MAYOR	SIGNED
4/12/2005	1	COMMON COUNCIL	ADOPTED	Pass	14:0
4/5/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
3/23/2005	1	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED	Pass	5:0
3/23/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/21/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/18/2005	1	CITY CLERK	DRAFT SUBMITTED
3/18/2005	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
3/18/2005	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
3/16/2005	0	COMMON COUNCIL	ASSIGNED TO
3/16/2005		PUBLIC WORKS COMMITTEE	REFERRED TO

Number

041639

Version

SUBSTITUTE 1

Reference

030084

Sponsor

ALD. WITKOWIAK

Title

Substitute resolution declaring the parking lot at 1551 West National Avenue surplus to municipal needs and authorizing acceptance of an unsolicited Offer to Purchase from Badger Mutual Insurance Company, in the 12th Aldermanic District.

Analysis

This substitute resolution will declare a City-owned property surplus to municipal needs and permit the City of Milwaukee to accept an Offer to Purchase pursuant to Section 304-49-17, Milwaukee Code of Ordinances.

Body

Whereas, By adoption of File No. 030084 on June 3, 2003, the Common Council of the City of Milwaukee authorized a three-year lease of an underused, City-owned parking lot at 1551 West National Avenue with Badger Mutual Insurance Company; and

Whereas, Badger Mutual Insurance Company has offered to purchase the parking lot for continued use as parking for its employees as well as other neighborhood businesses; and

Whereas, Section 304-49-17, Milwaukee Code of Ordinances, allows the City of Milwaukee ("City") to accept offers to purchase and convey property to a designated entity for adequate fair market consideration; and

Whereas, The Department of City Development ("DCD") has reviewed the offering price and believes the price represents fair market value of the property in its "as is, where is" condition and recommends acceptance of the Offer as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and

Whereas, The City Plan Commission has determined that the parking lot at 1551 West National Avenue is surplus to municipal needs; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the City-owned parking lot at 1551 West National Avenue is declared surplus to municipal needs; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to accept said Offer to Purchase on behalf of the City and to close the transaction according to the terms summarized in said Land Disposition Report; and, be it

Further Resolved, That the sale proceeds, less a 20 percent reimbursement to the Redevelopment Authority of the City of Milwaukee and other marketing and closing expenses, shall be returned to the Department of Public Works Parking Fund Account.

Drafter

DCD-Real Estate

EMM:bmm

03/18/05