NUMB:
980296
VERS:
ORIGINAL
REF:
970863
XXBY:
THE CHAIR
TITL:
Resolution amending the disposition of the surplus, improved, tax deed property located at 2849 North 5th Street, in the 6th Aldermanic District. (DCD)
ANLS:
- Analysis -
This resolution amends the disposition of said property by directing that it be sold to a nonprofit organization.
BODY:
Whereas, Common Council File No. 970863, adopted on October 14, 1997, declared surplus and directed that the Department of City Development sell 2849 North 5th Street via the open listing method and no acceptable offers were received; and
Whereas, Christians Against Drugs, Inc., a nonprofit organization, has offered to purchase said property for $500 to provide affordable housing for low and moderate income families including resale to an owner-occupant; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Department of City Development is authorized and directed to sell the surplus, improved, tax deed property located at 2849 North 5th Street, Tax Roll Key No. 313-0127-6, to Christians Against Drugs, Inc., at a fixed price of $500; and, be it
Further Resolved, That the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 02-211-2700; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchaser is required to bring property into compliance with applicable building codes within the time specified by the Building Inspection Department or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
ZDPT:
DFTR:
DCD:MR:jvg
06/16/98/G