Number
250736
Version
ORIGINAL
Reference
240253
Sponsor
ALD. SPIKER
Title
Resolution authorizing the approval of the Land Disposition Report and sale of the City-owned tax deed property at 3774 South 27th Street, in the 13th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) acquired 3774 South 27th Street (the “Property”), through property tax foreclosure on August 16, 2013; and
Whereas, The Department of City Development (“DCD”) advertised the Property for sale on its website and through MLS; and
Whereas, The Common Council approved Resolution File No. 240253, authorizing the sale of the Property to NVS Investments, LLC; and
Whereas, NVS Investments, LLC did not close on the Property, and
Whereas, The Department of City Development (“DCD”) selected the runner-up proposal from the original list of RFP submittals and recommended Mandeep Dhawan’s proposal; and
Whereas, On August 4, 2025, the City’s Historic Preservation Commission approved a Certificate of Appropriateness for renovation of the hotel and the plans for the new construction elements at the Property; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report (“LDR”) and Due Diligence Checklist (“DDC”) are approved and that DCD is authorized to enter into a Purchase and Sale Agreement (“PASA”) with the Buyer, or assignee, materially consistent with the LDR and DDC and then convey the property to the Buyer, or assignee, in accordance therewith; and, be it
Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign the PASA, deed and requisite closing documents and to close the transaction and to take such actions as may be needed to effectuate the terms of the LDR and this resolution; and, be it
Further Resolved, At Closing, subtracted from the sales proceeds and retained by the City will be the amount of property taxes, interest, and fees owed; and all costs and expenses incurred. Retained funds will be distributed between the Redevelopment Authority of the City of Milwaukee and the City’s Tax Deficit Fund, with the balance of proceeds, if any, to be returned to the former owner.
Drafter
DCD:Dwayne.Edwards:dke
09/02/25/A