City of Milwaukee - File #: 000830

• File #: 000830
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 10/10/2000
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 11/8/2000
• Title: Resolution declaring as surplus and authorizing the sale of an improved, tax-deed property located at 1722 West Wells Street, in the 17th Aldermanic District. (DCD)
• Sponsors: THE CHAIR
• Indexes: PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
11/17/2000	0	MAYOR	SIGNED
11/8/2000	0	COMMON COUNCIL	ADOPTED	Pass	17:0
10/31/2000	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	3:0
10/19/2000	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
10/18/2000	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED	Pass	5:0
10/12/2000	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
10/10/2000		PUBLIC WORKS COMMITTEE	REFERRED TO
10/10/2000	0	COMMON COUNCIL	ASSIGNED TO

Number
000830
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
Resolution declaring as surplus and authorizing the sale of an improved, tax-deed property located at 1722 West Wells Street, in the 17th Aldermanic District. (DCD)
Analysis
This resolution will permit the Department of City Development to market and sell an improved, tax-deed property in a manner supportive of and consistent with uses in the neighborhood.
Body
Whereas, The Common Council of the City of Milwaukee expects the Department of City Development ("DCD") to design and implement real estate disposition and development strategies that will spur redevelopment compatible with neighborhoods in terms of land use and urban design; and

Whereas, The City of Milwaukee ("City") owns property representing significant redevelopment and revenue potential, more particularly described as follows:

1722 West Wells Street, residential use preferred with some commercial possible, 12,596 square foot building, 6,400 square feet of land, Asking Price $50,000, Zoning is LC-40, Tax Key No. 363-2653-4; and

Whereas, The DCD has formulated a marketing plan for this property that generally includes the following elements:

1. Create a listing (Property Information Sheet) for the property that illustrates physical and locational attributes.

2. Indicate the City's preferred use(s) for this property, in addition to those which are allowable by zoning.

3. Advertise with a Request For Proposal ("RFP") at the asking price in major media outlets and do direct marketing to the real estate development and brokerage community.

4. Invite options to purchase with proposals to redevelop the property for a 45-day period.

5. Pay brokers a full commission of 10 percent of the purchase price on the closed transaction; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that said property is declared surplus and that the DCD is authorized and directed to proce...