NUMB:
990973
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution declaring as surplus and authorizing the disposition of a tax deed, vacant lot (part) located at 1028 North 21st Street and an improved, tax deed property located at 1032 North 21st Street, in the 17th Aldermanic District. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution authorizes the sale of said properties to a nonprofit organization for affordable housing purposes.
BODY:
Whereas, Acts Community Development Corporation, a nonprofit organization, has offered to purchase said properties for $500 for affordable housing purposes, with eventual resale to an owner-occupant; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that 1028 North 21st Street (part) and 1032 North 21st Street, Tax Roll Key Nos. 389-1032-6 and 389-1033-1, are declared surplus and that the Department of City Development is authorized and directed to sell said properties to Acts Community Development Corporation at a fixed price of $500; and, be it
Further Resolved, That the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale of said properties and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchaser is required to bring said property into compliance with applicable building codes within the time specified by the Department of Neighborhood Services or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
ZDPT:
DFTR:
DCD-Real Estate
MR:jvg
10/19/99/J