Number
001341
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution declaring as surplus and authorizing the disposition of the improved, tax-deed properties located at 1747 North 35th Street and 2006 North 37th Street, in the 17th Aldermanic District.
Analysis
This substitute resolution authorizes the sale of said properties to a nonprofit organization for affordable housing purposes.
Body
Whereas, Acts Community Development Corporation, a nonprofit organization, has offered to purchase said properties for $500 each for affordable housing purposes and eventual resale to owner-occupants; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that 1747 North 35th Street and 2006 North 37th Street, Tax Key Nos. 348-0030-4 and 348-0229-6, respectively, are declared surplus and that the Department of City Development is authorized and directed to sell said properties to Acts Community Development Corporation at a fixed price of $500 each; 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 properties and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchaser is required to bring properties into compliance with applicable building codes within the time specified by the Department of Neighborhood Services or said properties may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
Drafter
DCD:MR:lh
01/22/01