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File #: 110381    Version:
Type: Resolution Status: Passed
File created: 7/6/2011 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 7/26/2011
Effective date:    
Title: Substitute resolution directing the Department of City Development to sell the vacant, City-owned lot at 3034 North 74th Street to the owners of the adjoining properties, in the 10th Aldermanic District.
Sponsors: ALD. MURPHY
Indexes: CITY PROPERTY, PROPERTY SALES
Attachments: 1. Hearing Notice List, 2. Fiscal Impact Statement, 3. Land Disposition Report

Number

110381

Version

SUBSTITUTE 1

Reference

 

Sponsor

ALD. MURPHY

Title

Substitute resolution directing the Department of City Development to sell the vacant, City-owned lot at 3034 North 74th Street to the owners of the adjoining properties, in the 10th Aldermanic District.

Analysis

This substitute resolution directs the Department of City Development to sell the vacant, City-owned lot at 3034 North 74th Street to the owners of the adjoining north property at 3040 North 74th Street and the adjoining south property at 3030 North 74th Street.

Body

Whereas, The vacant, City-owned lot at 3034 North 74th Street is surplus to City of Milwaukee (“City”) needs; and

 

Whereas, The owners of the adjoining north property at 3040 North 74th Street and the adjoining south property at 3030 North 74th Street desire to purchase the property at 3034 North 74th Street to combine it with their properties; and

 

Whereas, 3034 North 74th Street will be divided equally between the adjoining north and south property owners; and

 

Whereas, Should one of the adjoining property owners be unwilling or unable to purchase one half of 3034 North 74th Street, then it may be sold in its entirety to the remaining adjoining property owner; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the Department of City Development is directed to sell the vacant, City-owned lot at 3034 North 74th Street to the owners of the adjoining north property at 3040 North 74th Street and the adjoining south property at 3030 North 74th Street according to the terms and conditions of a Land Disposition Report, a copy of which is attached to this Common Council File; and, be it

 

Further Resolved, That the Department of City Development is further directed to negotiate the terms of the sale, including the sale price, with the purchasers in consultation with the local Common Council member.

Drafter

DCD/Real Estate

YSL:ysl

07/14/11