NUMB:
980299
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution declaring as surplus and authorizing the disposition of the improved, tax deed properties located at 2248 South 4th Street and 1032-36 South 5th Street, in the 14th and 12th Aldermanic Districts. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution authorizes the sale of said properties to a nonprofit organization for affordable housing purposes.
BODY:
Whereas, Walker's Point Development Corporation, a nonprofit organization, has offered to purchase said properties for $500 each for affordable housing purposes and eventual resale to an owner-occupant; 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 2248 South 4th Street, and 1032-36 South 5th Street, Tax Roll Key Nos. 467-1223-2 and 431-0142-1, to Walker's Point 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. 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-Real Estate
MR:jvg
06/16/98/E