IMMEDIATE ADOPTION
Number
251342
Version
ORIGINAL
Reference
Sponsor
ALD. STAMPER
Title
Resolution authorizing the Department of City Development to issue an Exclusive Right to Negotiate for City-owned vacant lot properties in the 15th Aldermanic District.
Analysis
This resolution authorizes the Department of City Development to issue an Exclusive Right to Negotiate to Emem Group for the purchase of 40 scattered-site vacant lot properties within the 15th Aldermanic District for the purposes of allowing the Proposed Buyer to apply for financing and advance design development for the proposed development.
Body
Whereas, The City of Milwaukee (“City”) owns the vacant lot properties listed below (the “Properties”); and
Whereas, Section 304-49-3-b-3 of the Milwaukee Code of Ordinances (“MCO”) allows the City to sell, convey or lease neighborhood property which the department received direction from the local council member as to such property’s disposition pursuant to approval from the Common Council of the City of Milwaukee (“Common Council”); and
Whereas, Section 304-49-e of the MCO defines neighborhood property to include vacant residential lots suitable for one or 2 housing units acquired prior to March 24, 2024; and
Whereas, The Properties are vacant residential lots suitable for one or 2 housing units and were acquired prior to March 24, 2024; and
Whereas, The Department of City Development (“DCD”) continuously solicits and accepts competitive proposals from buyers and developers seeking to construct new homes on City owned land and this proposal was submitted through that process; and
Whereas, Emem Group (“Proposed Buyer”), or assignee, wishes to acquire the Properties to construct 40 new single-family homes on vacant lots in the Amani neighborhood; and
Whereas, The Properties proposed to be acquired by the Proposed Buyer for construction of new single-family homes are as follows:
2659 North 20th Street
2655 North 20th Street
2639 North 20th S...
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