NUMB:
970280
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution declaring as surplus the improved, tax deed property located at 2563 North 12th Street and directing a determination of future municipal needs and/or method of disposition, in the 17th Aldermanic District. (Department of City Development - Real Estate)
ANLS:
- Analysis -
This resolution authorizes the sale of said property to a nonprofit corporation for affordable housing purposes.
BODY:
Whereas, WAICO/YMCA Central City Housing Initiative II, a nonprofit corporation, has offered to purchase said property for $200 for affordable housing purposes; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Department of City Development is authorized and directed to sell the surplus, improved, tax deed property located at 2563 North 12th Street, Tax Roll Key No. 323-1133-100-X, to WAICO/YMCA Central City Housing Initiative II, at a fixed price of $200; and, be it
Further Resolved, That the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 02-211-2700; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchaser is required to bring property into compliance with applicable building codes within the time specified by the Building Inspection Department or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
ZDPT:
DFTR:
DCD-Real Estate
MR:jvg
06/03/97/M
CATTMR:jvg
06/03/97/M
CATT