Number
041700
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring surplus and authorizing the sale of the improved, tax-deed property at 2744 North 27th Street, in the 7th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution declares said property surplus to municipal needs and authorizes acceptance of an unsolicited Offer to Purchase.
Body
Whereas, The Department of City Development (“DCD”) recommended that the improved, tax-deed property at 2744 North 27th Street be demolished, but subsequently received an unsolicited Offer to Purchase from Veronica Phillips to purchase it for $2,700 and to rehabilitate it for homestead purposes; and
Whereas, Said property requires significant rehabilitation, but Ms. Phillips has submitted an acceptable scope of work and evidence of adequate resources to complete the rehabilitation; and
Whereas, DCD has reviewed the submitted documents and recommends acceptance of said Offer; and
Whereas, The City Plan Commission has determined that the property is surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the property at 2744 North 27th Street, Tax Key No. 310-1944-000-4, is declared surplus to municipal needs and that the Commissioner of DCD or his designee is authorized to accept the unsolicited Offer to Purchase from Veronica Phillips in the amount of $2,700; 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 of said property and that the proceeds, less sale expenses and a 20 percent disposition cost reimbursement to the Redevelopment Authority of the City of Milwaukee, 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 buildin...
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