Number
161634
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. COGGS
Title
Substitute resolution authorizing the sale of the City-owned vacant lots at 824 West Ring Street and 3257 North 9th Street to We Got This, Incorporated, for urban agriculture, in the 6th Aldermanic District.
Analysis
This substitute resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-4 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, We Got This, Incorporated, submitted an unsolicited offer to purchase 824 West Ring Street and 3257 North 9th Street to develop an urban garden as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and
Whereas, Sections 304-49-4 and 304-49-8 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed price and redevelopment represents fair compensation to the City considering the contribution to the neighborhood; and
Whereas, The deed of conveyance to We Got This, Incorporated, will contain restrictions requiring that the properties be maintained as green space and not be sold for development without approval of the Common Council; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of DCD, or designee, is authorized to accept the unsolicited offer to purchase submitted by We Got This, Incorporated, for the City-owned vacant lots at 824 West Ring Street and 3257 North 9th Street for purchase and development as outlined in the Land Disposition Report; and, be it
Further Resolved, That the Commissioner of DCD, or designee, is authorized to close the transaction, releas...
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