Number
000655
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring as surplus and authorizing the sale of the improved, tax-deed property located at 2129-31 West Hopkins Street, in the 10th Aldermanic District. (DCD)
Analysis
This resolution authorizes the sale of said property to a nonprofit organization for commercial development purposes.
Body
Whereas, Rose of Sharon Church, a nonprofit organization, has offered to purchase said property for $500 for commercial development purposes, a day care center; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that 2129-31 West Hopkins Street, Tax Key No. 285-1061-X, is declared surplus and that the Department of City Development is authorized and directed to sell said property to Rose of Sharon Church at a fixed price of $500; and, be it
Further Resolved, That closing is contingent upon receipt and approval of rehabilitation plans and evidence of financing within 180 days from the date of adoption of this resolution to satisfactorily complete the project; 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. 0001-334106; 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 Department of Neighborhood Services or said property may revert back to the ownership of the City of Milwaukee upon action by the Common Council.
Drafter
DCD:MR:lh
09/06/00/G