Number
081649
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing and approving conveyance of Milwaukee Public School land at 2955 South Delaware Avenue, (Delaware Service Center), in the 14th aldermanic district.
Analysis
This Resolution authorizes the City, on behalf of the Milwaukee Board of School Directors, the school district organized under Chapter 119 of the Wisconsin Statutes ("MPS") to convey real property formerly used for school purposes and located at 2955 South Delaware Avenue (Delaware Service Center), Milwaukee, Wisconsin.
Body
Whereas, MPS, The Boerke Company, Inc., Quarles & Brady, LLP and Central City Valuation Services have entered into an agreement dated January 12, 2007 providing for the marketing development and conveyance of real property declared surplus by MPS; and
Whereas, MPS has declared the Delaware Service Center located at 2955 South Delaware Avenue, Milwaukee, Wisconsin ("Property") to be surplus and undertaken marketing efforts resulting in the proposed conveyance of the Property upon terms and conditions set forth in the Term Sheet ("Term Sheet") associated with this Common council file; and
Whereas, Legal title to MPS real property is held in the name of the City of Milwaukee, in trust for MPS; and
Whereas, The conveyance of surplus MPS property requires adoption of a resolution by the Common Council authorizing and approving such conveyance; and
Whereas, The Common Council desires to approve the conveyance of the Property upon the terms outlined in the Term Sheet; now, therefore, be it
Resolved, By the Common Council that the conveyance of the Property upon the terms and conditions outlined in the Term Sheet, is hereby approved and the proper City officers are hereby authorized and directed to execute the necessary instruments of conveyance.
Requestor
City Attorney
Drafter
Thomas O. Gartner
TOG:ms
March 18, 2009
1034-2007-2848:143871