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File #: 170791    Version: 0
Type: Resolution Status: Passed
File created: 9/6/2017 In control: COMMON COUNCIL
On agenda: Final action: 9/26/2017
Effective date:    
Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 5421(R) West Thurston Avenue, in the 9th Aldermanic District.
Sponsors: ALD. LEWIS
Indexes: LAND DISPOSITION REPORTS, PROPERTY SALES
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Due Diligence Checklist, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
10/5/20170 MAYOR SIGNED   Action details Meeting details Not available
9/26/20170 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Video Video
9/19/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Dwayne Edwards, Department of City Development Michael Hirsch, Milwaukee Metropolitan Sewerage District
Pass5:0 Action details Meeting details Video Video
9/13/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
9/13/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
9/6/20170 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

170791

Version

ORIGINAL

Reference

 

Sponsor

ALD. LEWIS

Title

Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 5421(R) West Thurston Avenue, in the 9th 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 5421(R) West Thurston Avenue (the “Property”) through condemnation on December 8, 1955; and

 

Whereas, The Milwaukee Metropolitan Sewerage District (the “Buyer”) has submitted an unsolicited Offer to Purchase the Property to consolidate its ownership as summarized in a Land Disposition Report and a Due Diligence Checklist, copies of which are attached to this Common Council File; and

 

Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the City to accept unsolicited Offers to Purchase property when the City receives fair compensation, whether monetary or non-monetary; and

 

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal from the Buyer and has determined that the offer and proposal represent fair compensation to the City in terms of the purchase price and investment in the neighborhood; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the offer submitted by the Buyer is accepted; and, be it

 

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign the Purchase and Sale Agreement, 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, shall be credited to the City’s General Fund.

Drafter

DCD:Dwayne.Edwards:dke

09/06/17/B