City of Milwaukee - File #: 250532

• File #: 250532
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 7/15/2025
• In control: COMMON COUNCIL
• Final action: 7/31/2025
• Title: Resolution authorizing the sale of the City-owned tax deed property at 3474-78 North 2nd Street and 135-37 West Keefe Avenue, in the 6th Aldermanic District.
• Sponsors: ALD. COGGS
• Indexes: CITY PROPERTY, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
8/5/2025	0	MAYOR	SIGNED
7/31/2025	0	COMMON COUNCIL	ADOPTED	Pass	14:0
7/28/2025	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Rosita Ross, Dept. of City Development Jasper Sykes, buyer The buyer will seek to bring a newly renovated childcare development center and residential living space.	Pass	5:0
7/15/2025	0	COMMON COUNCIL	ASSIGNED TO

Number
250532
Version
ORIGINAL
Reference

Sponsor
ALD. COGGS
Title
Resolution authorizing the sale of the City-owned tax deed property at 3474-78 North 2nd Street and 135-37 West Keefe Avenue, in the 6th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) acquired the improved property at 3474-78 North 2nd Street through property tax foreclosure on August 30, 2022; and acquired the vacant lot at 135-37 West Keefe Avenue thorough property tax foreclosure on July 20, 2009 that together are (the “Properties”) and

Whereas, The Department of City Development (“DCD”) advertised the Properties for sale on its website and through MLS; and

Whereas, DCD accepted offers on a continuous basis until an acceptable offer was received and DCD recommends sale to Jasper Sykes (the “Buyer”), or its assignee, to acquire and redevelop the Properties as summarized in a Land Disposition Report (“LDR”) and a Due Diligence Checklist (“DDC”), copies of which are attached to this Common Council File; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the LDR and DDC are approved and that DCD is authorized to enter into a Purchase and Sale Agreement (“PASA”) with the Buyer, or assignee, materially consistent with the LDR and then convey the property to the Buyer, or assignee, in accordance therewith; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign the PASA, deed and requisite closing documents and to close the transaction and to take such actions as may be needed to effectuate the terms of the LDR and this resolution; and, be it

Further Resolved, That the sale proceeds, less sale and marketing expenses and a 30 percent disposition cost reimbursement to the Redevelopment Author...