NUMB:
991029
VERS:
ORIGINAL
REF:
XXBY:
ALD. HINES, GORDON AND JOHNSON-ODOM
TITL:
Resolution authorizing the Department of City Development to implement a special real estate development marketing program for commercial property along North Avenue in the 6th, 7th and 17th Aldermanic Districts. (DCD)
ANLS:
- Analysis -
This resolution will permit the Department of City Development to market and sell certain City-owned commercial real estate outside of the manner prescribed in the Milwaukee Code of Ordinances.
BODY:
Whereas, The Common Council of the City of Milwaukee directed the Department of City Development ("DCD") to design and implement activities to spur revitalization of commercial districts in Milwaukee's older neighborhoods; and
Whereas, In response to that charge, the DCD has designed a special marketing campaign for the North Avenue commercial corridor that will target the real estate brokerage and development community to:
1. Make real estate development opportunities known to niche markets.
2. Assist those parties in understanding unique neighborhood marketplaces.
3. Provide them with a single, knowledgeable neighborhood economic development case manager who will assist them in all phases of the development process.
4. Be replicable throughout all Milwaukee neighborhoods and commercial districts; and
Whereas, As part of the marketing campaign, the DCD will promote the availability of commercial real estate owned by the City of Milwaukee which is identified on Exhibit A, a copy of which is attached to this Common Council File; and
Whereas, To expeditiously meet the needs of the City's development customers, the DCD recommends that these commercial properties be declared surplus to municipal needs and be sold outside of the manner prescribed by the Milwaukee Code of Ordinance as follows:
1. Advertise properties for sale in newspapers of general circulation at asking prices determined representative of m...
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