City of Milwaukee - File #: 221429

• File #: 221429
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 1/17/2023
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 7/11/2023
• Title: Substitute resolution authorizing the sale of the City-owned tax deed property at 5229 North 51st Boulevard, in the 1st Aldermanic District.
• Sponsors: ALD. A. PRATT
• Indexes: CITY PROPERTY, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
7/14/2023	1	MAYOR	SIGNED
7/11/2023	1	COMMON COUNCIL	ADOPTED	Pass	14:0
7/6/2023	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Dwayne Edwards, Dept. of City Development Pastor Clem Richardson, Kingdom Empowered Ministries Barbara Richardson, Kingdom Empowered Ministries	Pass	5:0
6/20/2023	1	CITY CLERK	DRAFT SUBMITTED
1/17/2023	0	COMMON COUNCIL	ASSIGNED TO

Number
221429
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. PRATT
Title
Substitute resolution authorizing the sale of the City-owned tax deed property at 5229 North 51st Boulevard, in the 1st Aldermanic District.
Analysis
This substitute resolution authorizes the sale of City-owned Development Property to Kingdom Empowered Ministries, according to the conditions in a Land Disposition Report pursuant to Section 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) acquired 5229 North 51st Boulevard (the “Property”), through property tax foreclosure on December 2, 2013; and

Whereas, The Department of City Development (“DCD”) advertised the Property for sale through a Request for Proposal on its website and through MLS; and

Whereas, DCD received three proposals and DCD recommends sale to Kingdom Empowered Ministries (the “Buyer”), or assignee, to acquire and redevelop the Property as summarized in a Land Disposition Report (“LDR”) and a Due Diligence Checklist (“DDC”), copies of which are attached to this Common Council File; and

Whereas, The file sponsor recommends accepting the Buyer’s purchase price offer of $325,000; and recording of a Payment in Lieu of Taxes (“PILOT”) Agreement; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the LDR and DDC are approved and that DCD is authorized to enter into a Purchase and Sale Agreement (“PASA”) with the Buyer, or assignee, materially consistent with the LDR and then convey the property to the Buyer, or assignee, in accordance therewith; and, be it

Further Resolved, That DCD is authorized to accept an offer to purchase the Property from the Buyer, provided that the Buyer meets the following conditions:

1. The offer price equals the sponsor of the file’s sale recommendation, which is $325,000.

2. A PILOT Agreement is signed by the Buyer and recorded with the sale, in the event the Buyer applies for property tax exemption.

3. ...