NUMB:
971954
VERS:
SUBSTITUTE 1
REF:
XXBY:
ALD. GORDON
TITL:
Substitute resolution accepting an unsolicited Offer to Purchase the surplus, vacant, tax deed lot located at 2470 West Medford Avenue from Bobbie Ray Sims and Habron Cunningham for use as a parking lot and green space in the 7th Aldermanic District.
ANLS:
- Analysis -
This substitute resolution authorizes the sale of a surplus, vacant, tax deed lot owned by the City of Milwaukee.
BODY:
Whereas, Bobbie Ray Sims and Habron Cunningham have offered to purchase the surplus, vacant, tax deed lot located at 2470 West Medford Avenue, Tax Roll Key No. 325-0041-X, from the City of Milwaukee containing 7,500 square feet for use as a parking lot and green space for $1.00; and
Whereas, This lot was advertised as a residential building site on three separate occasions and no offers were received; and
Whereas, Closing of this sale is contingent upon the following:
1. Buyers must obtain a zoning change and are solely responsible for all fees associated with such.
2. Submittal, review and approval of site plans.
3. Proof of financial responsibility to complete the project as proposed.
4. All improvements must meet City of Milwaukee codes.
5. All improvements must be completed within 18 months from the date of adoption of this resolution or ownership of this lot will revert back to the City of Milwaukee; and
Whereas, This lot is being sold in an "as is" condition; and
Whereas, The City Plan Commission has approved the acceptance of said offer, the sale of said lot to be consummated in the manner provided for in the sale of other tax deed property pursuant to Section 304-49 of the Milwaukee Code of Ordinances; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said offer incorporating the above terms and conditions is accepted and that the proper City officials are authorized and directed to perform such acts as may be required to ...
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