Number
010932
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, TAX KEY NUMBER, LISTING PRICE, ALDERMANIC DISTRICT
2455-57 North 9th Street, TK #323-0116-000, $16,800.00, 17th
2658 North 10th Street, TK #323-0210-000-3, and the vacant lot at 2654 North 10th Street, TK #323-0211-X, $5,000.00, 17th
2378 North 15th Street, TK #324-0182-000-X, $7,100.00, 17th
2555 North 16th Street, TK #324-1121-000-5, and the vacant lot at 2561 North 16th Street, TK #324-1122-X, $25,300.00, 17th
2777-79 North 20th Street, TK #310-0261-000-3, $18,200.00, 7th
2940 North 20th Street, TK #311-1280-100-9, $10,000.00, 7th
2749 North 34th Street, TK #309-0845-000-7, $19,200.00, 7th
5004 North 74th Street, TK #212-0473-100-1, $73,300.00, 2nd
127-29 West Auer Avenue, TK #282-0807-000-4, $27,100.00, 6th
2807 North Buffum Street, TK #314-0789-000-3, $22,300.00, 6th
2234 West Center Street, TK #310-0434-000-3, $14,200.00, 7th
3710 West Frederica Place, TK #436-0349-000-3, $57,000.00, 16th
2450-52 West Garfield Avenue, TK #350-2064-000-4, $15,700.00, 7th
4453 South Howell Avenue, TK #595-9917-000-0, $87,000.00, 13th
2208 North Hubbard Street, TK #353-0110-000-9, $22,400.00, 6th
10216 West Mill Road, TK #145-0630-000-3, $111,100.00, 15th
3811-13 West Sarnow Street, TK #348-1404-000-5, $18,300.00, 17th
1220 West Scott Street, TK #432-0331-000-6, $39,300.00, 12th
3140 North Teutonia Avenue, TK #284-2237-000-7, $41,500.00, 10th
4720-22 West Vliet Street, TK #367-0453-000-X, $56,500.00, 16th
1223-29 West Walker Street, TK #432-0631-000-7, $97,700.00, 12th
1104-06 West Windlake Avenue, TK #468-1245-000-X, $28,900.00, 12th
1600-06 West Wright Street, TK #324-1111-000-0, and the vacant lot at 2513-15 North 16th Street, TK #324-1112-X, $13,600.00, 17th
; 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:kt
11/06/01/A