NUMB:
990311
VERS:
SUBSTITUTE 1
REF:
981157
XXBY:
THE CHAIR
TITL:
Substitute resolution amending the disposition of the surplus, improved, tax deed/City-owned properties located at 3225-27 West Lisbon Avenue and 3231-33 West Lisbon Avenue, in the 17th Aldermanic District.
ANLS:
- Analysis -
This substitute resolution amends the disposition of said properties by directing that they be sold to a nonprofit organization for commercial development purposes.
BODY:
Whereas, Common Council File No. 981157, adopted on February 9, 1999, declared surplus and directed that the Department of City Development sell 3225-27 West Lisbon Avenue and the adjoining vacant lot at 3231-33 West Lisbon Avenue via the open listing method; and
Whereas, Acts Community Development Corporation, a nonprofit organization, has offered to purchase said properties for $500 for commercial development purposes; 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 the surplus, improved tax deed/City-owned properties located at 3225-27 West Lisbon Avenue and 3231-33 West Lisbon Avenue, Tax Roll Key Nos. 349-2329-3 and 349-2328-8, to Acts Community Development Corporation at a fixed price of $500; 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 and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchaser is required to bring property into compliance with applicable building codes within the time specified by the Department of Neighborhood Services or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
ZDPT:
DFTR:
DCD-Real Estate
MR:jvg
06/21/99