NUMB:
971669
VERS:
ORIGINAL
REF:
971375
XXBY:
THE CHAIR
TITL:
Resolution amending the disposition of the surplus, improved, tax deed properties located at 1631-31A North 28th Street and 1728 North 19th Street, in the 17th Aldermanic District. (DCD)
ANLS:
- Analysis -
This resolution amends the disposition of said properties by directing that they be sold to a nonprofit organization for civic, charitable or social purposes.
BODY:
Whereas, Common Council File No. 971375, adopted on January 20, 1998, declared surplus and directed that the Department of City Development sell 1631-31A North 28th Street and 1728 North 19th Street via the open listing method; and
Whereas, Acts Community Development Corporation, a nonprofit organization, has offered to purchase said properties for $200 each for providing affordable housing to low and moderate income families including resale to homeowner occupants; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Department of City Development is authorized and directed to sell the surplus, improved, tax deed properties located at 1631-31A North 28th Street and 1728 North 19th Street, Tax Roll Key Nos. 365-0666-100-X and 351-2003-9, to Acts Community Development Corporation at a fixed price of $200 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 and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 02-211-2700; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchaser is required to bring property into compliance with applicable building codes within the time specified by the Building Inspection Department or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
ZDPT:
DFTR:
DCD:MR:jvg
02/10/98/F