Number
000657
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring as surplus and authorizing the sale of the improved, tax-deed property located at 5174 North 35th Street, in the 1st Aldermanic District. (DCD)
Analysis
This resolution authorizes the sale of said property to a nonprofit organization for office purposes.
Body
Whereas, CCTR Group, Inc., a nonprofit organization, has offered to purchase said property for $15,000 as a new location for its offices; and
Whereas, CCTR Group, Inc., has agreed to pay property taxes based upon the full assessed value of said property; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that 5174 North 35th Street, Tax Key No. 207-0001-8, is declared surplus and that the Department of City Development is authorized and directed to sell said property to CCTR Group, Inc., at a fixed price of $15,000; and, be it
Further Resolved, That said property will be taxed at full assessed value; 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/F