Number
010456
Version
ORIGINAL
Reference
Sponsor
ALD. JOHNSON-ODOM
Title
Resolution declaring surplus and accepting an unsolicited Offer to Purchase the vacant, tax-deed lot at 734 East Wright Street for new residential construction, in the 6th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution authorizes the sale of a vacant, tax-deed lot.
Body
Whereas, South Community Organization ("SCO") has offered to purchase for the amount of $1.00 the vacant, tax-deed lot located at 734 East Wright Street, Tax Key No. 321-0107-100-5, for new residential construction and sale to an owner-occupant; and
Whereas, The Department of City Development recommends acceptance of said Offer contingent upon site and building plan approval, financing in place to complete the project, and an 18-month time frame for completion; and
Whereas, Said lot is being sold in an "as is" condition and the City of Milwaukee makes no representations or warranties concerning the lot, including but not limited to soil and subsoil conditions; and
Whereas, The City Plan Commission has approved the acceptance of said Offer, the sale of said lot to be consummated in the manner provided for in the sale of other tax-deed lots pursuant to Section 304-49 of the Milwaukee Code of Ordinances; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said lot is declared surplus, that the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale of said lot, and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD-Real Estate
SS:ss
07/17/01/B