Number
050405
Version
ORIGINAL
Reference
Sponsor
ALD. HAMILTON
Title
Resolution declaring three tax-deed vacant lots surplus to municipal needs and authorizing their sale to the Neighborhood Improvement Development Corporation, a not-for-profit organization, for residential construction, in the 1st Aldermanic District.
Analysis
This resolution will result in the sale of three tax-deed vacant lots for residential construction.
Body
Whereas, The Neighborhood Improvement Development Corporation ("NIDC") has submitted an Offer to Purchase in the amount of $1 each the following tax-deed vacant lots for construction of three single-family homes for sale to qualified owner-occupants:
ADDRESS, TAX KEY NUMBER
6099 North 37th Street, #158-0261-000-6
5026 North 26th Street, #206-0020-000-4
5152 North 47th Street, #209-0383-000-0
; and
Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer contingent upon final site and building plan approval by its Development Center prior to closing on said lots; and
Whereas, Said lots are to be sold 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 there is no municipal need for said lots; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the above tax-deed vacant lots are declared surplus to municipal needs, that the Offer to Purchase from NIDC is accepted and that the Commissioner of DCD, or designee, is authorized and directed to perform such acts as necessary to carry out the intent of this resolution; and, be it
Further Resolved, That the proceeds from said sale be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD:SS:ss
07/06/05/A