NUMB:
970873
VERS:
SUBSTITUTE
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution declaring as surplus the improved, tax deed property located at 2411 West Becher Street and directing a determination of future municipal needs and/or method of disposition, in the 8th Aldermanic District. (Department of City Development - Real Estate)
ANLS:
- Analysis -
This resolution authorizes the sale of said property by directing that it be sold to a nonprofit corporation for affordable housing purposes.
BODY:
Whereas, The Community Housing & Preservation Corporation, a nonprofit corporation, has offered to purchase said property for $1.00 for affordable housing purposes; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Department of City Development is authorized and directed to sell the surplus, improved, tax deed property located at 2411 West Becher Street, Tax Roll Key Nos. 470-2033-3, to the Community Housing & Preservation Corporation at a fixed price of $1.00 ;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 property and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 02-211-2700; 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 Building Inspection Department or said properties may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
ZDPT:
DFTR:
CC
RLH:kmm
10/2/97