NUMB:
981157
VERS:
ORIGINAL
REF:
971481
XXBY:
THE CHAIR
TITL:
Resolution amending the disposition of the surplus, improved, tax deed properties located at 3225-27 West Lisbon Avenue and 3231-33 West Lisbon Avenue, in the 17th Aldermanic District. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution amends the disposition of said properties by directing that they be sold via the open listing method in accordance with the ordinance governing the sale of surplus property.
BODY:
Whereas, Common Council File No. 971481, adopted on February 10, 1998, declared surplus and directed that 3225-27 West Lisbon Avenue and the adjoining vacant lot at 3231-33 West Lisbon Avenue, be sold to a nonprofit organization for commercial development purposes, but the nonprofit organization is unable to rehabilitate said property; and
Whereas, The Commissioner of the Department of City Development recommends that said properties be sold via the open listing method:
PROPERTY ADDRESS, LISTING PRICE, ALDERMANIC DISTRICT
3225-27 West Lisbon Avenue, TK #349-2329-3 3231-33 West Lisbon Avenue, TK #349-2328-8 (vacant lot) $10,000 17th
; and
Whereas, Common Council File No. 971851, adopted on April 4, 1998, designated the building at 3225-27 West Lisbon Avenue as a local historic structure and, therefore, the buyer must obtain all necessary permits and zoning approvals; and
Whereas, The City Plan Commission has determined that said properties have no possible municipal use and recommends sale of them to the highest acceptable offer; and
Whereas, The Zoning, Neighborhoods and Development Committee has determined that said properties should be sold via the open listing method pursuant to Section 304-49 of the Milwaukee Code of Ordinances under the following terms and conditions:
A. The Offer conforms in all respects with the sales procedure.
B. The net offer (offer less sale's commission) is greater than 75 percent of the listing price.
C. Th...
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