City of Milwaukee - File #: 010782

• File #: 010782
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 9/25/2001
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 10/12/2001
• Title: Substitute resolution relative to the sale of the surplus, improved, tax-deed property at 2941-55 North Humboldt Boulevard and to declare the tax-deed property at 2963 North Humboldt Boulevard surplus to municipal needs and authorizing an Option to Purchase for both properties with Rainmaker Enterprises, Inc. for commercial reuse in the 3rd Aldermanic District. (DCD-Real Estate)
• Sponsors: ALD. D'AMATO
• Indexes: PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
10/23/2001	1	MAYOR	SIGNED
10/12/2001	1	COMMON COUNCIL	ADOPTED	Pass	16:0
10/9/2001	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
10/3/2001	1	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED	Pass	5:0
10/1/2001	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/28/2001	0	CITY CLERK	DRAFT SUBMITTED
9/27/2001	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
9/27/2001	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
9/27/2001	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
9/26/2001		PUBLIC WORKS COMMITTEE	REFERRED TO
9/25/2001	0	COMMON COUNCIL	ASSIGNED TO

Number
010782
Version
SUBSTITUTE 1
Reference
000417
Sponsor
ALD. D'AMATO
Title
Substitute resolution relative to the sale of the surplus, improved, tax-deed property at 2941-55 North Humboldt Boulevard and to declare the tax-deed property at 2963 North Humboldt Boulevard surplus to municipal needs and authorizing an Option to Purchase for both properties with Rainmaker Enterprises, Inc. for commercial reuse in the 3rd Aldermanic District. (DCD-Real Estate)
Analysis
This substitute resolution amends the proposed use of the property at 2941-55 North Humboldt Boulevard and declares the tax-deed property at 2963 North Humboldt Boulevard surplus to municipal needs and permits the City of Milwaukee to convey the properties according to the conditions in the Land Disposition Report.
Body
Whereas, In Common Council File No. 000417, adopted on July 25, 2000, the Common Council of City of Milwaukee declared the property at 2941-55 North Humboldt Boulevard surplus to municipal needs and authorized the acceptance of an Offer to Purchase from Rainmaker Enterprises, Inc., also known as Andy Busalacchi, for the majority of the property for residential redevelopment; and

Whereas, Residential redevelopment of the property is not feasible and Rainmaker Enterprises, Inc. did not close according to the terms of the Offer to Purchase; and

Whereas, Rainmaker Enterprises, Inc. has submitted a revised proposal for commercial development that incorporates its adjacent property at 1001 East Chambers Street and the City-owned property at 2963 North Humboldt Boulevard that was recently acquired by the City of Milwaukee ("City") through tax foreclosure; and

Whereas, The City Plan Commission has determined that the property at 2963 North Humboldt Boulevard is surplus to municipal needs; and

Whereas, The Department of City Development ("DCD") recommends authorization of an Option to Purchase as outlined in the Land Disposition Report, a copy of which is atta...