NUMB:
VERS:
ORIGINAL
REF:
XXBY:
ALD. JOHNSON-ODOM
TITL:
Resolution declaring as surplus three vacant, tax deed lots located at 2939, 2945 and 2953 North 1st Street and accepting an Offer to Purchase from Meta House/Our Home Foundation, Inc., for construction of an apartment building, in the 6th Aldermanic District. (Department of City Development)
ANLS:
- Analysis -
This resolution authorizes the sale of three vacant, tax deed lots owned by the City of Milwaukee.
BODY:
Whereas, Meta House/Our Home Foundation, Inc., has offered to purchase the vacant, tax deed lots located at 2939, 2945 and 2953 North 1st Street, Tax Roll Key Nos. 313-0529-1, 313-0530-100-3 and 313-0532-100-4, respectively, from the City of Milwaukee for the amount of $750 for construction of an apartment building consisting of six, two-bedroom units to provide permanent living quarters for their program participants; and
Whereas, Meta House/Our Home Foundation, Inc., has the necessary funding in place to complete this project as proposed; and
Whereas, Closing is contingent upon submittal, review and approval of building and site plans by the Department of City Development; and
Whereas, These vacant, tax deed lots are being sold in an "as is" condition; and
Whereas, The City Plan Commission has approved the acceptance of said Offer, the sale of said lots to be consummated in the manner provided for in the sale of other tax deed/City-owned 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 vacant lots are declared surplus, said Offer is accepted, and the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale of said lots and that the proceeds be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
ZDPT:
DFTR:
DCD-Real Estate
SS:jvg
09/07/99/G