Number
001033
Version
ORIGINAL
Reference
890264
Sponsor
ALD. SANCHEZ
Title
Resolution amending Common Council File No. 890264 to reduce the sales price of the surplus, vacant, tax-deed lot located at 612-22 South 2nd Street, in the 12th Aldermanic District. (DCD)
Analysis
This resolution amends the sales price of a surplus, vacant, tax-deed lot.
Body
Whereas, The Common Council of the City of Milwaukee adopted File No. 890264 on June 6, 1989, which authorized acceptance of an Offer to Purchase the surplus, vacant, tax-deed lot at 612-22 South 2nd Street from the adjoining owner, Porta-Blast, Inc., in the amount of $10,585; and
Whereas, After adoption of File No. 890264, two Underground Storage Tanks (USTs) were discovered on said lot and the proposed buyer, Porta-Blast, Inc., rescinded their Offer due to the cost of environmental cleanup; and
Whereas, Porta-Blast, Inc., has submitted a new Offer to Purchase said lot in the amount of $1.00 in an "as is" condition with the contingency of Buyer approval of environmental conditions following appropriate testing of the contents of the known USTs located on said lot as well as soil and water tests as recommended by an environmental consultant; and
Whereas, Porta-Blast, Inc., is assuming all costs associated with environmental testing; and
Whereas, The Department of City Development recommends acceptance of the new Offer provided that the Acknowledgement and Release Related to Environmental Conditions, which is appended to the Offer to Purchase, is delivered to Seller at time of closing; and
Whereas, The City Plan Commission has approved the acceptance of said new Offer, the sale of said lot to be consummated in the manner provided for in the sale of other tax-deed lots pursuant to Section 304-49 of the Milwaukee Code of Ordinances; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said new Offer to Purchase is accepted with the above contingen...
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