Number
020074
Version
ORIGINAL
Reference
Sponsor
ALD. CAMERON
Title
Resolution declaring the vacant, tax-deed lot at 3833 North 12th Street surplus and accepting an unsolicited Offer to Purchase from Renzie D. Taylor for residential construction, in the 10th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of a vacant, tax-deed lot for residential construction.
Body
Whereas, Renzie D. Taylor has submitted an unsolicited Offer to Purchase the vacant, tax-deed lot at 3833 North 12th Street, Tax Key No. 272-2352-1, in the amount of $4,500 for construction of an owner-occupied single-family home; and
Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer contingent upon site and building plan approval by DCD's Planning Division, a financial commitment in place to complete the construction as proposed, and construction to be completed within 12 months from the date of Common Council adoption of this resolution; and
Whereas, DCD recommends sale in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition; and
Whereas, The City Plan Commission has determined that said lot is surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said lot is declared surplus; and, be it
Further Resolved, That said Offer to Purchase is accepted and that the proper City officials are authorized and directed to perform such acts as necessary to carry out the intent of this resolution with the proceeds from sale, less a 15 percent development fee to the Redevelopment Authority of the City of Milwaukee, credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD-Real Estate
SS:ss
04/23/02/C