Number
021556
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring vacant tax-deed and/or other municipally owned lots surplus to the City of Milwaukee's needs and authorizing the Department of City Development to advertise the lots for sale and accept Offers to Purchase for development purposes in various aldermanic districts. (DCD)
Analysis
This resolution will facilitate the aggressive marketing and sale of vacant lots for new construction. Specifically, it will permit the Department of City Development to make the City's entire inventory of lots available for sale on a first-come, first-served basis after an initial public offering period without any further approvals from the Common Council. This will allow the City to expeditiously respond to its customers, demonstrate cost effective service delivery and aid growth of the tax base.
Body
Whereas, The City of Milwaukee ("City") has been enjoying unprecedented growth in new development because it is Wisconsin's center of commerce, culture and industry; and
Whereas, The City has a competitive economic development advantage by virtue of its readily available and affordable real estate inventory, and further, the City can leverage that advantage by making improvements to existing land disposition processes; and
Whereas, The Department of City Development ("DCD") has catalogued all of the City's vacant land inventory and has identified on Exhibit A, a copy of which is attached to this Common Council File, the lots that separately or in combination are suitable for new construction in commercially zoned and other non-residential zoned districts; and
Whereas, DCD wishes to market this inventory in a comprehensive way and in a proactive manner that will be responsive to customers needs; and
Whereas, DCD recommends that the lots identified on Exhibit A be made immediately available for sale under the following general programmatic guidelines:
1. DCD will estab...
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