NUMB:
980648
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution amending the disposition of the surplus, improved, tax deed properties located at 2106-08 North 28th Street and 1938 North 39th Street, in the 7th and 17th Aldermanic Districts. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution amends the disposition of said properties by directing that they be sold to a nonprofit organization for affordable housing purposes.
BODY:
Whereas, Common Council File No. 980068 and 980196, adopted on May 27, 1998 and June 16, 1998, respectively, declared surplus and directed that the Department of City Development sell 2106-08 North 28th Street and 1938 North 39th Street via the open listing method; and
Whereas, Acts Community Development Corporation, a nonprofit organization, has offered to purchase said properties for $500 each for affordable housing purposes and eventual resale to owner-occupants; 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 2106-08 North 28th Street and 1938 North 39th Street, Tax Roll Key Nos. 349-1146-0 and 348-0296-1, to Acts Community Development Corporation at a fixed price of $500 each; 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 of said properties 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 properties into compliance with applicable building codes within the time specified by the Building Inspection Department or said properties may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
ZDPT:
DFTR:
DCD-Real Estate
MR:jvg
09/01/98/H