NUMB:
000263
VERS:
ORIGINAL
REF:
990269
XXBY:
THE CHAIR
TITL:
Resolution amending the disposition of the surplus, vacant, tax-deed lots located at 2915, 2917-19 and 2921-23 West Greenfield Avenue, in the 8th Aldermanic District. (DCD-Real Estate)
ANLS:
- Analysis -
This resolution amends the disposition of three surplus, vacant, tax-deed lots owned by the City of Milwaukee.
BODY:
Whereas, Common Council File No. 990269, adopted on June 2, 1999, accepted an unsolicited Offer to Purchase the surplus, vacant, tax-deed lots located at 2915, 2917-19 and 2921-23 West Greenfield Avenue from Megal Development Corporation to construct a laundromat and banking facility; and
Whereas, Megal Development Corporation has canceled their offer; and
Whereas, Hughes Enterprises, Inc., has offered to purchase said surplus, vacant, tax-deed lots for $25,000 to construct a laundromat; and
Whereas, Said lots will be combined with a privately-owned adjoining vacant lot to be purchased by Hughes Enterprises, Inc., to be included as part of the development site; and
Whereas, Closing the sale is contingent upon:
1. Full support of the active neighborhood group, Layton Boulevard West Neighborhood.
2. Purchase of the adjoining privately-owned property located at 2907-13 West Greenfield Avenue as evidenced by a recorded deed.
3. Submittal and approval of site and building plans to the Department of City Development, Planning Division.
4. Financial commitment in place to complete the project as proposed.
5. Closing must occur within 120 days from the date of adoption of this resolution.
6. Construction must be completed within 18 months from the date of closing as evidenced by a Certificate of Occupancy; and
Whereas, Said lots are being sold in an "as is" condition and the City of Milwaukee makes no representations or warranties concerning the condition of the property, including but not limited to soil and subsoil 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 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 Offer is accepted and that 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:rmf
06/13/00/B