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File #: 230723    Version:
Type: Resolution Status: Passed
File created: 9/19/2023 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 10/10/2023
Effective date:    
Title: Substitute resolution authorizing acceptance of an unsolicited offer to purchase from Juan A. Guerrero, Maria Del Rosario Guerrero, and Rocio Guerrero-Campos for the City-owned tax deed property located at 1732 South 2nd Street, in the 12th Aldermanic District.
Sponsors: ALD. PEREZ
Indexes: CITY PROPERTY, PROPERTY SALES
Attachments: 1. Land Disposition Report and Due Diligence Checklist, 2. Fiscal Impact Statement, 3. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
10/12/20231 MAYOR SIGNED   Action details Meeting details Not available
10/10/20231 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Not available
10/3/20231 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Deborah McCollum-Gathing, Dept. of City Development Maria Del Rosario Guerrero, buyer Marisol Guerrero, daughter/interpreter Pres. Jose Perez, Common Council and 12th Ald. Dist. Pres. Perez was in support.		Pass4:0 Action details Meeting details Video Video
9/26/20231 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
9/19/20230 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

230723

Version

SUBSTITUTE 1

Reference

 

Sponsor

ALD. PEREZ

Title

Substitute resolution authorizing acceptance of an unsolicited offer to purchase from Juan A. Guerrero, Maria Del Rosario Guerrero, and Rocio Guerrero-Campos for the City-owned tax deed property located at 1732 South 2nd Street, in the 12th Aldermanic District.

Analysis

This resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-8 of the Milwaukee Code of Ordinances.

Body

Whereas, The property at 1732 South 2nd Street (Tax Key 46208260006) (the “Property”) was acquired by the City of Milwaukee (“City”) from All About You Realty & Investments through in rem property tax foreclosure in November of 2021; and

 

Whereas, Juan A Guerrero, Maria Del Rosario Guerrero, and Rocio Guerrero-Campos (the “Buyers”) desire to purchase the Property from the City; and

 

Whereas, The Department of City Development (“DCD”) recommended that the property be marketed for sale; and

 

Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances (“MCO”) allows the City to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and

 

Whereas, The Common Council of the City of Milwaukee desires to authorize the sale of the Property to the Buyers; and

 

Whereas, The file sponsor recommends accepting the Buyers’ purchase price offer of $19,000; now, therefore, be it

 

Resolved, That DCD is authorized to accept an unsolicited offer to purchase the Property from the Buyers, provided that the Buyers meet the following conditions:

 

1.                     The offer price equals the file sponsor’s recommendation, which is $19,000.

 

2.                     The Buyers provide documented evidence of financial ability to pay the full sales price at closing, and understand that the evidence will be verified by DCD.

 

3.                     The Buyers pass all City standard buyer’s checks.

 

4.                     The Buyers close the sale no later than November 30, 2023 following the certification of this file; and, be it

 

Further Resolved, That if the sale does not close by November 30, 2023, the offer shall be deemed to be rejected; and, be it

 

Further Resolved, That upon sale closing, sale proceeds will be distributed as required by MCO 304-49-12.

Drafter

DCD:Deborah.McCollum-Gathing:dmg

09/26/23/A