Number
040092
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring four vacant, tax-deed lots surplus to municipal needs and authorizing their sale to Greater St. Luke Missionary Baptist Church for church construction, in the 15th Aldermanic District. (DCD)
Analysis
This resolution will result in the sale of four vacant, tax-deed lots for assemblage and church construction.
Body
Whereas, Greater St. Luke Missionary Baptist Church has submitted an unsolicited Offer to Purchase, in the amount of $43,200, for the following vacant, tax-deed lots:
ADDRESS, TAX KEY NUMBER
2741-43 North 27th Street, #309-0406-100-6
2753 North 27th Street, #309-0403-100-X
2757-59 North 27th Street, #309-0402-000-8
2761-63 North 27th Street, #309-0401-000-2
; and
Whereas, Greater St. Luke Missionary Baptist Church will assemble the land to create one site for development; 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 Greater St. Luke Missionary Baptist Church to assemble the lots and build upon them, the City-imposed deed restrictions must be released; and
Whereas, This resolution will authorize the Commissioner of the Department of City Development ("DCD") or designee to prepare the necessary documents for release of the restrictions; and
Whereas, Greater St. Luke Missionary Baptist Church has submitted an acceptable preliminary site and building plan and with a firm financial commitment in the amount of $1 million; and
Whereas, DCD recommends acceptance of said Offer with closing contingent upon final approval of site and building plans by its Development Center; 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 Greater St. Luke Missionary Baptist Church and to perform such acts as necessary to carry out the intent of this resolution and close this sale; and, be it
Further Resolved, That the proceeds from this sale, less a 20 percent disposition cost reimbursement paid to the Redevelopment Authority of the City of Milwaukee and other sale expenses, be 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 these 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/I
Clerical error corrected (15th Ald. Dist.) 6/2/04. mbh