NUMB:
971001
VERS:
ORIGINAL
REF:
951812
XXBY:
THE CHAIR
TITL:
Resolution amending the method of disposition for the surplus, improved, tax deed property located at 2839 North 20th Street, the north 1/2 of Lot 2, a/k/a part of 2835 North 20th Street, and the west 1/2 of Lot 1, a/k/a 2839-B North 20th Street, in the 17th Aldermanic District. (DCD - Real Estate)
ANLS:
- Analysis -
This resolution amends the method of disposition from a determination that said property be sold to a nonprofit organization to a sale via the open listing method.
BODY:
Whereas, Common Council File No. 951812, adopted on May 14, 1996, declared surplus and directed that 2839 North 20th Street, the north 1/2 of Lot 2, a/k/a part of 2835 North 20th Street, and the west 1/2 of Lot 1, a/k/a 2839-B North 20th Street, be sold to a nonprofit organization for affordable housing purposes, but the nonprofit organization was unable to rehabilitate said property; and
Whereas, The Commissioner of the Department of City Development recommends that said property be sold via the open listing method:
PROPERTY ADDRESS, LISTING PRICE, ALDERMANIC DISTRICT
2839 North 20th Street, TK #310-0701-4, 2835 North 20th Street (part - north 1/2 of Lot 2), TK #310-0703-5, and 2839-B North 20th Street (part - west 1/2 of Lot 1), TK #310-0702-X $4,000 17th
; and
Whereas, The City Plan Commission has determined that said property has no possible municipal use and recommends sale of it to the highest acceptable offer; and
Whereas, The Zoning, Neighborhoods and Development Committee has determined that said property should be sold via the open listing method pursuant to Section 304-49 of the Milwaukee Code of Ordinances under the following terms and conditions:
A. The Offer conforms in all respects with the sales procedure.
B. The net offer (offer less sale's commission) is greater than 75 percent of the listing price.
C. The buyer is not delinquent in the payment of real...
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