Number
140593
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. COGGS
Title
Substitute resolution authorizing the sale of City-owned development property at 1801-1823 W. Atkinson Avenue to the former owner, Mount Hermon Missionary Baptist Church, Inc.
Analysis
This resolution authorizes the sale of City-owned development property at 1801-1823 W. Atkinson Avenue to the former owner, Mount Hermon Missionary Baptist Church, Inc., pursuant to s. 304-49-5, 7 and 8 of the Code of Ordinances, and according to the terms and conditions in a land disposition report attached to this file.
Body
Whereas, Mount Hermon Missionary Baptist Church, Inc. was the former owner of City-owned development property at 1801-1823 W. Atkinson Avenue, and lost those parcels to property tax foreclosure by virtue of the City's in rem foreclosure judgment dated October 14, 2013; and
Whereas, Mount Hermon Missionary Baptist Church, Inc., failed to apply to vacate the City's in rem judgment under s. 304-50 of the Code within the 90 days allowed; and
Whereas, While the general buyer policies in the City's sale ordinance (s. 304-49-8) prohibit sales of City-owned parcels to those who lost them to tax foreclosure within 5 years prior to the City's foreclosure judgment, s. 304-49-8 of the Code expressly allows the Common Council to nonetheless override the buyer policies and to approve a sale to former owners, as was described in a December 16, 2013, City Attorney opinion to the City Clerk; and
Whereas, The Department of City Development recommends the terms of sale conditions described in the attached land disposition report that is part of this file, under which, with Common Council approval, the City would re-convey the parcels to Mount Hermon Missionary Baptist Church, Inc. as allowed by s. 304-49-7 of the Code of Ordinances; and
Whereas, Section 304-49-7 of the Code allows the City to consider monetary as well as nonmonetary consideration in establishing the purchase price, and th...
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