Number
081367
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. BAUMAN
Title
Substitute resolution declaring the Department of Public Works facility at 1333 North 33rd Street (4th Aldermanic District) surplus to municipal needs and authorizing acceptance of an unsolicited Offer to Purchase from Tows-R-Us 1, LLC.
Analysis
This resolution declares the City-owned property at 1333 North 33rd Street (a former Department of Public Works sanitation district office) surplus to municipal needs. It also directs the Commissioner of City Development, or the Commissioner’s designee, to accept an unsolicited Offer to Purchase this property in the amount of $170,000 from Tows-R-Us 1, LLC, and to close the conveyance transaction.
Body
Whereas, The Department of Public Works (“DPW”) has notified the Department of City Development (“DCD”) that the former Sanitation District Office at 1333 North 33rd Street is no longer needed for municipal purposes; and
Whereas, DPW has received an unsolicited Offer to Purchase in the amount of $170,000 from Tows-R-Us 1, LLC; and
Whereas, Section 304-49-7 of the Milwaukee Code of Ordinances allows the City to accept unsolicited offers and convey property to a designated entity for adequate fair market consideration; and
Whereas, DCD, the real estate agent for municipal department, has reviewed the offer price and believes the price represents market value of the property in its “as is, where is” condition and recommends acceptance of the offer as summarized in the attached Land Disposition Report; and
Whereas, The City Plan Commission has determined that the property at 1333 North 33rd Street is surplus to municipal needs; now, therefore; be it
Resolved, By the Common Council of the City of Milwaukee, that the former Sanitation District Office at 1333 North 33rd Street is declared surplus to municipal needs; and, be it
Further Resolved, That the Commissioner of City Development, or the Commissioner’s designee, is authorized to accep...
Click here for full text