Number
050461
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
An ordinance relating to conditions for the sale of surplus, city-owned real estate.
Sections
304-49-18 cr
Analysis
This ordinance provides that no bid or offer to purchase surplus, city-owned real property shall be accepted by the common council unless the bidder or maker of the offer has agreed, in writing as part of the bid or offer to purchase, to not apply for an exemption from real estate taxation under s. 70.11, Wis. Stats., in the event that the bid or offer to purchase is accepted. It further provides that the deed of sale for any surplus, city-owned real property shall contain a contain a permanent restriction prohibiting the purchaser, and all subsequent purchasers, from applying for exemption from real estate taxation for that property pursuant to s. 70.11, Wis. Stats.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 304-49-18 of the code is created to read:
304-49. Disposal of City Real Estate Property.
18. PROPERTY TO BE TAXABLE. a. Acceptance of Bid or Offer to Purchase. No bid or offer to purchase made pursuant to this section shall be accepted by the common council unless the bidder or maker of the offer has agreed, in writing as part of the bid or offer to purchase, to not apply for an exemption from real estate taxation under s. 70.11, Wis. Stats., in the event that the bid or offer to purchase is accepted.
b. Deed Restrictions. The deed for any surplus, city-owned property conveyed pursuant to this section shall contain a permanent restriction prohibiting the purchaser, and all subsequent purchasers, from applying for exemption from real estate taxation for that property pursuant to s. 70.11, Wis. Stats. A copy of the deed for each sale of property executed pursuant to this section shall be provided to the commissioner of assessments within 7 business days of closing.
LRB
APPROVED AS TO FORM
__________________________
Legislative Reference Bureau
Date:______________________
Attorney
IT IS OUR OPINION THAT THE ORDINANCE
IS LEGAL AND ENFORCEABLE
__________________________
Office of the City Attorney
Date:______________________
Requestor
Department of City Development
Drafter
LRB05263-1
JDO
07/18/2005