City of Milwaukee - File #: 971672

• File #: 971672
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 2/10/1998
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 3/3/1998
• Title: Resolution declaring as surplus the vacant, tax deed lots located at 2801-03 and 2809 North 5th Street and authorizing their sale to the Housing Empowerment Development Company, LLC, for new residential construction, in the 6th Aldermanic District. (DCD-Real Estate)
• Sponsors: THE CHAIR
• Indexes: HOUSING, PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
3/10/1998	0	MAYOR	SIGNED
3/3/1998	0	COMMON COUNCIL	ADOPTED	Pass	16:0
2/24/1998	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
2/18/1998	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED	Pass	5:0
2/11/1998	0	PUBLIC WORKS COMMITTEE	REFERRED TO
2/10/1998	0	COMMON COUNCIL	ASSIGNED TO

NUMB:

971672

VERS:

ORIGINAL

REF:

XXBY:

THE CHAIR

TITL:

Resolution declaring as surplus the vacant, tax deed lots located at 2801-03 and 2809 North 5th Street and authorizing their sale to the Housing Empowerment Development Company, LLC, for new residential construction, in the 6th Aldermanic District. (DCD-Real Estate)

ANLS:

- Analysis -

This resolution authorizes the sale of vacant, tax deed lots owned by the City of Milwaukee to the Housing Empowerment Development Company, LLC, for construction of two housing units.

BODY:

Whereas, The Housing Empowerment Development Company, LLC, wishes to acquire the vacant, tax deed lots located at 2801-03 and 2809 North 5th Street, Tax Roll Key Nos. 313-1922-6 and 313-1920-100-1, for $1.00 to build two residential units for owner-occupants; and

Whereas, The Housing Empowerment Development Company, LLC, has submitted construction plans to the Department of City Development, which are generally acceptable in terms of architectural detail and neighborhood compatibility; and

Whereas, The Housing Empowerment Development Company, LLC, will be responsible for costs associated with a certified survey; and

Whereas, The Department of City Development recommends sale of said lots for the amount of $1.00 and that closing of the sale is subject to the following contingencies:

1. Receipt of satisfactory evidence from Housing Empowerment Development Company, LLC, that sufficient funds are available to undertake and complete the proposed project.

2. A closing must be completed within twelve months from the date of adoption of this resolution by the Common Council of the City of Milwaukee; and

Whereas, The City Plan Commission has approved the acceptance of said Offer, the sale of said lots to be consummated in the manner provided for in the sale of other tax deed lots pursuant to Section 304-49 of the Milwaukee Code of Ordinances; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that said Offer is accepted and that the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale of said lots and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 02-211-2700.

ZDPT:

DFTR:

DCD-Real Estate

SS:jvg

02/10/98/C