Number
001734
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring the vacant, tax-deed lot located at 2465 West Capitol Drive surplus and accepting an Offer to Purchase from Xavier K. Wood for parking lot development, in the 10th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution authorizes the sale of a vacant, tax-deed lot.
Body
Whereas, Xavier K. Wood has submitted an Offer to Purchase the vacant, tax-deed lot located at 2465 West Capitol Drive, Tax Key No. 270-1202-2, in the amount of $3,000 for combination with his property located at 2453 West Capitol Drive, Tax Key No. 270-1201-7, for development of a parking lot for tenants of his 12-unit apartment building; and
Whereas, The Department of City Development recommends acceptance of said Offer contingent upon site plan approval by its planning division as well as receipt of evidence of financial resources in place to complete the project as proposed; and
Whereas, Said lot is being sold "as is" and the City of Milwaukee makes no representations or warranties regarding said lot including but not limited to soil and subsoil condition; and
Whereas, The City Plan Commission has approved the acceptance of said Offer, the sale of said lot to be consummated in the manner provided for in the sale of other tax-deed lots pursuant to Section 304-49 of the Milwaukee Code of Ordinances; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said lot is declared surplus, that said Offer is accepted, that the proper City officials are authorized and directed to perform such acts as necessary to carry out the intent of this resolution, and that the proceeds from the sale, less a 15 percent development fee to the Redevelopment Authority of the City of Milwaukee, be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD-Real Estate
SS:ss
04/10/01/F