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File #: 191562    Version: 0
Type: Resolution Status: Passed
File created: 1/21/2020 In control: COMMON COUNCIL
On agenda: Final action: 2/11/2020
Effective date:    
Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 1697 North Marshall Street, in the 3rd Aldermanic District.
Sponsors: ALD. KOVAC
Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS, PROPERTY SALES
Attachments: 1. Land Disposition Report an Due Diligence Checklist, 2. Fiscal Impact Statement, 3. DCD PowerPoint, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
2/19/20200 MAYOR SIGNED   Action details Meeting details Not available
2/11/20200 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Not available
2/4/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Yves LaPierre, Dept. of City Development Joseph Stanton, Beach House LLC Ald. Nik Kovac, 3rd Ald. District Amy Turim, Dept. of City Development
Pass4:0 Action details Meeting details Video Video
1/30/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/30/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/21/20200 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
191562

Version
ORIGINAL

Reference

Sponsor
ALD. KOVAC

Title
Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 1697 North Marshall Street, in the 3rd Aldermanic District.

Analysis
This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.

Body
Whereas, The City of Milwaukee (“City”) acquired 1697 North Marshall Street (the “Property”) on August 13, 2013 through property tax foreclosure; and

Whereas, The Department of City Development (“DCD”) has had an open request for proposals since the summer of 2017; and

Whereas, DCD staff received and reviewed the proposal received from Beachhouse, LLC (“Buyer”) to acquire and redevelop the Property as summarized in a Land Disposition Report and Due Diligence Checklist, a copy of which is attached to this Common Council File; and

Whereas, Project approval is contingent on the City of Milwaukee Historic Preservation Commission approving the development proposal on February 10, 2020; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report is approved and DCD is authorized to enter into a Purchase and Sale Agreement with the Buyer, materially consistent with the Land Disposition Report, and then convey the Property to the Buyer in accordance therewith; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign the Purchase and Sale Agreement, historic preservation easement, deed and requisite closing documents and to close the transaction and to take such actions, as may be needed, to effectuate the terms of the Land Disposition Report and this resolution; and, be it

Further Resolved, That the sale proceeds, less sale and marketing expenses and a 30 percent disposition fee to the Redevelopment Authority of the...

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