Number
000665
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution declaring the vacant, tax-deed lots located at 1804, 1808 and 1810 North 36th Street and 2045-47 and 2049-51 South 15th Street surplus and accepting an unsolicited Offer to Purchase from Walker's Point Development Corporation for new residential construction, in the 12th and 17th Aldermanic Districts. (DCD-Real Estate)
Analysis
This resolution authorizes the sale of five vacant, tax-deed lots by the City of Milwaukee.
Body
Whereas, Walker's Point Development Corporation has offered to purchase the vacant, tax-deed lots described below for the amount of $1.00 each for new residential construction:
1804 North 36th Street, Tax Key No. 348-0017-3, 3,600 sq. ft.
1808 North 36th Street, Tax Key No. 348-0016-8, 3,600 sq. ft.
1810 North 36th Street, Tax Key No. 348-0015-2, 3,600 sq. ft.
2045-47 South 15th Street, Tax Key No. 469-0696-1, 3,825 sq. ft.
2049-51 South 15th Street, Tax Key No. 469-0697-7, 3,825 sq. ft.
; and
Whereas, Closing is contingent upon the following:
1. Firm financial commitment must be in place.
2. Full site and building plans for each site must be reviewed and approved by the Department of City Development; and
Whereas, Any site preparation or development costs incurred will be the responsibility of Walker's Point Development Corporation; and
Whereas, These lots are being sold in an "as is" condition and the City of Milwaukee makes no representations or warranties concerning the lots, including but not limited to soil and subsoil conditions; 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 property 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 lots are declared surplus, that the p...
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