NUMB:
970916
VERS:
ORIGINAL
REF:
960301
XXBY:
THE CHAIR
TITL:
Resolution amending the disposition of the surplus, improved, tax deed property located at 2501-03 North 22nd Street, in the 7th Aldermanic District. (DCD - Real Estate)
ANLS:
- Analysis -
This resolution amends the disposition of said property by directing that it be sold to a nonprofit organization for educational and training purposes.
BODY:
Whereas, Common Council File No. 960301, adopted on June 25, 1996, declared surplus and directed that the Department of City Development sell 2501-03 North 22nd Street to Project Respect, Inc., for affordable housing purposes, but the nonprofit agency was unable to rehabilitate said property; and
Whereas, Wisconsin Good Samaritan Project, Inc., a nonprofit organization, has offered to purchase said property for $200 for educational and training purposes; 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 2501-03 North 22nd Street, Tax Roll Key No. 325-0361-X, to Wisconsin Good Samaritan Project, Inc. for a fixed price of $200; 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
09/23/97/F