Number
111294
Version
ORIGINAL
Reference
Sponsor
ALD. COGGS, WADE AND HINES
Title
Resolution authorizing the sale of City of Milwaukee vacant lots to Milwaukee Habitat for Humanity, Inc. to create building sites for its 2012 housing program, in the 6th, 7th and 15th Aldermanic Districts.
Analysis
This resolution authorizes the sale of multiple Neighborhood Properties by the City of Milwaukee pursuant to Section 304-49-7, Milwaukee Code of Ordinances, according to the conditions in a Land Disposition Report.
Body
Whereas, Milwaukee Habitat for Humanity, Inc. ("Habitat"), a community-based organization, has been providing affordable housing to first-time homebuyers that qualify as low to moderate-income households in Milwaukee since 1984; and
Whereas, Habitat desires to build 40 single-family homes for its 2012 housing program and has proposed to purchase 36 vacant lots owned by the City of Milwaukee ("City") in the Washington Park, North Division and Park West neighborhoods as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and
Whereas, Section 304-49-7 of the Milwaukee Code of Ordinances allows the City to accept unsolicited offers to purchase City-owned property when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, The sale of these lots will allow Habitat to continue to provide affordable homeownership opportunities to low and moderate-income families and will provide the City with fair compensation through additional tax base and housing opportunities; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the sale of City-owned vacant lots to Milwaukee Habitat for Humanity, Inc., as outlined in the Land Disposition Report, is approved; and, be it
Further Resolved, That the Commissioner of the Department of City Development ("DCD"), or designee, is authorized to close the transaction according to the terms of the Land Disposition Report and DCD approval of final construction plans; and, be it
Further Resolved, That if any lots are encumbered by City deed restrictions that prohibit construction, require use as green space or prohibit from division and/or combination, the Commissioner of DCD, or designee, is authorized to execute Release of Deed Restrictions to provide clear title; and, be it
Further Resolved, That in the event any of the lots identified in the Land Disposition Report are not suitable for development or if the City acquires additional lots in Habitat's target areas that are more suitable for construction, lots may be added or substituted without further action of the Common Council upon approval of the Commissioner of DCD and the local Common Council member; and, be it
Further Resolved, That the sale proceeds, less sale expenses, shall be credited to the Reserve For Tax Deficit Fund.
Drafter
DCD:Real Estate
YSL:ysl
01/18/12/A