Number
031105
Version
ORIGINAL
Reference
010624
Sponsor
ALD. BREIER
Title
Resolution accepting an Offer to Purchase a surplus, city-owned vacant lot at 2469-71 South St. Clair Street for owner-occupied, single-family residential development, in the 14th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of a vacant, city-owned parcel of land for residential development.
Body
Whereas, Common Council File No. 010624, adopted September 25, 2001, declared the properties at 2437-53, 2455 and 2469-71 South St. Clair Street surplus and authorized the Department of City Development ("DCD") to solicit proposals for new residential construction; and
Whereas, DCD advertised 2469-71 South St. Clair Street for residential development and three Offers were received; and
Whereas, Rick A. Macek submitted the highest bid of $70,150 to purchase the parcel for the purpose of constructing single-family housing for resale to owner-occupants; and
Whereas, Mr. Macek's Offer was contingent on the City installing sewer and water mains in St. Clair Street; and
Whereas, The two other bidders withdrew their bids upon learning that there were no sewer or water mains in St. Clair Street; and
Whereas, DCD has determined the land has no value without sewer and water mains; and
Whereas, DCD recommends that the full purchase price of $70,150 be utilized to pay a portion of the cost of installing the sewer and water mains; and
Whereas, DCD recommends acceptance of Mr. Macek's Offer contingent upon site and building plan approval prior to closing on said parcel; and
Whereas, Said parcel is 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 parcel; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Offer to Purchase from Rick A. Macek is accepted and that the proper City officials are authorized and directed to perform such acts as necessary to carry out the intent of this resolution including applying the full amount of the sale proceeds toward the cost of sewer and water mains in South St. Clair Street.
Drafter
DCD-Real Estate
SS:ss
11/25/03/D