NUMB:
970763
VERS:
ORIGINAL
REF:
960644
XXBY:
THE CHAIR
TITL:
Resolution amending the method of disposition for the surplus, improved, tax deed property located at 4746 North 29th Street, in the 1st Aldermanic District. (Department of City Development - Real Estate)
ANLS:
- Analysis -
This resolution amends the method of disposition for said property by directing that it be sold via the open listing method in accordance with the ordinance governing the sale of surplus property.
BODY:
Whereas, Common Council File No. 960644, adopted on September 24, 1996, declared surplus and directed that 4746 North 29th Street be sold to a nonprofit agency for affordable housing purposes, but the nonprofit agency is unable to rehabilitate said property; and
Whereas, The Commissioner of the Department of City Development recommends that said property be sold via the open listing method:
PROPERTY ADDRESS, LISTING PRICE, ALDERMANIC DISTRICT
4746 North 29th Street, TK #230-0223-3 $4,000 1st
; and
Whereas, Any adjoining City-owned/tax deed vacant lot may be sold with an improved property to enhance its disposition and by this resolution is declared surplus; and
Whereas, The City Plan Commission has determined that said property has no possible municipal use and recommends sale of it to the highest acceptable offer; and
Whereas, The Zoning, Neighborhoods and Development Committee has determined that said property should be sold via the open listing method pursuant to Section 304-49 of the Milwaukee Code of Ordinances under the following terms and conditions:
A. The Offer conforms in all respects with the sales procedure.
B. The net offer (offer less sale's commission) is greater than 75 percent of the listing price.
C. The buyer is not delinquent in the payment of real estate taxes on any properties that he/she may own in the City of Milwaukee.
D. The buyer has not been convicted, within twelve (12) months preceding the date ...
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