NUMB:
981146
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution declaring as surplus and authorizing the disposition of the improved, tax deed property located at 4641 North 50th Street, in the 2nd Aldermanic District. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution authorizes the sale of said property to a nonprofit organization for affordable housing purposes.
BODY:
Whereas, CCTR Group, Inc., a nonprofit organization, has offered to purchase said property for $12,500 for affordable housing purposes; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that 4641 North 50th Street, Tax Roll Key No. 228-0812-7, is declared surplus and that the Department of City Development is authorized and directed to sell said property to CCTR Group, Inc., at a fixed price of $12,500; and, be it
Further Resolved, That the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale of said property and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 02-211-2700; and, be it
Further Resolved, That as a condition of the sale of surplus property, purchaser is required to bring property into compliance with applicable building codes within the time specified by the Building Inspection Department or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
ZDPT:
DFTR:
DCD-Real Estate
MR:jvg
11/24/98/D