IMMEDIATE ADOPTION
Number
240552
Version
ORIGINAL
Reference
Sponsor
ALD. COGGS
Title
Resolution releasing certain deed restrictions related to the 1997 conveyance of the property at 119 West Lloyd Street, now known as 113 West Lloyd Street, and authorizing the City of Milwaukee Department of City Development to enter into an agreement or agreements with the owner of the property at 113 West Lloyd Street, in the 6th Aldermanic District.
Analysis
This resolution releases deed restrictions placed on a property at the time of sale in 1997, and imposes new restrictions by mutual agreement of the parties, to be recorded at the register of deeds.
Body
Whereas, The City of Milwaukee (“City”) previously owned a vacant lot property known as 119 West Lloyd Street, now combined and known as 113 West Lloyd Street (“The Property”); and
Whereas, The City sold The Property in 1997 with a quit claim deed that contained certain restrictions (Recorded document number 7402813 at the Milwaukee County Register of Deeds); and
Whereas, The 1997 quit claim deed imposed restrictions that The Property be combined with the buyer’s property, the property could not be divided from the buyer’s property, and that The Property could not have a principal building erected on it without the approval of the Common Council of the City of Milwaukee; and
Whereas, The Property is a vacant lot with no existing improvements; and
Whereas, The current owner of The Property, Vera Property Management, LLC (“The Owner”), would like to subdivide the property by certified survey map and redevelop The Property; and
Whereas, The Owner is still subject to the same deed restrictions as the 1997 buyer; and
Whereas, The Owner agrees to follow all applicable building codes and the City of Milwaukee Zoning Code; and
Whereas, The Property is subject to the Brewer’s Hill Harambee Neighborhood Conservation Overlay District which stipulates development and design standards for new buildings erected within...
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