Number
051170
Version
ORIGINAL
Reference
Sponsor
ALD. HINES
Title
Resolution to facilitate housing development in the Metcalfe Park neighborhood by declaring the City-owned vacant lots between North 27th and North 38th Streets and West North Avenue to West Center Street surplus to municipal needs and authorizing conveyance of the uncommitted City-owned lots in this area to the Gorman Company for housing development, in the 15th Aldermanic District.
Analysis
This resolution authorizes the sale of vacant lots for construction of single-family homes pursuant to Section 304-49-17, Milwaukee Code of Ordinances.
Body
Whereas, The Gorman Company has proposed to develop single-family, scattered site housing in the Metcalfe Park area by constructing rental homes using Federal affordable housing tax credits and then selling the units to the residents for homeownership after expiration of the federally required rental period; and
Whereas, Section 304-49-17 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, Sale of these lots will allow the Gorman Company to provide affordable rental housing with a commitment for future homeownership to qualified households and will provide the City with fair compensation through additional tax base and housing opportunities; and
Whereas, The Department of City Development (“DCD”) recommends sale of these lots with closing contingent on DCD approval of final site and building plans; and
Whereas, These lots will be sold in “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 these lots are surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the City-owned vacants lots in the area bounded by North 27th to North 38th Streets from West North Avenue to West Center Street are declared surplus to municipal needs and that the Offer from the Gorman Company for any lots not committed to other buyers is accepted; and, be it
Further Resolved, That the Commissioner of DCD or designee is authorized to perform such acts as necessary to carry out the intent of this resolution including accepting the Offer, executing the deed and releasing any deed restrictions that prevent construction; and, be it
Further Resolved, That in the event that additional City-owned vacant lots become available through tax foreclosure by City demolition of existing improved property or termination of existing offers to purchase, the Commissioner of DCD is authorized to amend the Option to Purchase with the Gorman Company to included these properties for this project without additional consideration by the Common Council or the City Plan Commission; and, be it
Further Resolved, That the proceeds from said sale be credited to the Reserve for Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD:RS:rs
12/13/05/B
1/9/06 Technical correction made. TJM