Number
000774
Version
ORIGINAL
Reference
991624
Sponsor
THE CHAIR
Title
Resolution amending the disposition of the surplus, improved, tax-deed property located at 2026-28 North 35th Street, in the 17th Aldermanic District. (DCD)
Analysis
This resolution amends the disposition of said property by directing that it be sold to a nonprofit organization for affordable housing purposes.
Body
Whereas, Common Council File No. 991624, adopted on February 29, 2000, declared surplus and directed that the Department of City Development sell 2026-28 North 35th Street via the open listing method; and
Whereas, Acts Community Development Corporation, a nonprofit organization, has offered to purchase said property for $500 for affordable housing purposes and eventual resale to an owner-occupant; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Department of City Development is authorized and directed to sell 2026-28 North 35th Street, Tax Key No. 349-0377-9, to Acts Community Development Corporation at a fixed price of $500; and, be it
Further Resolved, That in the event the purchaser defaults, said property will revert back to the direction of the former resolution for disposition via the open listing method without any further action by the Common Council of the City of Milwaukee; 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
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