Number
001031
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring as surplus and authorizing the sale of improved, City-owned/tax-deed properties located in various aldermanic districts. (DCD)
Analysis
This resolution directs the Commissioner of the Department of City Development or designee to dispose of property in accordance with the ordinance governing the sale of surplus property.
Body
Whereas, The Commissioner of the Department of City Development recommends the sale of the following City-owned/tax-deed properties in "as is" condition via the open listing method:
PROPERTY ADDRESS, LISTING PRICE, ALDERMANIC DISTRICT
3202 North 1st Street, TK #282-1821-9
$8,000
6th
3241 North 1st Street, TK #282-1107-7
$8,000
6th
3822 North 7th Street, TK #272-1250-9
$12,000
6th
3233 North 10th Street, TK #283-0620-5
$8,000
10th
2841-43 North 11th Street, TK #312-2210-6
$12,000
17th
3131 North 13th Street, TK #284-0512-5
$8,000
10th
3130 North 15th Street, TK #284-1055-X
$14,000
10th
2436-38 North 21st Street, TK #325-0516-1
$16,000
7th
3031 North 22nd Street, TK #310-0143-1
$16,000
10th
3364 North 29th Street, TK #286-1015-6
$28,000
10th
5539 North 31st Street, TK #193-0306-9
$16,800
9th
210-12 North 34th Street, TK #401-0779-6
$22,600
4th
418-20 North 34th Street, TK #401-0182-0
$28,600
4th
3072-74 North 34th Street, TK #309-0902-6
$20,000
10th
3249 North 35th Street, TK #287-1133-5
$20,000
10th
2562 North 36th Street, TK #327-0362-X
$16,800
7th
4768 North 36th Street, TK #229-1110-6
$18,000
1st
2809 North 38th Street, TK #308-0827-1
$30,000
7th
4757 North 40th Street, TK #229-0704-7
$20,000
1st
2029 North 41st Street, TK #348-0744-6
$13,000
17th
1060 North 47th Street, TK #386-0049-9
$48,000
16th
2419-21 North 49th Street, TK #328-0111-1
$54,000
17th
4915 North 52nd Street, TK #210-1005-3
$22,000
1st
5861 North 71st Street, TK #175-0711-2
$60,000
2nd
4755 North 90th Street, TK #223-0231-2
$87,700
5th
812 West Burleigh Street, TK #283-1213-0
$16,000
6th
3407 West Clybourn Street, TK #401-0197-2
$12,000
4th
; and
Whereas, Any adjoining City-owned/tax-deed vacant lot may be sold with an improved property to enhance its disposition and by this resolution is declared surplus; and
Whereas, The City Plan Commission and the Public Improvements Committee have determined that said properties have no possible municipal use and are surplus to the City's needs and recommends sale of them to the highest acceptable offer; and
Whereas, The Zoning, Neighborhoods and Development Committee has determined that said properties should be sold via the open listing method pursuant to Section 304-49 of the Milwaukee Code of Ordinances under the following terms and conditions:
A. The Offer conforms in all respects with the sales procedure.
B. The net offer (offer less sale's commission) is greater than 75 percent of the listing price.
C. The buyer is not delinquent in the payment of real estate taxes on any properties that he/she may own in the City of Milwaukee.
D. The buyer has not been convicted, within twelve months preceding the date of the Offer, of failure to comply with an order from the Commissioner of the Department of Neighborhood Services of the City of Milwaukee to correct code violations; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said properties are declared surplus and that the Commissioner of the Department of City Development or designee is authorized and directed to advertise and list said properties for sale to the highest acceptable offer; and, be it
Further Resolved, That the Commissioner of the Department of City Development or designee 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 under the terms and conditions as set forth above; and, be it
Further Resolved, That if no offer is received for any property after advertising it on two occasions, the asking price will be reduced by up to 25 percent; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchasers are required to bring property into compliance with applicable building codes within the time specified by the Department of Neighborhood Services or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council; and, be it
Further Resolved, That the proceeds remaining from the sale of surplus property after payment of commissions and other closing related expenses be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD:DR:lh
11/08/00/A