Number
241041
Version
ORIGINAL
Reference
151894, 190054, 220972
Sponsor
ALD. PRATT
Title
Resolution relating to the sale of the former Carleton School property at 4116 West Silver Spring Drive in accordance with Wisconsin Statutes Section 119.61, in the 1st Aldermanic District.
Analysis
This resolution authorizes certain modifications to the sale file of the former Carleton School property having an address of 4116 West Silver Spring Drive and establishes amended terms of the sale to extend the timeline to close and complete construction of the Project according to the Amended and Restated Land Disposition Report.
Body
Whereas, The former Carleton School (the “Property”), located at 4116 West Silver Spring Drive, was declared surplus by the Milwaukee Board of School Directors in 2012; and
Whereas, Section 119.61, Wisconsin Statutes, requires that the City Clerk must post public notice of available surplus Milwaukee Public Schools property for 24 consecutive months, and during that period, such property may be sold only to education operators as determined by the Common Council of the City of Milwaukee (“Common Council”); and
Whereas, Notice of the availability of the Property was posted on the City of Milwaukee’s (“City”) website beginning January 26, 2016; and
Whereas, Common Council File No. 151894, adopted by the Common Council on November 1, 2016, approved the sale to Rocketship Education, Inc.; and
Whereas, Rocketship Education, Inc. subsequently withdrew its offer to purchase as a result of escalating costs to renovate the Property for school use; and
Whereas, The City relisted the Property for adaptive reuse on March 1, 2018; and
Whereas, AndersonWebb, LLC and Wisconsin Redevelopment, LLC or its newly created entity or assignee (jointly referred to as “Buyer”) submitted a proposal on January 4, 2019, to purchase for $220,000, based on the appraised value as established by an independent appraisal completed by The Nicholson Group, LLC in Ma...
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