Number
100359
Version
ORIGINAL
Reference
Sponsor
ALD. HINES
Title
Resolution authorizing the sale of the City-owned parking lot at 1805 North 34th Street and the City-owned vacant lot at 3417 West Vine Street to Community Advocates, Inc. for the development of a supportive housing facility, in the 15th Aldermanic District.
Analysis
Adoption of this resolution by at least a two-thirds vote of the Common Council authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-7, Milwaukee Code of Ordinances, and allows the City to convey the property without a deed restriction prohibiting tax-exempt status pursuant to Section 304-50-12, Milwaukee Code of Ordinances.
Body
Whereas, Community Advocates, Inc. wishes to provide critically needed housing and mental health services in the Walnut Hill neighborhood; and
Whereas, Community Advocates has submitted an unsolicited offer to purchase the City-owned parking lot at 1805 North 34th Street and the City-owned vacant lot at 3417 West Vine Street for assemblage with its property as summarized in a Land Disposition Report and a copy of which is attached to this Common Council File; and
Whereas, Section 304-49-7 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed price and redevelopment represents fair compensation to the City considering the investment in the neighborhood and the provision of mental health and housing services to the community; and
Whereas, DCD recommends sale of these properties with closing contingent on DCD approval of final site and building plans and evidence of firm financing; now, therefore, be it
Resolved, By the Common...
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