NUMB:
970277
VERS:
ORIGINAL
REF:
950917
XXBY:
THE CHAIR
TITL:
Resolution amending the method of disposition for the surplus, improved, tax deed property located at 3713 North 20th Street, in the 10th Aldermanic District. (Department of City Development - Real Estate)
ANLS:
- Analysis -
This resolution amends the method of disposition for said property by directing that it be sold to a nonprofit corporation for affordable housing purposes.
BODY:
Whereas, Common Council File No. 950917, adopted on November 6, 1995, declared surplus and directed that the property located at 3713 North 20th Street be sold via the open listing method; and
Whereas, Fellowship Missionary Baptist Church, Inc., a nonprofit corporation, has offered to purchase said property for $200 for affordable housing purposes; 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 property located at 3713 North 20th Street, Tax Roll Key No. 270-1412-4, to Fellowship Missionary Baptist Church, Inc., at a fixed price of $200; 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 property 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
06/03/97/E
CATTMR:jvg
06/03/97/E
CATT