NUMB:
970531
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution declaring as surplus and authorizing the sale of buildable, vacant, tax deed lots via the open listing method in various Aldermanic Districts. (Department of City Development - Real Estate)
ANLS:
- Analysis -
This resolution authorizes the sale of buildable, vacant, tax deed lots by the City of Milwaukee.
BODY:
Whereas, The Commissioner of the Department of City Development recommends the sale of the following buildable, vacant, tax deed lots via the open listing method in "as is" condition:
PROPERTY DESCRIPTION, LISTING PRICE, ALDERMANIC DISTRICT
6735 North 53rd Street, TK #139-9877-121-2, containing 8,910 square feet, $9,000, 9th
5908 North 80th Street, TK #176-0340-3, containing 5,400 square feet, $7,500, 5th
11720 West Flagg Avenue, TK #181-0448-0, containing 7,922 square feet, $21,500, 15th
5488 North Strathmore Avenue, TK #188-0150-1, containing 7,080 square feet, $12,000, 2nd
4009 West Fairmount Avenue, TK #208-0227-4, containing 5,700 square feet, $6,000, 1st
3764 North Port Washington Avenue, TK #273-1914-5, containing 7,750 square feet, $5,000, 6th
*2431 North 1st Street, TK #322-0799-X, containing 7,500 square feet, $5,000, 6th
*2437-39 North 1st Street, TK #322-0798-4, containing 7,500 square feet, $5,000, 6th
*2410 North 2nd Street, TK #322-0807-1, containing 7,500 square feet, $5,000, 6th
*2416 North 2nd Street, TK #322-0808-7, containing 7,500 square feet, $5,000, 6th
2367 North 5th Street, TK #322-1176-110-4, containing 13,311 square feet, $6,500, 6th
2470 West Medford Avenue, TK #325-0041-X, containing 7,500 square feet, $3,750, 7th
425 West Reservoir Avenue, TK #353-0874-100-X, containing 7,550 square feet, $4,000, 6th
1813-15 North Arlington Place, TK #355-0726-2, containing 8,600 square feet, $14,700, 3rd
3321-23 West Lincoln Avenue, TK #494-0404-5, containing 6,720 square feet, $21,500, 8th
*Located in a designated National Historic District and any construction must meet Historic Preservation Guidelines; and
Whereas, Said buildable lots are improved with water and sewer laterals and are deemed suitable for new home construction; and
Whereas, The City Plan Commission has approved the sale of said 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 the Commissioner of the Department of City Development is authorized and directed to advertise said lots for sale for new home construction to the highest acceptable offer; and, be it
Further Resolved, That the Commissioner of the Department of City Development is authorized and directed to accept Offers to Purchase on behalf of the City of Milwaukee and to perform such acts as are necessary to close the transactions after receipt and satisfactory review of building and site plans; and, be it
Further Resolved, That offers at no less than 20 percent of the original asking price may be accepted; and, be it
Further Resolved, That if no offer is received after advertising a lot on two occasions, the asking price may be reduced by up to 25 percent and then may be advertised at the reduced asking price; and, be it
Further Resolved, That if no offer is received after advertising a lot on three occasions, it will be placed in inventory and may be advertised at a future date at the reduced asking price or the Department of City Development may entertain unsolicited offers which would be submitted to the Common Council for consideration; and, be it
Further Resolved, That the proceeds from the sale of said lots be credited to the Reserve For Tax Deficit Fund Account No. 02-211-2700.
ZDPT:
DFTR:
DCD-Real Estate
SS:jvg
07/11/97/K
CATTDFTR:
DCD-Real Estate
SS:jvg
07/11/97/K
CATT