City of Milwaukee - File #: 010637

• File #: 010637
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 9/5/2001
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 9/25/2001
• Title: Resolution declaring the vacant, tax-deed properties at 508-10 and 516 West Reservoir Avenue and 1901-05 North 5th Street surplus and accepting an unsolicited Offer to Purchase from Derrick Martin for owner-occupied residential construction, in the 6th Aldermanic District. (DCD-Real Estate)
• Sponsors: ALD. JOHNSON-ODOM
• Indexes: PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
10/4/2001	0	MAYOR	SIGNED
9/25/2001	0	COMMON COUNCIL	ADOPTED	Pass	16:0
9/17/2001	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
9/14/2001	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/12/2001	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED	Pass	5:0
9/10/2001	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/6/2001	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
9/6/2001	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
9/6/2001	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
9/5/2001	0	COMMON COUNCIL	ASSIGNED TO
9/5/2001		PUBLIC WORKS COMMITTEE	REFERRED TO

Number

010637

Version

ORIGINAL

Reference

Sponsor

ALD. JOHNSON-ODOM

Title

Resolution declaring the vacant, tax-deed properties at 508-10 and 516 West Reservoir Avenue and 1901-05 North 5^th Street surplus and accepting an unsolicited Offer to Purchase from Derrick Martin for owner-occupied residential construction, in the 6^th Aldermanic District. (DCD-Real Estate)

Analysis

This resolution will result in the sale of vacant, tax-deed lots.

Body

Whereas, Derrick Martin has submitted an unsolicited Offer to Purchase 508-10 and 516 West Reservoir Avenue and 1901-05 North 5^th Street in the amount of $2,000 for construction of an owner-occupied single-family home; and

Whereas, The Department of City Development recommends the sale of said lots in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition and acceptance of Mr. Martin's Offer contingent upon the following:

1. Site and building plans must be submitted for review and approval prior to closing.

2. Closing must occur within 90 days from Offer acceptance.

3. Construction must be completed within 18 months from the date of closing or the City may invoke its reversionary rights; and

Whereas, The City Plan Commission has determined that said lots are surplus to municipal needs; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that said lots are declared surplus; and, be it

Further Resolved, That the Offer to Purchase from Derrick Martin is accepted; and, be it

Further Resolved, That the proper City officials are authorized and directed to perform such acts as necessary to carry out the intent of this resolution and that the proceeds from the sale, less a 15 percent development fee to the Redevelopment Authority of the City of Milwaukee, be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.

Drafter

DCD-Real Estate

SS:ss

09/05/01/G