Number
170163
Version
ORIGINAL
Reference
Sponsor
ALD. MURPHY
Title
Resolution accepting an unsolicited offer to purchase from Edward Miller for the property located at 6302 West Richmond Avenue for rental purposes, in the 10th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) foreclosed on the property at 6302 West Richmond Avenue due to delinquent property taxes; and
Whereas, The Department of City Development (“DCD”) recommended that the property be marketed for sale; and
Whereas, Edward Miller has submitted an unsolicited offer to purchase the property to rehabilitate it for use as a rental property; and
Whereas, The former owner currently occupying the property is a neighborhood friend of Mr. Miller; and
Whereas, Mr. Miller desires to keep the former owner from becoming displaced and will rehabilitate the property as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and
Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the City to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, DCD has reviewed the offer and the rehabilitation proposal and has determined that the proposal represents fair compensation to the City in terms of investment in the neighborhood; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the unsolicited offer to purchase submitted by Edward Miller for the property at 6302 West Richmond Avenue is accepted; and, be it
Further Resolved, That the Commissioner of DCD, or designee, is authorized to close the transaction according to the terms of the Land Disposition Report; and, be it
Further Resolved, That the Commissioner of DCD,...
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