Number
000829
Version
Substitute 1
Reference
Sponsor
ALD. SANCHEZ
Title
Substitute resolution declaring the vacant, tax-deed lot located at 1017-19 West National Avenue surplus and accepting an Offer to Purchase from Walker's Point Development Corporation for development of a parking lot, in the 12th Aldermanic District. (DCD)
Analysis
This resolution will result in the sale of a vacant, tax-deed lot.
Body
Whereas, Walker's Point Development Corporation owns and is rehabilitating a commercial historic structure at 1021-25 West National Avenue for reuse as an office building; and
Whereas, Walker's Point Development Corporation has submitted an Offer to Purchase 1017-19 West National Avenue in the amount of $1.00 for development of a parking lot in conjunction with such rehabilitation; and
Whereas, The Department of City Development recommends acceptance of said Offer contingent upon the following:
1. Parking lot plans must be submitted to and approved by the Department of City Development's Planning Division.
2. The commercial structure at 1021-25 West National Avenue must be completely renovated prior to closing on 1017-19 West National Avenue.
3. This project must be completed by May 31, 2002.
and
Whereas, Said lot is being sold "as is" and the City of Milwaukee makes no representations or warranties regarding the premises 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 vacant, 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 1017-19 West National Avenue is declared surplus, that said Offer to Purchase is accepted with the stated contingencies, that the proper City officials are authorized and directed to perform such acts as a...
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