Number
040090
Version
ORIGINAL
Reference
Sponsor
ALD. HINES
Title
Resolution declaring seven vacant, tax-deed lots surplus to municipal needs and authorizing their sale to CCTR Group, Inc., for residential construction, in the 15th Aldermanic District. (DCD)
Analysis
This resolution will result in the sale of seven vacant, tax-deed lots for residential construction.
Body
Whereas, CCTR Group, Inc., a non-profit community development corporation, has submitted an Offer to Purchase, in the amount of $1 each, for the following vacant, tax-deed lots:
ADDRESS, TAX KEY NO.
1948-50 North 27th Street, 350-1229-000-2
1952-54 North 27th Street, 350-1230-000-8
1956-58 North 27th Street, 350-1231-100-X
1943 North 27th Street, 349-0910-000-5
1949 North 27th Street, 349-0909-000-X
1953 North 27th Street, 349-0908-000-4
2711 West Brown Street, 349-0907-000-9
; and
Whereas, CCTR Group, Inc., will assemble the lots and create three building sites on the east side of North 27th Street and five building sites on the west side of North 27th Street for construction of single-family homes that will be sold to qualified owner-occupants; and
Whereas, The deed of conveyance for some of the lots may contain City-imposed deed restrictions preventing division of the lots and prohibiting construction without the prior approval of the Common Council of the City of Milwaukee; and
Whereas, In order for CCTR Group, Inc., to commission a survey to assemble the land to prepare for new construction, the City-imposed deed restrictions must be removed and this resolution will authorize the Department of City Development ("DCD") to prepare the necessary documents for restriction releases; and
Whereas, DCD recommends acceptance of said Offer with closing contingent upon approved site and building plans by its Development Center and submission of a firm financial commitment to complete the project as proposed; and
Whereas, Said lots are to be sold in an "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 there is no municipal need for said lots; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the vacant, tax-deed lots herein are declared surplus to municipal needs and that the Commissioner of DCD or designee is authorized to accept the Offer to Purchase from CCTR Group, Inc., and to perform such acts as necessary to carry out the intent of this resolution and close this sale with the proceeds from the sale credited to the Reserve For Tax Deficit Fund Account No. 0001-334106; and, be it
Further Resolved, That the deed restrictions prohibiting division and development of said lots are released and the Commissioner of DCD or designee is authorized to execute the appropriate documents to release the restrictions.
Drafter
DCD:SS:ss
05/25/04/J