NUMB:
980326
VERS:
ORIGINAL
REF:
XXBY:
ALD. NARDELLI
TITL:
Resolution authorizing and directing the proper City officials to execute appropriate documents to convey a surplus, City-owned 11-acre parcel at 6577 North 107th Street to August Urbanek for $92,000.
ANLS:
- Analysis -
This resolution authorizes and directs the proper City officials to prepare and execute appropriate conveyance documents to facilitate the sale of an 11-acre City-owned parcel at 6577 North 107th Street to August Urbanek for $92,000. This vacant parcel is under the jurisdiction of the Milwaukee Board of School Directors, which has determined the property to be surplus.
BODY:
Whereas, The Milwaukee Board of School Directors site inventory includes Site 74, an undeveloped 24.3-acre parcel located near the intersection of North 107th Street and West Mill Road; and
Whereas, Site 74 was originally acquired for the purpose of future development of a middle school or high school on the property; and
Whereas, In 1995, August Urbanek, owner of adjoining property which is being developed as Heritage Heights subdivision, approached the Board of School Directors with an unsolicited offer to purchase a portion of Site 74; and
Whereas, On May 27, 1998, the Board of School Directors approved a resolution to declare an 11-acre portion of Site 74 surplus and to sell said parcel to Mr. Urbanek for $92,000; and
Whereas, The Board of School Directors plans to retain the balance of Site 74 for possible future school development; and
Whereas, Mr. Urbanek intends to use the 11-acre parcel for development of single-family housing and a storm water retention pond; and
Whereas, If the Board of School Directors constructs a school on the balance of Site 74, such school would benefit from the proposed storm water retention facility; and
Whereas, Department of City Development and Milwaukee Public Schools staff feel that $92,000 is a fair market price for the portion of Site 74 being sold to Mr. Urbanek; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the proper City officials are authorized and directed to prepare and execute appropriate conveyance documents to facilitate the sale of an 11-acre parcel at 6577 North 107th Street (tax key no. 146-9992-110-7) to August Urbanek for $92,000.
ZDPT:
DFTR:
LRB98206.1
JDO
6/4/98