Number
090162
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. BAUMAN
Title
A substitute ordinance relating to policies and procedures for disposition of city-owned real estate.
Sections
304-49-2 rc
304-49-4 rc
304-49-8-0 am
Analysis
Currently, the commissioner of city development periodically provides the common council with a report listing, by aldermanic district, city-owned vacant lots and improved parcels containing 4 or fewer housing units (i.e., “neighborhood properties”) that are recommended for disposition. This ordinance modifies this report procedure to require that the commissioner, in consultation with the local common council member, classify each improved neighborhood property in one of the following categories, with the category designation noted on the report:
a. Habitable Property. This property is habitable in its current condition or can be rendered habitable with reasonable effort and funds proportionate to the assessed value of the property. The property shall be marketed to private purchasers for owner-occupancy. If rehabilitation or restoration is required, the property shall not be sold until the commissioner of neighborhood services has approved a restoration plan for the property and the commissioner of city development has certified that the prospective purchaser has the skills and financial resources to carry out the plan.
b. Uninhabitable Property. This property is not habitable in its current condition and cannot be rendered habitable with reasonable effort and funds proportionate to the assessed value of the property. The property shall be designated for demolition or deconstruction and shall not be subject to further disposition action.
c. Special Consideration Property. This property is not habitable in its current condition and is unlikely to be restored or rehabilitated by a private purchaser because the scope of work exceeds the amount of work that a private purchaser would reasonably be able to complete. ...
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