NUMB:
980195
VERS:
ORIGINAL
REF:
XXBY:
ALD. FRANK
TITL:
Resolution declaring as surplus and accepting an unsolicited Offer to Purchase the vacant, tax deed lots located at 2915, 2917-19 and 2921-23 West Greenfield Avenue from Xai Chou Xiong to construct and operate a laundromat, in the 8th Aldermanic District. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution declares surplus and authorizes the sale of three vacant, tax deed lots owned by the City of Milwaukee.
BODY:
Whereas, Xai Chou Xiong has offered to purchase the vacant, tax deed lots located at 2915, 2917-19 and 2921-23 West Greenfield Avenue, Tax Roll Key Nos. 458-0605-1, 458-0606-7 and 458-0607-2, respectively, containing a total of 11,520 square feet for $25,000; and
Whereas, The subject vacant lots will be combined with a privately-owned adjoining vacant lot that Mr. Xiong is purchasing to be included as part of the development site; and
Whereas, Closing is contingent upon:
1. Purchase of the adjoining privately-owned property located at 2907-13 West Greenfield Avenue as evidenced by a recorded deed.
2. Submittal and approval of site and building plans to the Department of City Development, Planning Division.
3. Proof of financial capability to complete the project as proposed.
4. Closing must occur within 120 days from the date of adoption of this resolution.
5. Construction must be completed within 18 months from the date of closing, as evidence by a Certificate of Occupancy; and
Whereas, At a meeting of Layton Boulevard West Neighbors ("LBWN"), Mr. Xiong agreed to work with this area neighborhood group to address all issues noted in Exhibit A, a copy of which is attached to this Common Council File; and
Whereas, Mr. Xiong has agreed to share his final site and building plans with LBWN for review and discussion prior to closing; and
Whereas, The subject lots are being sold in an "as is" condition; and
Whereas, The City Plan Commission has...
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