Number
251649
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. JACKSON
Title
Substitute resolution approving the City of Milwaukee acquisition of the property at 3282 North 35th Street from United Realty, L.L.C., in the 7th Aldermanic District.
Analysis
Adoption of this resolution by the Common Council will authorize the acquisition of the United Realty, L.L.C.-owned property at 3282 North 35th Street by the City of Milwaukee in an amount not to exceed $2,000,000.
Body
Whereas, United Realty, L.L.C. owns the parcel at 3282 North 35th Street, Tax Key No. 286-9996-113 (the “Property”), and has offered to convey it to the City of Milwaukee for use by the Milwaukee Department of Public Works (“DPW”); and
Whereas, On behalf of the City of Milwaukee DPW, the City of Milwaukee Department of City Development (“DCD”) and the City Attorney’s Office have negotiated acquisition of the Property in an amount not to exceed $2,000,000; and
Whereas, The City of Milwaukee has a need to utilize the Property for DPW purposes; and
Whereas, The City submits an Offer to Purchase as negotiated by DCD and the City Attorney’s Office and executed by United Realty, L.L.C. to acquire the privately-owned property; and
Whereas, The City of Milwaukee and United Realty, L.L.C. have scheduled a closing to take place on or before April 30, 2026; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Land Acquisition Report is approved and that the Commissioner of DCD, on behalf of DPW, is authorized to acquire said Property; and, be it
Further Resolved, That the Common Council authorizes the expenditure in an amount not to exceed $2,000,000 that is allocated in the DPW Sanitation Capital Account (0321-5010-R999-BU110240500) for acquisition of the Property; and, be it
Further Resolved, That the City Comptroller, in conjunction with the DPW and the Commissioner of DCD, is directed to establish any and all subaccounts in accordance with generally a...
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