NUMB:
970989
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution approving the Land Disposition Report for an amendment to the Option to Purchase the property at 2230 North Dr. Martin Luther King Jr. Drive to Briscoe Development and Management Inc. in the 6th Aldermanic District (Redevelopment Authority).
ANLS:
- Analysis -
This resolution will permit the Redevelopment Authority to amend an Option to Purchase said property and to convey it to the named Redeveloper according to the conditions referred to in the Land Disposition Report.
BODY:
Whereas, On October 9, 1997, the Redevelopment Authority of the City of Milwaukee held a public hearing on the proposed sale as required by Wisconsin Statutes; and
Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of property, the Redevelopment Authority of the City of Milwaukee submits herewith a Land Disposition Report describing the terms and conditions of the proposed sale; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Land Disposition Report dated October 9, 1997, with respect to the proposed sale of the following described property is approved:
PROJECT
North 3rd Street-Garfield to North Avenue
PARCEL NUMBERS
Disposition Parcel Nos. 2-2 and 2-5
PROPERTY ADDRESSES
2230, 2234, 2236 and 2238-40 North Dr. Martin Luther King Jr. Drive
REDEVELOPER
Briscoe Development and Management Inc.
; and, be it
Further Resolved, That the deed of conveyance shall contain a reversionary clause joining all parcels into a single parcel that cannot be divided without the prior approval of the Common Council of the City of Milwaukee.
ZDPT:
DFTR:
DCD/Redevelopment Authority
TJT/tt
10/14/97/A