Number
001744
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution approving the Land Disposition Report for the sale of 2700 West State Street to Janet L. and Lare J. Schlee and the sale of 2743 West State Street to the West End Development Corporation for rehabilitation in the 4th Aldermanic District. (Redevelopment Authority)
Analysis
This resolution will permit the Redevelopment Authority to convey said properties according to the conditions in the Land Disposition Report.
Body
Whereas, On April 19, 2001, the Redevelopment Authority of the City of Milwaukee ("Authority") held a Public Hearing on the proposed sales as required by Wisconsin Statutes; and
Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of land, the Authority submits herewith a Land Disposition Report describing the terms and conditions of the proposed sales; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Land Disposition Report dated April 19, 2001, with respect to the proposed sale of the following described parcels is approved:
PROJECT
Blight Elimination Effort/Concordia Historic District
REDEVELOPERS AND PARCEL ADDRESSES
Janet L. and Lare J. Schlee - 2700 West State Street
West End Development Corporation - 2743 West State Street
; and, be it
Further Resolved, That if either of the named Redevelopers fail to exercise their Options to Purchase, the Authority may accept another offer on a first-come basis without further action by the Authority or the Common Council provided that the buyer rehabilitate the dwellings in conformance with the Authority's minimum rehabilitation standards and has provided the Authority with acceptable plans and a prequalification letter from a financial institution.
Drafter
DCD-Redevelopment Authority
MFH:mfh
04/10/01/A