NUMB:
981006
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution declaring as surplus the vacant, tax deed lots located at 1833 and 1833-A South 5th Street and accepting an Offer to Purchase from Walker's Point Development Corporation for housing construction, in the 12th Aldermanic District. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution authorizes the sale of two vacant, tax deed lots owned by the City of Milwaukee.
BODY:
Whereas, Walker's Point Development Corporation has offered to purchase the vacant, tax deed lots located at 1833 and 1833-A South 5th Street, Tax Roll Key Nos. 462-0942-7 and 462-0941-1, respectively, from the City of Milwaukee containing a combined 10,000 square feet to construct one duplex for low to moderate income families for $1; and
Whereas, Said vacant lots must be combined to create a single, buildable parcel; and
Whereas, Full site and building plans must be approved by the Department of City Development prior to closing; and
Whereas, These vacant, tax deed lots are being sold in an "as is" condition; and
Whereas, The City Plan Commission has approved the acceptance of said Offer, the sale of said lots to be consummated in the manner provided for in the sale of other tax deed lots pursuant to Section 304-49 of the Milwaukee Code of Ordinances; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said lots are declared surplus, said Offer is accepted, and the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale of said lots and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 02-211-2700.
ZDPT:
DFTR:
DCD-Real Estate
SS:jvg
10/30/98/B