NUMB:
000261
VERS:
ORIGINAL
REF:
890264
XXBY:
THE CHAIR
TITL:
Resolution amending the disposition of the surplus, tax-deed, vacant lot at 612-22 South 2nd Street by accepting an unsolicited Offer to Purchase from the adjoining owner for use as a fenced and landscaped parking lot, in the 12th Aldermanic District. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution amends the disposition of a surplus, tax-deed, vacant lot.
BODY:
Whereas, Common Council File No. 890264, adopted June 6, 1989, authorized acceptance of an Offer to Purchase the surplus, tax-deed, vacant lot at 612-22 South 2nd Street from the adjoining owner, Porta-Blast, Inc.; and
Whereas, After adoption of File No. 890264, two underground storage tanks were discovered on said vacant lot and the proposed buyer, Porta-Blast, Inc., rescinded their Offer due to the cost of environmental cleanup; and
Whereas, Horner Sod Farms Partnership, owner of the property located at 630-642 South 2nd Street, has offered to purchase said vacant lot which adjoins their property on the north for the amount of $1.00 in an "as is" condition; and
Whereas, Horner Sod Farms Partnership has been informed of the potential environmental contamination of said vacant lot due to its former uses and the known underground storage tanks and they have included an Environmental Disclaimer and Indemnification in favor of the City of Milwaukee which is attached to and made a part of their Offer to Purchase; and
Whereas, The City Attorney's Office has reviewed said Disclaimer and is in agreement that it fully protects the City of Milwaukee from any potential liability with regard to 612-22 South 2nd Street; and
Whereas, The Department of City Development recommends approval of the Offer to Purchase at a price of $1.00 due to the known environmental condition of said vacant lot and the liability indemnification to the City of Milwaukee from the proposed buyer; and
Whereas, The City Plan Commissi...
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