Number
240657
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. PRATT
Title
Substitute resolution approving the Land Disposition Report and Due Diligence Checklist and authorizing acquisition and then sale of 6263 North Teutonia Avenue, in the 1st Aldermanic District.
Analysis
This substitute resolution, if the City of Milwaukee is successful in tax foreclosure, authorizes sale of the tax delinquent parcel at 6263 North Teutonia Avenue to Milwaukee Pallet, LLC. The property at 6263 North Teutonia Avenue is currently owned by Samoh-T, LLC, c/o Thomas J. McNeal and, as of August 2024, is tax-delinquent $984,803.43. The DNA Parcel is in the City’s 2024 No. 3 property foreclosure file and Milwaukee Pallet, LLC desires to acquire and redevelop the property.
Body
Whereas, The Department of City Development (“DCD”) conducted a historical land use investigation and found that the property at 6263 North Teutonia Avenue (the “DNA Parcel”) historically was operated as Delta Resins & Refractories that historically handled materials that have impacted the environmental conditions at the DNA Parcel resulting in DCD placing the DNA Parcel on DCD’s brownfield list of Do Not Acquire properties; and
Whereas, DCD received an unsolicited offer to purchase the DNA Parcel from Milwaukee Pallet, LLC (the “Buyer”); and
Whereas, The Buyer (or assigns) is willing to purchase the DNA Parcel and renovate the DNA Parcel as Milwaukee Pallet LLC’s headquarters and put the DNA Parcel back onto the tax rolls and back into productive reuse, so the Buyer can continue to expand his business in Milwaukee; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee (“Common Council”), that the Common Council approves the Land Disposition Report (“LDR”) that is part of this file, and per Milwaukee Code of Ordinances 308-22-2, authorizes City of Milwaukee (“City”) acquisition of the DNA Parcel so that, if the City is successful with its tax foreclosure, the DNA Parcel may be...
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