Number
250534
Version
ORIGINAL
Reference
250524
Sponsor
ALD. COGGS
Title
Resolution authorizing the acceptance of unsolicited offers to purchase City owned vacant lots in the City of Milwaukee, for the construction of seven new single-family homes within a half-mile of Tax Incremental District No. 59, in the 6th Aldermanic District.
Analysis
This resolution authorizes the sale of Neighborhood Properties according to the conditions in a Land Disposition Report pursuant to Section 304-49-4 and 304-49-8 of the Milwaukee Code of Ordinances.
Body
Whereas, The first amendment to Tax Incremental District Number 59 (“TID No. 59”) has been approved, which allocates $575,000 to help fund new construction of seven single family homes; and
Whereas, Milwaukee Habitat for Humanity (“MHFH”) has worked with the Department of City Development (“DCD”) to identify vacant lots (“Lots”) within the 6th, Aldermanic District; and
Whereas, The Lots are located within the half-mile boundary of TID No. 59 and have been selected because they are deemed to be appropriate locations for new home construction by DCD; and
Whereas, MHFH will build new-construction homes on the Lots; and
Whereas, MHFH will sell the new-construction homes to owner-occupant qualified buyers; and
Whereas, This sale advances the goal of encouraging development of new owner-occupied residential housing throughout the City of Milwaukee; and
Whereas, DCD has reviewed the proposal and recommends sale of the Lots contingent on DCD approval of final site and building plans that conform to preliminary designs approved by DCD and evidence of firm financing; and
Whereas, Section 304-49-4 and 304-49-8 of the Milwaukee Code of Ordinances allow the City of Milwaukee (“City”) to accept unsolicited Offers to Purchase property when the City and/or Redevelopment Authority of the City of Milwaukee (“RACM”) receives fair compensation, whether monetary or non-monetary; now therefore be it
Resolved, By the Common Counc...
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