City of Milwaukee - File #: 001033

• File #: 001033
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 11/8/2000
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 11/28/2000
• Title: Resolution amending Common Council File No. 890264 to reduce the sales price of the surplus, vacant, tax-deed lot located at 612-22 South 2nd Street, in the 12th Aldermanic District. (DCD)
• Sponsors: ALD. SANCHEZ
• Indexes: PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
12/7/2000	0	MAYOR	SIGNED
11/28/2000	0	COMMON COUNCIL	ADOPTED	Pass	17:0
11/21/2000	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR PLACING ON FILE	Pass	5:0
11/14/2000	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/10/2000		ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
11/8/2000	0	COMMON COUNCIL	ASSIGNED TO

Number

001033

Version

ORIGINAL

Reference

890264

Sponsor

ALD. SANCHEZ

Title

Resolution amending Common Council File No. 890264 to reduce the sales price of the surplus, vacant, tax-deed lot located at 612-22 South 2^nd Street, in the 12^th Aldermanic District. (DCD)

Analysis

This resolution amends the sales price of a surplus, vacant, tax-deed lot.

Body

Whereas, The Common Council of the City of Milwaukee adopted File No. 890264 on June 6, 1989, which authorized acceptance of an Offer to Purchase the surplus, vacant, tax-deed lot at 612-22 South 2^nd Street from the adjoining owner, Porta-Blast, Inc., in the amount of $10,585; and

Whereas, After adoption of File No. 890264, two Underground Storage Tanks (USTs) were discovered on said lot and the proposed buyer, Porta-Blast, Inc., rescinded their Offer due to the cost of environmental cleanup; and

Whereas, Porta-Blast, Inc., has submitted a new Offer to Purchase said lot in the amount of $1.00 in an "as is" condition with the contingency of Buyer approval of environmental conditions following appropriate testing of the contents of the known USTs located on said lot as well as soil and water tests as recommended by an environmental consultant; and

Whereas, Porta-Blast, Inc., is assuming all costs associated with environmental testing; and

Whereas, The Department of City Development recommends acceptance of the new Offer provided that the Acknowledgement and Release Related to Environmental Conditions, which is appended to the Offer to Purchase, is delivered to Seller at time of closing; and

Whereas, The City Plan Commission has approved the acceptance of said new Offer, the sale of said lot to be consummated in the manner provided for in the sale of other tax-deed 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 said new Offer to Purchase is accepted with the above contingency, that the proper City officials are authorized and directed to perform such acts as necessary to consummate said sale, and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.

Drafter

DCD:MSS:ss

11/08/00/A