Number
020719
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring a vacant, tax-deed lot located at 5286 North 67th Street surplus and accepting an unsolicited Offer to Purchase from Christine Robinson for new residential construction, in the 2nd Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of a vacant, tax-deed lot.
Body
Whereas, Christine Robinson has submitted an Offer to Purchase in the amount of $5,670 the vacant, tax-deed lot located at 5286 North 67th Street, Tax Key No. 189-0862-X, for single-family, owner-occupied residential construction; and
Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer with closing contingent upon the following:
1. Site and building plan approval by DCD's Planning Division.
2. DCD's receipt of evidence of financial commitment in place to complete the project as proposed.
3. Sale must close within 90 days from the date of Council adoption of this resolution.
4. Must complete construction within 9 months from the date of closing; and
Whereas, Said lot is being sold in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition; and
Whereas, The City Plan Commission has determined that there is no municipal need for said lot; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said lot is declared surplus, that said Offer to Purchase from Christine Robinson is accepted and that the proper City officials are authorized and directed to perform such acts as necessary to carry out the intent of this resolution with the proceeds from the sale, less a 15 percent development fee to the Redevelopment Authority of the City of Milwaukee, credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD-Real Estate
SS:ss
09/04/02/D